JPMorgan Chase
Location
Tempe, AZ | United States
Job description
Corporate Treasury – Vice President Risk Reporting
Overview:
The Treasury and the Chief Investment Office ( TCIO ) within JPMorgan is responsible for firm wide asset and liability management for one of the world’s largest global financial institutions with a $2.5 trillion balance sheet, including more than $900 billion in loans and $1.4 trillion in deposits. Because it sits at the very center of the firm, Treasury and the Chief Investment Office directly influences the composition of the firm’s balance sheet as well the activities of the firm’s four main lines of business (LOBs): Asset & Wealth Management, Commercial Banking, Corporate & Investment Bank, and Consumer & Community Banking.
The Corporate Treasury Middle Office ( CTMO ) is part of the Treasury and the Chief Investment Office organization and provides support for the Firm regarding Liquidity, Fund Transfer Pricing ( FTP ) and Structural Interest Rate Risk ( SIRR ) reporting. Key responsibilities include:
+ Overseeing the operating model that supports the aggregation of data used in the Firm’s risk management and ALM functions (i.e. balance sheet detail, forecasts, and assumptions). This includes the execution of key data integrity controls, reconciliations, adjustments, and analytics on >450 daily feeds (~250m positions, >600 entities).
+ Coordinating the production of several Firmwide, Line of Business, and Legal Entity level risk reports (i.e. 6G, LCR , Stress, NSFR , EaR, DV01, EVS , FTP ) by expected deadlines. This involves working with contacts globally to quickly research and explain variances in calculated risk measures and “what if” scenarios to facilitate sign-off by senior risk stakeholders prior to report distribution internally and to regulators.
+ Partnering with internal data source providers and risk stakeholders globally across all lines of business to complete data investigations and resolve data quality issues with the goal of improving the timeliness and accuracy of all risk reporting on a continual basis.
+ Partner with various stakeholders globally to design new adjustments /sustainable solutions to meet regulatory demand
The team has presence in North America (Delaware, Tempe, and NY Metro), Europe (London and Warsaw) and Asia (Hong Kong and Bangalore).
Job Responsibilities:
The Vice President of Risk Reporting will manage a team of ~7-10 employees in the Tempe, Arizona location performing the functions of data quality & controls, change management and regulatory reporting to support daily Liquidity Risk management. There is significant exposure across the firm due to the scope of Liquidity Risk Reporting including to people, products, projects, and technology. Key responsibilities include:
+ Build, manage and develop a team of individuals to support the liquidity risk operations functions including training, performance reviews and talent development
+ Accountable for ensuring the team’s adherence to daily liquidity risk SLA’s for internal and external reporting. Team responsibilities will include:
+ Reviewing, adjusting, and attesting to the quality of liquidity risk data daily across all entities in the firm
+ Performing product reconciliations & assist with daily balance sheet variance analysis
+ Performing data analysis to identify & implementing business validation rules to support transition to an exception based operating model
+ Determining business drivers behind variances and communicate impact to partner groups such as Liquidity Risk Oversight and Liquidity Management
+ Working with CTMO peers, Technology, Program Management, and Line of Businessstakeholders to continually improve the end-to-end operating model and data quality while delivering on strategic business objectives. This includes driving key projects to improve the Liquidity Risk Infrastructure ( LRI ) and its operating model.
+ Facing off with internal and external auditors and regulators as needed. The team is audited at least twice a year and responds to several ad hoc regulatory requests.
+ Coordinating updates to internal risk stakeholders as needed on the status of key business objectives while leading projects internally.
+ Leading business review and metrics meetings with internal business and risk stakeholders to review KPIs\\KRIs.
+ Adopting and developing the skillset in the team to utilize robotics process automation tools to tactically solve problems while enhancing the team’s analytical capabilities.
+ Continually identify and enhance the overall control environment and operating model across the core operational activities, improving timeliness and reducing operational risk to the firm
Required Qualifications, Skills, and Capabilities:
+ 5+ years’ experience in financial operations specifically in financial reporting, balance sheet analysis and\\or asset and liability or liquidity management.
+ Experience in the liquidity risk domain, including familiarity with the FR2052a, Liquidity Coverage Ratio ( LCR ), Net Stable Funding Ratio ( NSFR ) and Internal stress testing is preferred, but not required.
+ Proven leadership experience including ability to facilitate big projects and process improvements across a large organization.
+ Strong analytical skills including the ability to complete data investigations and summarize findings in a clear and meaningful way.
+ Prior experience managing and developing a team of people.
+ Independent critical thinking, problem-solving and decision-making talents.
+ Ability to work under pressure, prioritize, multitask, and bring tasks to complete closure.
+ Organized and able to execute responsibilities with minimal supervision.
+ Strong written and verbal communication skills with ability to prepare executive level presentations.
JPMorgan 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
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