13 days old

CIB F&BM Resolution & Recovery Workstream Lead - Associate

JPMorgan Chase & Co.
Brooklyn, NY 11201
  • Job Code
    190095167

CIB F&BM Resolution & Recovery Workstream Lead - Associate

Req #: 190095167
Location: Brooklyn, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: US Dollar (USD)

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.


The Corporate & Investment Bank (CIB) Finance and Business Management (F&BM) group provides financial advice to support the CIB’s business strategy and helps to ensure a sound control environment. Within F&BM, the four major areas of responsibility are: Business-aligned BMs (Business Managers), the CIB Controller, Support Staff CFO, and Planning and Analysis.

Overview

The CIB Resolution & Recovery (R&R) Team is part of CIB Controllers. Its mission is to oversee and, ultimately, deliver the CIB’s contributions to JPMorgan Chase’s Recovery and Resolution Plans, required by the US and international regulators.


The Dodd-Frank Act (US regulation) requires large, systemically important financial institutions such as JPMorgan Chase to submit Board-approved Resolution Plans (a.k.a. Living Wills) to US regulators. US federal regulation also requires JPMorgan Chase to submit Recovery Plans to the regulators. 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 as a result of a severe crisis event. These plans are a strategic priority for the firm as failure to produce comprehensive, credible plans could lead to more stringent capital, leverage, or liquidity requirements, and, ultimately, to possible firm-wide structural/organizational changes. Similar regulatory requirements exist in the UK and other European and Asian jurisdictions.


The CIB R&R Team plans, manages, controls, and delivers the CIB’s contributions to JPMorgan Chase’s Recovery and Resolution Plans.


Position Description

JPMorgan Chase is seeking an Associate to join the CIB Resolution & Recovery Team. The Associate will coordinate the delivery of Resolution and Recovery Plan narratives (quantitative and qualitative descriptions of key components of JPMorgan Chase from an R&R perspective). The Associate will also provide leadership to the Separability Workstream, Critical Services efforts, and project management activities.


Key aspects of the role involve:
• Managing Sub-Line of Business (Sub-LOB) deliverables from a global coordination standpoint, including project management (e.g., manage working group calls, provide guidance on regulatory deliverables) and ensuring high-quality regulatory submissions and analyses
• Managing Recovery deliverables for U.S./Global Recovery Plan submissions, including project managing sub-workstreams and performing quantitative and qualitative analyses, as needed
• Managing Separability Workstream, which include the Divestiture Playbooks and Data Rooms, as well as coordinating Object of Sale valuations
• Managing Critical Services quantitative analyses and qualitative descriptions
• Delivering ad-hoc analysis and various BAU requirements for CIB R&R

Responsibilities
Success in this role requires effective performance in the following responsibilities:
• Business Results
      o Create and manage program-level schedules in a complex project environment
      o Proactively analyze risks and issues, establish contingency plans, and identify trigger events 

         and responsibility for initiating mitigating action
      o Perform critical path analysis and work with workstreams to develop timelines for          

         completion of activities

      o Analyze actual performance against the plan and make adjustments consistent with plan 

         objectives
• Client/Customer/Stakeholder
      o Understand, communicate and ensure clarity across all resources on R&R content and 

         contribution to R&R project deliverables
      o Provide direction to CIB business partners in order to meet delivery objectives
      o Ensure management is kept informed of impacts to project schedule
      o Develop and deliver presentations to broad/senior groups
• Teamwork and Leadership
      o Contribute to a highly positive and collaborative team culture
      o Contribute to an environment that enables peak performance
      o Interface with team members to ensure implementation of standards, processes and support 

         services
      o Share and maintain knowledge with the team to promote knowledge-sharing across the 

         global team
• Risk, Controls and Conduct
      o Identify key risks and implement related controls around regulatory submission and analyses 

         related to Resolution & Recovery
      o Take ownership of the deliverables within the team as timely escalate any risks as 

         appropriate

Required
• Bachelors' degree required
• 3-6 years of experience in financial services
• Highly effective oral and written communications skills
• Experience in planning, coordinating, and delivering results across multiple teams and interdependencies
• Strong analytical and control competencies to facilitate production, review, and sign-off of complex financial outputs
• Ability to influence and build strong relationships with people at varying levels across the organization

Desirable
• Knowledge and experience of investment banking, trading, derivatives, and shared services
• Experience and/or familiarity with development of Resolution and Recovery Plans or other regulatory initiatives/deliverables
• Advanced Microsoft PowerPoint and Excel skills

Keyword: consumer%20banking

Categories

Posted: 2019-11-05 Expires: 2019-12-05

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CIB F&BM Resolution & Recovery Workstream Lead - Associate

JPMorgan Chase & Co.
Brooklyn, NY 11201

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