JPMorgan Chase & Co (NYSE: JPM) is a leading global financial services firm that operates worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com
The Dodd-Frank Act requires large, systemically important financial institutions such as JPMorgan Chase to submit Board-approved Resolution and Recovery Plans (a.k.a. Living Wills) to US regulators annually and upon the occurrence of material changes to the Company. Recovery Plans need to demonstrate how the firm would recover if the firm were to experience significant decreases in capital and liquidity as a result of a severe, crisis event. Resolution Plans need to demonstrate how JPM would be resolved in an orderly way (i.e., without causing a major market disruption), if the company ever became bankrupt. These plans are a strategic priority for the firm.
Job Responsibilities:
The Corporate Treasury Resolution and Recovery Financial Analytics team (RRFA) is responsible for delivering the capital analyses for the Firm’s Resolution and Recovery plans. As a member of the team, this person will be responsible for assisting on a variety of key deliverables in support of the production, analysis, maintenance and continued enhancement of firm wide capital analytics and reporting initiatives, in direct support of Resolution and Recovery planning. Specific duties include, but are not limited to the following:
Conduct firm wide and legal entity specific Resolution and Recovery capital stress testing, analyze capital impacts and identify potential capital risks; support the production of pro forma financials which form the basis of the capital analytics Produce high quality and well-structured presentations and ad-hoc analyses for Senior Management and the Board of Directors, Regulatory Agencies, and other key stakeholders Present relevant information and capital analytics to stakeholders including senior management Develop an understanding of JPM’s Recovery and Resolution-related regulatory capital requirements and processes Drive end-to-end work streams in a fast-paced, results-driven environment Support initiatives to continually improve and enhance existing processes including technological improvements Develop familiarity with Resolution and Recovery financial analysis included in the Resolution and Recovery plans. Liaise with Lines of Business and other stakeholders to ensure that no inconsistencies exist or are introduced across the plans Ensure RRFA deliverables are in compliance with evolving regulatory requirements related to capital, specifically around Resolution and Recovery planning Consult internal stakeholders on Resolution and Recovery initiatives in other jurisdictions and provide guidance when local regulatory requests related to Resolution and Recovery planning are receivedRequired qualifications, capabilities and skills:
3 to 5 years of financial services experience ideally in Corporate Finance, Controllers, Capital Management or Risk Management Ability to operate in a fast-paced environment with a high level of scrutiny and be able to interact effectively with the various stakeholders Strong qualitative and quantitative analytical skills Excellent presentation skills and the ability to succinctly convey complex results and issues Strong communication skills and ability to effectively collaborate and coordinate across various lines of business, legal entities and geographic regions Ability to work independently with minimal oversight but who can also be an effective team member Able to work under pressure, prioritize multiple tasks and bring tasks to closure Strong data analytics, including ability to manipulate large datasetsPreferred qualifications, capabilities and skills:
Proficiency in PowerPoint and Excel; experience using VBA, scripting language (such as Python), Tableau and Databricks a plus, but not required Bachelor’s Degree required, preferably in Finance, Accounting, Economics, or Engineering with knowledge of balance sheet, income statement and basic accounting concepts; prior regulatory capital experience is a plus