JPMorgan Chase Corporate CIO Treasury – Securities Asset Class - Associate in Jersey City, New Jersey
The Liquidity Risk Infrastructure Project is a multi-year, firm-wide initiative to achieve a world class liquidity risk management capability. The project will also develop an accurate, controlled and automated set of liquidity management regulatory reporting. Our target operating model for liquidity risk management includes:
Liquidity regulatory reporting, both global and local
Management analytics (stress testing, scenario analysis, ad-hoc analysis, etc)
Management reporting (liquidity metrics, liquidity limits, ratios and reports, etc.)
Available collateral management
Allocation of liquidity costs (funds transfer pricing, long-term debt spread, FDIC charges, etc.)
Regulatory reporting currently covers the firm's Fed’s 5G report, the US Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR), the European Banking Authority’s (EBA) LCR, APAC Regional LCRs and internal Stress Scenario reporting. The project will be extended to cover other liquidity and related regulatory reporting. To meet these objectives, the project will create a detailed repository of liquidity data firm-wide with advanced analytical tools to enable all liquidity risk management analysis.
As an integral member of the LRI Asset Class lead team, this position will report directly to the Asset Class manager for the products that they are supporting. The role’s primary focus will be to provide support and be responsible for Securities, Secured Financing and Structured Notes. This will include, but is not limited to, root cause analysis, gathering new or modified requirements, system gap analysis, data analysis, measuring materiality, managing testing, defect reporting and resolution, stakeholder prioritization and design and implementation of operating models. In addition, the role will require extensive Line of Business, LRO, CTMO and LPRM communication and validation of any product updates.
Key Responsibilities include:
Analysis of trading book / banking book data for implementation across a suite of regulatory and internal management reports, analyzing the prescribed regulatory requirements when necessary.
Identify key data quality issues and drive remediation with technology teams across LRI, FRW and upstream source systems.
Collaborate with Liquidity Risk Policy, Oversight, Middle Office and technology teams to identify gaps, understand and implement requirements. Explore and offer innovative tactical and strategic solutions to address changes and data gaps.
Work with LRI and LOB project teams on product development and management, including business model enhancements, regulatory rule changes, product consistency and leveraging the LRI system and data for other firm initiatives.
Produce and present scorecards to senior management around project status, issues and risks
Participate in the creation or review of Business Requirements Documents and Functional Specifications.
Assist in application tool development and refinement including redesign adjustment functionality within LRI and the data analytics tool.
Facilitate and/or participate in user acceptance testing of the product, proactively identifying issues and tracking through to resolution.
The candidate must be a self starter, able to work in a fast paced and results driven environment with minimal oversight. The candidate is required to have excellent communications skills and possess a strong sense of accountability and responsibility.
Minimum of 5 years hands-on experience in the business/finance environment in financial industry
Understanding of data processing and project management, a plus
Experience in Banking industry; Business analysis, Project management or Treasury background is a plus
Strong analytical, data management and problem solving skills
Must be able to analyze and draw conclusions from large amounts of data in Excel
Attention to detail and strong analytical and problem solving skills are a must
Team player with the ability to manage competing demands in a fast paced environment.
Ability to grasp large amounts of information, and a curiosity to ask appropriate questions to fully develop business and functional requirements
Ability to interface with cross-functional teams
Excellent verbal and written communication skills
Detailed knowledge of all or any of the products required.
o Commitments Products and operational processes in CRI
o Client (Prime Brokerage) Products traded and operational processes of a large global bank
o Banking Products like deposits, borrowing, cash and loans
o Securities and Securities Financing
- Advanced computer skills, particularly in Excel, Power Point, Visio and SQL is a plus
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.