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) team resides within Corporate Finance. The group is responsible for the execution and delivery against the Firm’s regulatory reporting requirements to its U.S. regulators. The team has end-to-end responsibility for US regulatory reporting and capital stress testing, including the design, implementation, and oversight of the execution, analysis, 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 the FRRA Team are to provide leadership on all aspects of US regulatory reporting and Firmwide capital stress testing, including both internal and regulatory requirements.
Leading the aggregation of actuals and consolidation methodology for projections of CCAR, DFAST, Mid Cycle ICAAP, and internal Risk Appetite processes
Partner with Lines of Business (LOB), Finance and Risk Management functions, and senior management to prepare JPMC’s Capital Plan
Performing analysis of stress testing results of the Income Statement, Balance Sheet, RWA, and Regulatory Capital; presenting findings to senior management, the Board of Directors and regulators
Developing and continuously improving JPMC’s regulatory stress testing requirements and processes and supporting Corporate and LOB initiatives to continually improve and enhance the CCAR process
Within CCST, the Strategic Solutions team is responsible for providing subject matter expertise (SME) and driving the development of the technology infrastructure to support firmwide capital stress testing, with primary focus upon CCAR/DFAST and ICAAP submissions to regulators. In partnership with the Corporate Technology division, this role will have responsibility for improving and maintaining the financial concepts, capital forecasting calculations, and mathematical logic of JPMC’s proprietary system for capital stress testing. It provides a unique opportunity for a candidate with a background in Finance and also an interest in systems development, analytics, and reporting.
Responsibilities will include (but not limited to):
Bachelor’s degree required; Finance, Accounting or quantitative field preferred
Approximately 3-7 years relevant experience
Strong analytical and problem solving skills; experience and ability to analyze large data sets required
Prior regulatory capital and/or stress testing experience strongly preferred
Experience with financial system development preferred
Knowledge of balance sheet, income statement, regulatory capital, and basic accounting concepts required
Knowledge of, or direct experience with, banking products and business lines preferred
Control mind-set (ability to identify and close control gaps and/or issues)
Ability to multi-task and be hands on in a fast paced environment to meet deadlines under pressure
Excellent oral & written communication and relationship management skills
Creative self starter with strong initiative, ability to take ownership and work independently as well as contribute to the broader team
Proficiency in Microsoft Office applications (Excel & PowerPoint in particular)
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