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Corporate - Capital Management - Capital Planning & Analysis - Associate

Req #: 180014956
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:

JPMorgan Chase & Co (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations 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.comhttp://www.jpmorganchase.com/
 

Capital Management is a firmwide function in the Firm’s Treasury and Chief Investment Office (CIO) organization within Corporate Finance.  Global Treasury/CIO is responsible for the Funding and Liquidity risk management of the firm worldwide as well as managing the structural Interest Rate Risk of firm across a wide range of asset classes, with the main hubs being located in London, New York and Hong Kong.
 
The Capital Management group oversees the risk-weighted asset (RWA) and capital measurement processes across the firm, and helps ensure efficient and appropriate management of our capital.   The team oversees and coordinates across established teams in Finance, Risk and Regulatory Policy.  The team's scope includes policy interpretation, oversight of implementation changes, dialogue with regulators on RWA calculations and model changes, reporting and establishing RWA limits and managing the firm's capital stress testing processes.  Its mandate includes determining the appropriate investment in people and technology to improve the accuracy and timeliness of RWA calculations as well as the implementation of new rules and guidelines as they are made public. 

 

The Capital Controllers team is responsible for a variety of analytical exercises and project across Planning & Analysis, Capital Allocations, Strategy, and Resolution & Recovery.

 

Within Capital Controllers, the Capital P&A team is responsible for managing short-term and long-term forecasting of Capital, RWA (Standardized & Advanced), GSIB and Supplementary Leverage (“SLR”) across the firm and legal entities.

 

Job Summary

The individual will be a member of the Capital P&A team and the responsibilities will include:

  • Production of Firmwide short-term capital, risk-weighted assets (RWA), GSIB and SLR forecasting and analytics for senior management including week-over-week, quarter-over-quarter and year-over-year commentary
  • Partner with various LOB contacts, Firmwide P&A and Corporate Treasury teams to ensure accuracy and timeliness of projections and to ensure that risks and opportunities to forecast are properly highlighted
  • Prepare analysis and materials for quarterly earnings press release
  • Assist in the long-term budget and mid-year forecast projections and discussions
  • Assist in the preparation of lead Bank and other Legal Entities forecasting
  • Partner with Capital Controllers in standardizing, streamlining and enhancing processes
  • Respond to ad-hoc analytical requests from key partners such as Corporate Treasury, Corporate Finance Analytics and Bank Controllers team as well as senior management
  • Develop an understanding of regulatory (Basel III Standardized and Advanced) and GAAP capital calculations and metrics

The position will require exposure to senior management and the individual will work with and many Finance teams across the Firm including LOBs, Firmwide P&A, Controllers, Treasury, Investor Relations and Regulatory Policy. Attention to detail, the ability to work efficiently in a fast paced environment and effective communication are key skills to succeed in this position.

  • 3 or more years of relevant experience in a related finance, P&A, or reporting function
  • Bachelor’s degree in Finance or a related field required; Master’s Degree / CPA / CFA preferred
  • High Proficiency in Microsoft Office applications (Excel & PowerPoint in particular) required
  • Knowledge of balance sheet, income statement and basic accounting concepts required       
  • Prior P&A or regulatory reporting (FR Y-9C, FFIEC 101, FFIEC 031, FR Y-14) experience preferred
  • Creative self-starter with strong initiative and ability to take ownership and work independently as well as contribute to the broader team
  • Strong interpersonal and communication skills and ability to multi-task and work effectively with senior management in a fast paced environment to meet deadlines under pressure
  • Strong analytical, critical thinking and problem solving skills with a track record of execution against deliverables
  • Control mindset (ability to identify and close control gaps and / or issues
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