Risk - CTC Risk - Liquidity Risk - Associate

J.P. Morgan is a leader in financial services, offering innovative and intelligent solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years and we keep their interests foremost in our minds at all times. This combination of product strength, intellectual capital and character sets us apart as an industry leader. J.P. Morgan is part of J.P. Morgan Chase & Co. (NYSE: JPM), a global financial services firm with assets of $2.0 trillion.

CTC Risk is an independent risk function managing firmwide Interest Rate and Liquidity Risk. CTC Risk also oversees the risk of the retained portfolio generated from the Chief Investment Office (CIO), Treasury and

Corporate (CTC) businesses, and is responsible for the end to end risk framework within the Treasury & CIO (includes Market, Credit & Operational Risk, as well as Retirement plans & BOLI COLI risk). In addition, CTC

Risk partners with firmwide Principal, Model Governance & Review, Country and Reputation Risk for oversight of the corresponding risks within CTC. CTC Chief Risk Officer (CRO) reports directly to the firmwide CRO and is also the CRO for the unconsolidated HoldCo, JPMorgan Chase & Co.

Liquidity Risk Oversight (LRO) is an independent risk management function with firmwide responsibility for the oversight of liquidity risk. Responsibilities include, but are not limited to:

• Establishing and monitoring limits, indicators, and thresholds, including liquidity appetite tolerances;
• Defining, monitoring, and reporting internal firmwide and legal entity stress tests, and monitoring and reporting regulatory defined stress testing;
• Monitoring and reporting liquidity positions, balance sheet variances and funding activities;
• Conducting ad-hoc analysis to identify potential emerging liquidity risks
• LRO participates in critical projects, including regulatory submissions such as Recovery & Resolution, Liquidity Program Exams, ILAAP (Internal Liquidity Adequacy Assessment Process), among others.

Description

The Liquidity Risk Oversight group partners with other internal risk groups, Corporate Treasury, LOB Treasury groups and senior management to inform funding strategies and liquidity management through normal and stress market environments. LRO is also a primary resource for external regulators for discussions and analysis of liquidity risk.

CTC Risk seeks to hire a risk professional to join its independent Liquidity Risk Oversight (LRO) function focusing on liquidity risk associated with CIB Markets products . This role provides a unique opportunity to understand and work with firmwide risk measures across multiple product categories and participate in liquidity risk related matters, including liquidity monitoring, forecasting and reporting. The independent Liquidity Risk Oversight group partners with other internal risk groups, Corporate Treasury, as well as senior management, to formalize funding strategies through normal and stress market environments. In addition, the team will frequently interact with external regulators. The position offers opportunities to gain visibility into various market products, risk metrics and processes, and increase understanding in firm wide company initiatives.

Specific responsibilities:

• Provide independent review and detailed analysis of regulatory and internal liquidity stress scenarios including analytical review of key market and behavioral assumptions
• Generate a d -hoc and periodic analysis covering liquidity trends and impacts from markets products within the CIB included secured financing, derivatives and prime service activity using data visualization tools like Tableau
• Assist with liquidity risk coverage for certain legal entities including the US broker dealer and LATAM including ongoing monitoring, producing daily analyses, and setting of limits
• Interact and partner frequently with lines of business/legal entity coverage teams within LRO, Business Units and other corporate functions within CTC, and other risk groups within JPMorgan in order to obtain, understand, analyze and draw conclusions with respect to potential liquidity risks implications
• Assist with regulatory requests regarding liquidity risk

Qualifications

• 4-6 years of experience in risk management; liquidity/treasury risk, market risk and/or trading, with a wide range of experience with quantitative, financial and risk management techniques and systems preferred. Knowledge of prime brokerage and/or derivatives businesses preferred.
• Ability to balance and execute multiple projects at once and deliver results under tight time constraints with attention to details
• Strong analytical and critical thinking skills, as well as a high level of self-initiative required
• Experience handling large data sets and creating effective data visualizations
• Understanding of stress testing, various return measures and experience with stress construction preferred
• Demonstrated effectiveness working independently and in multi-disciplinary teams
• Excellent oral and written communication skills

Education:An undergraduate degree is required; post-graduate degree/MBA is preferred .

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package.

JPMorgan Chase & Co. is an Equal Opportunity and Affirmative Action Employer, M/F/D/VJPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.