1+ months

CTC (CIO, Treasury & Corporate) Risk – Interest Rate Risk Management - Associate

JPMorgan Chase & Co.
New York, NY 10007
  • Job Code
    190071096

CTC (CIO, Treasury & Corporate) Risk – Interest Rate Risk Management - Associate

Req #: 190071096
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: US Dollar (USD)

CTC (CIO, Treasury & Corporate) Risk – Interest Rate Risk Management (VP)

 

Firm Description

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, 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.

 

CTC Description

The Firm’s Corporate Treasury function and the Chief Investment Office (together referred to as “Treasury/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 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 Line of business interest rate risk, Funds Transfer Pricing (FTP), 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
  • Participate in governance process for the Funds Transfer Pricing (FTP) process; including base ftp, liquidity premium, resource allocation
  • Continue to enhance Risk Management framework for FTP framework within CIB Treasury, with specific focus on CIB Markets business

Risk Governance

  • Maintaining and update policies and procedures
  • Lead for IRR related obligations (OLO Program)
  • Lead assumptions governance, as well as ALM Forum governance
  • Establish and monitor limit framework at Line of business level
  • Support efforts in ensuring adherence to Regulatory guidance for IRR and FTP
  • Actively participate in RCSA, updates to DRPC and other control related items

 

Qualifications

  • 5+ years experience in Trading, Risk Management, Treasury or a Finance function
  • People Management experience a plus
  • Knowledge of standard financial concepts, strong 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.


Keyword: consumer%20banking

Categories

Posted: 2019-10-30 Expires: 2019-12-14

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CTC (CIO, Treasury & Corporate) Risk – Interest Rate Risk Management - Associate

JPMorgan Chase & Co.
New York, NY 10007

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