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Liquidity Risk Reporting Associate

at JPMorgan Chase in Newark, Delaware, United States

Job Description

Overview:

Join the Treasury and the Chief Investment Office (TCIO) within JPMorgan is responsible for firm wide asset and liability management for one of the world’s largest global financial institutions with a $2.5 trillion balance sheet, including more than $900 billion in loans and $1.4 trillion in deposits. Because it sits at the very center of the firm, TCIO directly influences the composition of the firm’s balance sheet as well the activities of the firm’s four main lines of business (LOBs): Asset & Wealth Management, Commercial Banking, Corporate & Investment Bank, and Consumer & Community Banking.

As a Liquidity Risk Reporting Associate on the The Corporate Treasury Middle Office (CTMO) which is part of the TCIO organization and provides support for the Firm in regards to both liquidity and structural interest rate risk (SIRR) reporting, you would be a part of the team that is responsibile for the following:

+ Overseeing the operating model that supports the aggregation of data used in the Firm’s risk reporting process (i.e. balance sheet detail, forecasts, and assumptions). This includes the execution of key data integrity controls, reconciliations, adjustments, and analytics.

+ Coordinating the production of several Firmwide, LOB, and Legal Entity level risk reports (i.e. 5G, LCR, Stress, EaR, DV01, EVS) by agreed upon deadlines. This involves working with contacts globally to quickly research and explain variances in key risk measures and to facilitate sign-off by senior risk stakeholders prior to report distribution internally and to regulators.

+ Partnering with internal data source providers and risk stakeholders across all lines of business to complete data investigations and resolve data quality issues with the goal of improving the timeliness and accuracy of all risk reporting on a continual basis.

+ Responding to internal or regulatory requests to complete ad hoc data analysis or produce custom reports as needed.

In this role, you would have the opportunity to:

+ Improve their understanding of asset and liability management principles for a large financial institution with a balance sheet in excess of 2.5 trillion.

+ Develop a good understanding of the key risk measures used by a financial institution to manage interest rate risk and liquidity exposure.

+ Stay connected to changes in the industry and the regulatory landscape as they apply to liquidity and interest rate risk.

+ Interact with senior executives and external regulators on a frequent basis as part of ad hoc analysis requests.

+ Become an expert in data management and analysis while improving their technical and programming skills with analytical and business intelligence tools such as MS Excel\\Access, Tableau, Xceptor, Alteryx, VBA, and Python.

Job Responsibilities:

+ Review, adjust and attest to the quality of liquidity risk data daily across all entities in the firm.

+ Perform product reconciliations & assist with daily balance sheet variance analysis.

+ Prepare, analyze & provide commentary for internal and external reports to stakeholders internal and external to the firm.

+ Perform data analysis to identify & implement business validation rules to support transition to an exception based operating model.

+ Identifying improvements and leverage available toolsets (Alteryx, Xceptor, Tableau, Excel, Access, Python) to own and implement changes through to completion

+ Determine business drivers behind variances and communicate impact to partner groups such as Liquidity Risk Oversight and Liquidity Management

+ Support LRI tech/business enhancements and assisting in technology related developments, ensuring appropriate prioritization and end user testing.

+ Continually identify and enhance the overall control environment and operating model across the core operational activities, improving timeliness and reducing operational risk to the firm

+ Prepare key performance indicators or metrics and present to senior management

Required Qualifications, Skills, and Capabilities:

+ 4+ years’ experience in financial operations specifically in financial reporting, balance sheet analysis and\\or asset and liability or liquidity management.

+ Strong analytical skills including the ability to complete data investigations and summarize findings in a clear and meaningful way.

+ Proven leadership experience including ability to facilitate project and process improvements across a large organization.

+ Strong technical skills (particularly strong skills on MS Excel).

+ Independent critical thinking, problem-solving and decision making talents.

+ Ability to work under pressure, prioritize, multitask, and bring tasks to complete closure.

+ Organized and able to execute responsibilities with minimal supervision.

+ Strong written and verbal communication skills with ability to prepare executive level presentations.

Preferred Qualifications, Skills, and Capabilities:

+ Experience with SQL, Python\\VBA, or data visualization tools such as Tableau are a plus.

+ Bachelors Degree

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans

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Job Posting: JC256985236

Posted On: Mar 17, 2024

Updated On: May 18, 2024

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