JPMorgan Chase & Co (NYSE: JPM) is a leading global financial services firm with assets of $2.5 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.com.
The Firmwide Regulatory Reporting & Analysis (FRRA) organization resides within Corporate Finance. FRRA is responsible for the execution and delivery against the Firm’s regulatory reporting requirements to its U.S. regulators.
FRRA has end-to-end responsibility for US regulatory reporting and capital stress testing, including the design, implementation, and oversight of the execution, analysis, and control and governance frameworks. Its mandate includes determining the appropriate investment in people, processes and technology to improve the accuracy, completeness and consistency of the Firm’s US regulatory reporting and capital stress testing submissions, as well as the implementation of new requirements and guidelines as they are published.
The objectives of FRRA are to provide leadership on all aspects of US regulatory reporting and firmwide capital stress testing, including internal and regulatory requirements.
The Regulatory Capital Reporting & Analysis Team within FRRA is responsible for regulatory capital reporting under the Basel III Standardized and Advanced Approaches for JPMC and its subsidiaries. The team interacts closely with the Lines of Business (LOBs), RWA Production team, Capital Controllers, Corporate Planning & Analysis, technology and U.S. Regulatory Agencies to interpret and accurately report regulatory capital figures and provide detailed analysis on the results. In addition to on-going reporting, the team is also responsible for implementation of new disclosure requirements.
Roles and Responsibilities:
This role will be integral to the Capital and Risk Weighted Assets calculations for the Basel III Standardized and Advanced Approaches for the firm. The individual will be heavily involved in overseeing the reporting process and analyzing the risk-based capital results across external reports such as Pillar 3, the FFIEC101 and FFIEC 102. Additionally, the candidate will perform variance analysis (quarter vs. quarter, actual vs. forecast), support the intra-quarter RWA consolidation/control work and contribute to presentations to Senior Management, internal/external audit and Regulatory Agencies. They will also be responsible for the maintenance of and compliance with procedures and SOX controls, ensuring calculations comply with the regulations and are reconciled to the general ledger. The individual will focus on issues and errors – performing cross report impact analysis and for those issues which belong to Capital team implement the fix which are sustainable and inline with regulatory requirements.
Skill & Background Requirements:
Firmwide Regulatory Reporting and specifically Basel Capital related experience preferred (but not mandatory)
Strong product knowledge with an understanding of how they are reported in various reports
Strong communications skills, written and verbal – significant interaction with LOBs, risk streams, senior managers, and with regulators
Ability to work on multiple priorities at the same time within tight deadlines, demonstrating excellent organizational skills
Strong analytical and reconciliation skills
Strong PC skills in Excel, Access, Business Objects
Bachelor’s degree (Accounting or Finance strongly preferred)
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