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CTC (Corporate Treasury and CIO) Risk- FirmWide Liquidity Risk Analyst

Req #: 180010600
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:
CIO, Treasury, and other Corporate (CTC) Risk - Liquidity Risk Oversight - NY - Analyst
J.P. Morgan is a leader in financial services, offering innovative and intelligent solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years and we keep their interests foremost in our minds at all times. This combination of product strength, intellectual capital and character sets us apart as an industry leader. J.P. Morgan is part of J.P. Morgan Chase & Co. (NYSE: JPM), a global financial services firm with assets of $2.0 trillion.
CTC Risk is an independent risk function managing firmwide Interest Rate and Liquidity Risk. CTC Risk also oversees the risk of the retained portfolio generated from the Chief Investment Office (CIO), Treasury and
Corporate (CTC) businesses, and is responsible for the end to end risk framework within the Treasury & CIO (includes Market, Credit & Operational Risk, as well as Retirement plans & BOLI COLI risk). In addition, CTC
Risk partners with firmwide Principal, Model Governance & Review, Country and Reputation Risk for oversight of the corresponding risks within CTC. CTC Chief Risk Officer (CRO) reports directly to the firmwide CRO and is also the CRO for the unconsolidated HoldCo JPMorgan Chase & Co.
Liquidity Risk Oversight is an independent risk management function having responsibility for firmwide oversight with the Global head of LRO reporting to the CTC CRO. Responsibilities include, but not limited to:
  • Establishing and monitoring limits, indicators, and thresholds, including liquidity appetite tolerances;
  • Defining, monitoring, and reporting internal firmwide and legal entity stress tests, and monitoring and reporting regulatory defined stress testing;
  • Monitoring and reporting liquidity positions, balance sheet variances and funding activities;
  • Conducting ad hoc analysis to identify potential emerging liquidity risks
  • LRO participates in critical projects, including regulatory submissions such as Recovery & Resolution, CLAR (Comprehensive Liquidity Analysis & Review), ILAAP (Internal Liquidity Adequacy Assessment Process), among others.
The Liquidity Risk Oversight group partners with other internal risk groups, Corporate Treasury, LOB Treasury groups and senior management to inform funding strategies and liquidity management through normal and stress market environments. LRO is also a primary resource for external regulators for discussions and analysis of liquidity risk.
CTC Risk seeks to hire a risk professional to join its independent Liquidity Risk Oversight (LRO) function focusing on Firmwide liquidity stress testing. This role provides a unique opportunity to understand and work with firmwide risk measures across multiple product categories and participate in liquidity risk related matters, including liquidity monitoring, forecasting and reporting. The independent Liquidity Risk Oversight group partners with other internal risk groups, Corporate Treasury, as well as senior management, to formalize funding strategies through normal and stress market environments. In addition, the team will frequently interact with external regulators. The position offers opportunities to gain visibility into various market products, risk metrics and processes, and increase understanding in firm wide company initiatives. The position also offers opportunities for visibility to senior management.
Specific responsibilities:
  • Develop key risk analytic reports for Treasury senior management, business partners, various risk committees and regulators. Due diligence and attention to detail is critical
  • Provide an independent oversight to Treasury‚Äôs adherence to the liquidity risk framework
  • Conduct and support the development and execution of liquidity stress analysis and reporting of stress testing at Firm level, with legal entity views, currency views and structural liquidity views
  • Provide independent review of regulatory and internal stress scenarios, including analysis on key market and behavioral assumptions and management of ad hoc analysis
  • Play a role in the development and build-out of the liquidity risk management process and infrastructure
  • Develop and evaluate proposals for new liquidity risk monitoring, metrics and stress tests
  • Interact and partner frequently with lines of business/legal entity coverage teams within LRO, Business Units and other corporate functions within CTC, and other risk groups within JPMorgan in order to obtain, understand, analyze and draw conclusions with respect to potential liquidity risks implications
  • Assist with regulatory requests regarding liquidity risk
  • 1-2 years experience in risk management; liquidity/treasury risk, market risk and/or trading of fixed income products, preferably with a wide range of experience with quantitative, financial and risk management techniques and systems preferred
  • Ability to balance and execute multiple projects at once and deliver results under tight time constraints with attention to details
  • Strong analytical and critical thinking skills, as well as a high level of self-initiative required
  • Understanding of stress testing, various return measures and experience with stress construction
  • Demonstrated effectiveness working independently and in multi-disciplinary teams
  • Excellent oral and written communication skills
  • Demonstrated ability to work effectively across different businesses and functional areas
Education: An undergraduate degree is required.
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