1+ months

CCB Resolution & Recovery Planning Manager- Executive Director

New York, NY 10007
  • Job Code
    210319974

Resolution & Recovery Background:

The Dodd-Frank Act requires large, systemically important financial institutions such as JPMorgan to submit Board-approved Resolution & Recovery Plans (RRPs, a.k.a. Living Wills) to US Regulatory Agencies - Federal Reserve Bank and Federal Deposit Insurance Corp (œagencies) on a required cadence of a full resolution plan submission (all required elements) and a targeted resolution plan which includes certain core elements and specific focus areas identified by the agencies. Resolution Plans need to demonstrate how JPM would be resolved in an orderly way (i.e., without causing a major market disruption), if the company ever became bankrupt. Recovery Plans need to demonstrate how the firm would recover if the firm were to experience significant decreases in capital and liquidity because of a severe, crisis event. These plans are a strategic priority for the firm.

Team Overview:

The CCB Resolution & Recovery team (CCB R&R PMO) is responsible for the governance, oversight, effective implementation of CCB related R&R programs and corresponding deliverables resulting in the submission to U.S. regulators. The team also coordinates across CCB for ad hoc responses in addition to planned regulatory requests. CCB R&R PMO partners extensively with all lines of businesses within CCB including Controllers, CFOs, Treasury and all functional support areas to oversee, control, and deliver on this program. The team acts as thoughtful leaders and coordinates CCB responses to the everchanging landscape requiring a deep understanding of products and business drivers.

Position Description:

As the manager of this team, you will drive the Resolution and Recovery agenda and be responsible for all aspects of planning, execution, and new requirements. You will be responsible for managing delivery of key content required in the Title I, Insured Depository Institution (IDI) and Recovery Plan submissions. This includes engagement with identified key CCB deliverable owners (including Resolution Plan Owners, Critical Operations Leads and Object of Sale Leads), Firmwide Resolution & Recovery Teams, CCB Treasury, Legal, and others to ensure timely delivery of the CCB Resolution Plans. This position requires an individual to act with urgency to ensure issues are identified, raised, and resolved to meet designated timelines. You™ll be responsible for driving high standards and best practices across the various key deliverables associated with plan development and review. You will have opportunities to engage and present to Senior Management.

Role Responsibilities:

  • Develop a deep understanding of Resolution and Recovery planning processes, with a focus on all CCB deliverables including business plans, divestiture playbooks, pro forma financial statements and liquidity and capital analysis
  • Formulate strategic direction to accomplish Title I, IDI and Recovery Plan deliverables and new requirements
  • Understand business changes, determine impact on the various components of the plans and update as necessary
  • Act as Subject Matter Expert and present the plan to senior stakeholders
  • Proactively lead discussions to resolve issues
  • Assess risks and escalate issues, as appropriate and collaborate across many business and functions
  • Continue to evolve and enhance the governance and operating model for Plan submission
  • Perform Quality Control review of the CCB plans

This role is best suited to candidates with project management experience, as well as an understanding of CCB products and lines of business (Consumer Banking, J.P. Morgan Wealth Management, Business Banking, Home Lending, Credit Card, Auto)

This role provides unique opportunity to manage a large scale key regulatory deliverable for CCB and a solid platform, profile, and brand.

Qualifications:

  • 10+ years of relevant experience with a comparable financial services company, including demonstrated track record working on similar large-scale projects
  • Project management experience
  • In-depth knowledge of consumer businesses (Consumer Banking, Business Banking, Home Lending, Credit Card, Auto), operations, financial infrastructure, risk management and legal & regulatory governance structures
  • Self-motivated with the ability to make decisions in the absence of detailed instructions
  • Strong quantitative and qualitative analytical skills; ability to synthesize data from many sources, design and draw persuasive conclusions for plans and presentation to CCB and firm-wide executive management
  • Knowledge of Resolution & Recovery planning preferred
  • Requires strong communication & diplomacy skills to guide and influence others
  • Demonstrated ability to manage competing priorities in a dynamic environment
  • Experience managing individuals including individuals that are not under direct supervision

