1+ months

CTC Risk - Interest Rate Risk in Banking Book (IRRBB) - Analyst/Associate

London, MI 48159
  • Job Code
    210355104

CTC Description

The Firm™s Corporate Treasury function and the Chief Investment Office (together referred to as œTreasury/CIO) manage the Firm™s balance sheet. This includes activities such as:

  • Deploying the Firm™s excess liquidity
  • Managing the Firm™s funding and liabilities
  • Managing the Firm™s structural interest rate and foreign exchange risk
  • Managing the Firm™s liquidity risk and its regulatory compliance

Function Description

CTC Risk seeks to hire a risk manager to join its Interest Rate Risk and FTP Risk Management (IRRM) function. This function provides risk coverage for the Firm and Line of Business interest rate risk exposure arising from the firm™s traditional banking activities which includes the extension of loans and credit facilities, taking deposits and issuing debt (collectively referred to as ˜non-trading activities™ and also known as IRRBB Interest Rate Risk in the Banking Book), and also the impact from the CIO investment securities portfolio and other related CIO and Treasury activities. This function also provides Risk Management Oversight on the Firm™s Funds Transfer Pricing (FTP) framework including Base FTP, Liquidity Premium and Resource Allocation.

Key responsibilities include:

Risk Coverage

  • Primarily responsible for risk coverage for firmwide interest rate risk including DoE, EVS, EaR and Risk Governance for IRRM team
  • Ongoing monitoring, forward-looking analysis and strategic risk management for key measures of Interest Rate Risk such as Basis Point Value (BPV), Earnings at Risk and Economic Stress
  • Perform deep-dives on relevant IRR and FTP topics to support independent risk analysis
  • Enhance and maintain governance over IRR assumptions, provide independent challenge of changes to assumptions
  • Actively contribute and participate in LOB ALCOs (where applicable), LOB risk affirmation meetings and Risk Committees

Qualifications

  • 2+ years experience in Risk Management, Treasury or a Finance function
  • Knowledge of standard financial concepts, strong quantitative and analytical skills, critical thinking, investigative problem-solving and decision making talents
  • High level of self-initiative required, including an ability to balance and execute multiple projects
  • Understanding of the governance and controls surrounding risk monitoring
  • Demonstrated effectiveness working independently and in multi-disciplinary teams. Organized and able to execute responsibilities with minimal supervision
  • Excellent oral and written communication skills with ability to prepare executive level presentations
  • Demonstrated ability to work effectively across different businesses and functional areas
  • Understanding of Balance Sheet management, Interest Rate Risk, Funds Transfer Pricing; or Capital Markets trading environment exposure a strong plus.
  • Understanding of fixed income valuation and risk modeling
  • Knowledge of machine learning and data mining is a plus

Keyword: consumer%20banking

CTC Description

The Firm™s Corporate Treasury function and the Chief Investment Office (together referred to as œTreasury/CIO) manage the Firm™s balance sheet. This includes activities such as:

  • Deploying the Firm™s excess liquidity
  • Managing the Firm™s funding and liabilities
  • Managing the Firm™s structural interest rate and foreign exchange risk
  • Managing the Firm™s liquidity risk and its regulatory compliance

Function Description

CTC Risk seeks to hire a risk manager to join its Interest Rate Risk and FTP Risk Management (IRRM) function. This function provides risk coverage for the Firm and Line of Business interest rate risk exposure arising from the firm™s traditional banking activities which includes the extension of loans and credit facilities, taking deposits and issuing debt (collectively referred to as ˜non-trading activities™ and also known as IRRBB Interest Rate Risk in the Banking Book), and also the impact from the CIO investment securities portfolio and other related CIO and Treasury activities. This function also provides Risk Management Oversight on the Firm™s Funds Transfer Pricing (FTP) framework including Base FTP, Liquidity Premium and Resource Allocation.

Key responsibilities include:

Risk Coverage

  • Primarily responsible for risk coverage for firmwide interest rate risk including DoE, EVS, EaR and Risk Governance for IRRM team
  • Ongoing monitoring, forward-looking analysis and strategic risk management for key measures of Interest Rate Risk such as Basis Point Value (BPV), Earnings at Risk and Economic Stress
  • Perform deep-dives on relevant IRR and FTP topics to support independent risk analysis
  • Enhance and maintain governance over IRR assumptions, provide independent challenge of changes to assumptions
  • Actively contribute and participate in LOB ALCOs (where applicable), LOB risk affirmation meetings and Risk Committees

Qualifications

  • 2+ years experience in Risk Management, Treasury or a Finance function
  • Knowledge of standard financial concepts, strong quantitative and analytical skills, critical thinking, investigative problem-solving and decision making talents
  • High level of self-initiative required, including an ability to balance and execute multiple projects
  • Understanding of the governance and controls surrounding risk monitoring
  • Demonstrated effectiveness working independently and in multi-disciplinary teams. Organized and able to execute responsibilities with minimal supervision
  • Excellent oral and written communication skills with ability to prepare executive level presentations
  • Demonstrated ability to work effectively across different businesses and functional areas
  • Understanding of Balance Sheet management, Interest Rate Risk, Funds Transfer Pricing; or Capital Markets trading environment exposure a strong plus.
  • Understanding of fixed income valuation and risk modeling
  • Knowledge of machine learning and data mining is a plus

Keyword: consumer%20banking
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world™s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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. In accordance with applicable law, we make reasonable accommodations for applicants™ and employees™ religious practices and beliefs, as well as any mental health or physical disability needs.
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we™re setting our businesses, clients, customers and employees up for success.

Categories

Posted: 2022-10-19 Expires: 2023-02-15

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world.

Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries.

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CTC Risk - Interest Rate Risk in Banking Book (IRRBB) - Analyst/Associate

JPMorgan Chase & Co.
London, MI 48159

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