CIO – CTC Risk – Legal Entity Liquidity Risk Oversight -Associate/VP

Job description

CIO, Treasury, and other Corporate (CTC) Risk — Liquidity Risk Oversight — Associate
 
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 manages the risk of the retained portfolio generated from the Chief Investment Office, Global Treasury, and “other” Corporate businesses (firmwide Pension Plan, Insurance programs, and Mortgage Servicing Rights).  The CTC Chief Risk Officer (CRO) reports to the firmwide CRO and is responsible for the end to end risk framework within the CTC LOBs including, but not limited to, Market Risk, Credit Risk, Liquidity Risk, Structural Interest Rate Risk, Reputation Risk, Country Risk, Principal Risk, and Model Risk.  
Description
CTC seeks to hire a risk professional to join its Liquidity Risk Oversight function. This individual will focus on liquidity risk related matters for UK legal entities, including liquidity monitoring, metric development, stress testing, policy design and risk management. The independent liquidity risk oversight group works 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 significant visibility to senior management.

Specific responsibilities:
·  Provide an independent oversight to Treasury’s adherence to the liquidity risk framework
·  Assessment and control of liquidity risk for EMEA region and corresponding legal entities
·  Establish risk governance framework including policy review, limit monitoring, standards, and best practices
·  Develop key risk analytic reports for senior treasury management, business partners, various risk committees and regulators.
·  Provide independent review of regulatory and internal stress scenarios, including analytical review of key market and behavioral assumptions and management of ad hoc analysis
·  Development and execution of liquidity stress analysis and reporting around legal entity views, currency views and structural liquidity views
·  Play a key role in the development and build-out of the liquidity risk oversight  process and infrastructure
·  Develop proposals for new liquidity risk monitoring, metrics and stress tests.
·  Interact and partner with Business Units and other corporate functions in order to obtain, understand, analyze and draw conclusions with respect to potential liquidity risks implications.
·  Deal with regulatory requests regarding liquidity risk.
Qualifications
·  2-3 years of Risk Management Experience in any of the following experience in risk management in any of the following: Liquidity risk, Treasury, Market risk or direct front office experience
·  Excellent analytical and critical thinking skills, as well as a high level of self-initiative required, including an ability to balance and execute multiple projects at once and deliver results under tight time constraints
·  Understanding of stress testing, various return measures and experience with stress construction
·  Understanding of fixed income market, including cross currency swaps, interest rates swaps, and basis risk
·  Demonstrated effectiveness working independently and in multi-disciplinary teams
·  Excellent oral and written communication skills
·  Easily able to build credibility with senior managers and garner support for new business initiatives
·  Demonstrated ability to work effectively with attention to detail across different businesses and functional areas
·  Understanding of the governance and controls surrounding treasury functions and liquidity risk monitoring preferred

Education: An undergraduate degree is required.

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package.

JPMorgan Chase & Co. is an Equal Opportunity and Affirmative Action Employer, M/F/D/V

About J.P. Morgan’s Corporate & Investment Bank

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.  Further information about J.P. Morgan is available at www.jpmorgan.com .

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.