Keyword: home%20lending

Resolution & Recovery Background:

The Dodd-Frank Act requires large, systemically important financial institutions such as JPMorgan to submit Board-approved Resolution & Recovery Plans (RRPs, a.k.a. Living Wills) to US Regulatory Agencies - Federal Reserve Bank and Federal Deposit Insurance Corp (œagencies) on a required cadence of a full resolution plan submission (all required elements) and a targeted resolution plan which includes certain core elements and specific focus areas identified by the agencies. Resolution Plans need to demonstrate how JPM would be resolved in an orderly way (i.e., without causing a major market disruption), if the company ever became bankrupt. Recovery Plans need to demonstrate how the firm would recover if the firm were to experience significant decreases in capital and liquidity because of a severe, crisis event. These plans are a strategic priority for the firm.

Team Overview:

The CCB Resolution & Recovery team (CCB R&R PMO) is responsible for the governance, oversight, effective implementation of CCB related R&R programs and corresponding deliverables resulting in the submission to U.S. regulators. The team also coordinates across CCB for ad hoc responses in addition to planned regulatory requests. CCB R&R PMO partners extensively with all lines of businesses within CCB including Controllers, CFOs, Treasury and all functional support areas to oversee, control, and deliver on this program. The team acts as thoughtful leaders and coordinates CCB responses to the everchanging landscape requiring a deep understanding of products and business drivers.

Position Description:

As the manager of this team, you will drive the Resolution and Recovery agenda and be responsible for all aspects of planning, execution, and new requirements. You will be responsible for managing delivery of key content required in the Title I, Insured Depository Institution (IDI) and Recovery Plan submissions. This includes engagement with identified key CCB deliverable owners (including Resolution Plan Owners, Critical Operations Leads and Object of Sale Leads), Firmwide Resolution & Recovery Teams, CCB Treasury, Legal, and others to ensure timely delivery of the CCB Resolution Plans. This position requires an individual to act with urgency to ensure issues are identified, raised, and resolved to meet designated timelines. You™ll be responsible for driving high standards and best practices across the various key deliverables associated with plan development and review. You will have opportunities to engage and present to Senior Management.

Role Responsibilities:

  • Develop a deep understanding of Resolution and Recovery planning processes, with a focus on all CCB deliverables including business plans, divestiture playbooks, pro forma financial statements and liquidity and capital analysis
  • Formulate strategic direction to accomplish Title I, IDI and Recovery Plan deliverables and new requirements
  • Understand business changes, determine impact on the various components of the plans and update as necessary
  • Act as Subject Matter Expert and present the plan to senior stakeholders
  • Proactively lead discussions to resolve issues
  • Assess risks and escalate issues, as appropriate and collaborate across many business and functions
  • Continue to evolve and enhance the governance and operating model for Plan submission
  • Perform Quality Control review of the CCB plans

This role is best suited to candidates with project management experience, as well as an understanding of CCB products and lines of business (Consumer Banking, J.P. Morgan Wealth Management, Business Banking, Home Lending, Credit Card, Auto)

This role provides unique opportunity to manage a large scale key regulatory deliverable for CCB and a solid platform, profile, and brand.

Qualifications:

  • 10+ years of relevant experience with a comparable financial services company, including demonstrated track record working on similar large-scale projects
  • Project management experience
  • In-depth knowledge of consumer businesses (Consumer Banking, Business Banking, Home Lending, Credit Card, Auto), operations, financial infrastructure, risk management and legal & regulatory governance structures
  • Self-motivated with the ability to make decisions in the absence of detailed instructions
  • Strong quantitative and qualitative analytical skills; ability to synthesize data from many sources, design and draw persuasive conclusions for plans and presentation to CCB and firm-wide executive management
  • Knowledge of Resolution & Recovery planning preferred
  • Requires strong communication & diplomacy skills to guide and influence others
  • Demonstrated ability to manage competing priorities in a dynamic environment
  • Experience managing individuals including individuals that are not under direct supervision

Keyword: home%20lending

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CCB Resolution & Recovery Planning Manager- Executive Director

JPMorgan Chase & Co.
New York, NY 10007

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