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Corporate Risk - Model Risk Reporting - Analyst

Req #: 170100783
Location: Newark, DE, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 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 www.jpmorganchase.com.

 

Model Risk Reporting is responsible for providing Firmwide Model Risk management information and analysis to the Model Risk Governance and Review (MRGR) group, Senior Risk Management, Line of Business (“LOB”) representatives, internal audit, and external regulators. The team will work very closely with the Model Risk business to provide tactical reporting while also providing input and advice on strategic infrastructure and workflow that will facilitate improved data quality and increased automation and flexibility in their reporting.  The team is also responsible for working with Senior Management to develop reporting that meets FDIC, FRB, OCC regulatory reporting requirements and help maintain compliance with model risk policies.  

Job Description:

This Analyst role is in the Model Risk Reporting team (part of a broader Firmwide Risk Reporting Group). The right candidate must be able to understand and present the model risk information to both the Model Risk Governance and Review group and each of the LOB’s senior leaders and Risk Officers across the firm.  Additionally, the candidate will need to understand data flows, investigate data issues and be able to engage Model Risk in a constructive discussion of the root cause of data related problems and be able to identify and discuss proposed solutions.

 

The role entails the collection, aggregation and analysis of data in order to produce meaningful Model Risk reports, which are consumed by Senior Risk Management to monitor the content and status of the firm's model inventory. The team interacts heavily with the Model Risk Governance and Review group and various firm-wide lines of business.

 

The right candidate must be detail oriented, great communicator and able to manage large amounts of data from various sources. This role requires a candidate with the ability to grasp and understand current processes within the business make suggestive improvements where possible and gradually take on those responsibilities to return a high quality end-product. Strong MS Access and Excel VBA skills are desirable.  Project management skills a plus.

 

There is a critical need to focus on ensuring that the risk reporting is comprehensive, useable, and accurate so that all levels of risk management can use it to understand and manage the business in a timely and effective manner.

 

Roles & Responsibilities:

·         Partner with LOB Model Risk Officers and Model Managers to provide reporting analysis and meet reporting requirements

·         Perform month-end controls execution and “close the books” to ensure data accuracy

·         Complete weekly, monthly and quarterly reports to meet Service Level Agreement timelines

·         Analyze and understand the impact of report methodology, policy, and process changes by comprehending and communicating findings to management

·         Contribute to the improvement and automation of the Model Risk reporting processes

·         Streamline and enhance current report user tools and controls

·         Develop new reporting as requested; facilitate the implementation and delivery

  • Provide coordinated Business and Project Management support focused on strategic business objectives
  • Be encouraged to think creatively, challenge status quo, and work towards strategic objectives 
  • Bachelor's degree in Business, Finance or Accounting (or equivalent experience).
  • Experience in financial services performing finance, accounting or analytical functions
  • Established track record of delivery in a complex environment, ability to multi-task and flex to business changes
  • Capability of working under pressure, prioritizes multiple tasks, and bring tasks to closure
  • Ability to critically challenge with the goal of identifying control issues
  • Excellent analytical and problem-solving skills with attention to details

·         Ability to be flexible, follow tight deadlines, organize and prioritize work

·         Strong teamwork and interpersonal skills

  • Effective communication, process documentation and presentation skills
  • Proficient with MS Excel and PowerPoint, MS Access, SQL and VBA experience a plus
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