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CIB Finance & Business Management - Recovery & Resolution - VP - NY

Req #: 180022234
Location: Brooklyn, NY, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:

The Corporate & Investment Bank (CIB) Finance and Business Management (F&BM) group provides financial advice to support the CIB’s business strategy and helps to ensure a sound control environment. Within F&BM, the four major areas of responsibility are: Business-aligned BMs (Business Managers), the CIB Controller, Support Staff CFO, and Planning and Analysis.


The CIB Resolution & Recovery (R&R) Team is part of CIB Controllers.  Its mission is to oversee and, ultimately, deliver the CIB’s contributions to JPMorgan Chase’s Recovery and Resolution Plans, required by the US and international regulators.


The Dodd-Frank Act (US regulation) requires large, systemically important financial institutions such as JPMorgan Chase to submit Board-approved Resolution Plans (a.k.a. Living Wills) to US regulators.  US federal regulation also requires JPMorgan Chase to submit Recovery Plans to the regulators.  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.  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.  These plans are a strategic priority for the firm as failure to produce comprehensive, credible plans could lead to more stringent capital, leverage, or liquidity requirements, and, ultimately, to possible firm-wide structural/organizational changes. Similar regulatory requirements exist in the UK and other European and Asian jurisdictions.


The CIB R&R Team plans, manages, controls, and delivers the CIB’s contributions to JPMorgan Chase’s Recovery and Resolution Plans.


Position Description


JPMorgan Chase is seeking a VP to join the CIB Resolution & Recovery Team.  The VP will oversee and coordinate the delivery of Resolution and Recovery Plan narratives (quantitative and qualitative descriptions of key dimensions of JPMorgan Chase from an R&R perspective).  The VP will also provide leadership to key analytical workstreams (e.g., Derivatives, Recovery, Pro-Forma Financials) and project management activities.


Success in this role requires effective performance in the following responsibilities:

  • Business Results
    • Create and manage program-level schedules in a complex project environment
    • Proactively analyze risks and issues, establish contingency plans, and identify trigger events and responsibility for initiating mitigating action
    • Perform critical path analysis and work with workstreams to develop timelines for completion of activities
    • Analyze actual performance against the plan and make adjustments consistent with plan objectives
  • Client/Customer Focus
    • Understand, communicate and ensure clarity across all resources on R&R content and contribution to R&R project deliverables
    • Provide direction to CIB business partners in order to meet objectives
    • Lead and direct resources across businesses, functions, and workstreams to develop timelines for completion of activities
    • Ensure management keeps informed of impacts to project schedule
    • Develop and deliver presentations to broad/senior groups
  • Teamwork and Leadership
    • Contribute to a highly positive and collaborative team culture
    • Contribute to an environment that enables peak performance
    • Interface with team members to ensure implementation of standards, processes and support services
  • Risk, Controls and Conduct
    • Produce/review “Standard Operating Procedures” and other control documentation to ensure all processes are clearly defined, executed and controlled

  • Required
    • Bachelors' degree required
    • 5+ years of experience in financial services
    • Highly effective oral and written communications skills
    • Experience in planning, coordinating, and delivering results across multiple teams and interdependencies
    • Strong analytical and control competencies to facilitate production, review, and sign-off of complex financial outputs
    • Knowledge of and competency in project management process such as planning tasks, allocating resources, risk and issue management, monitoring and reporting, documentation, and recordkeeping
    • Advanced Microsoft PowerPoint and Excel skills
    • Ability to build strong relationships with people at varying levels across the organization
  • Desirable
    • Experience using formal project management methodology, techniques, and tools
    • Knowledge and experience of investment banking, trading, derivatives, and, in particular, liquidity and treasury functions
    • Experience and/or familiarity with development of Resolution and Recovery Plans or other regulatory initiatives
    • MBA, CFA, CPA

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