J.P. Morgan

Risk Management - Liquidity Risk Management - Vice President

6 days ago

PayCompetitive
LocationNew York/New York
Employment typeFull-Time

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  • Job Description

      Req#: 210642948

      Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

      As a Vice President within the Risk Management team, you will collaborate with various business units, corporate treasury, and other risk divisions to gather, comprehend, analyze, and infer potential liquidity risk implications within the firm's operations. You will be responsible for continuously evaluating emerging risks to the firm's liquidity by monitoring the evolving short-term funding markets and presenting your findings to senior management.

      Job Responsibilities

      • Identify, assess, and monitor liquidity risks related to the firm's activities
      • Provide effective independent risk challenge and oversight on business units and liquidity management teams
      • Undertake analysis of balance sheet changes to assess liquidity risk impacts and provide risk view on day-to-day and longer-term changes in internal liquidity stress scenarios and regulatory prescribed liquidity scenarios (liquidity coverage ratio, net stable funding ratio)
      • Review liquidity forecasts to assess reasonableness and adequacy and to highlight issues and areas of improvement to Treasury and senior management
      • Monitor balance sheet through limits and indicators that are designed to control and monitor liquidity risk
      • Develop and present material for risk committees.
      • Fulfil regulatory requests pertaining to liquidity risk for independent risk management.
      • Articulate key evolving risks to senior management in easy to understand manner.
      • Be involved in second line review and challenge of requirements such as change management, user testing, data and controls review and other matters that impact liquidity risk for product coverage area

      Required qualifications, capabilities, and skills

      • Minimum 7 years of experience in banking industry across treasury, liquidity risk, market risk and/or trading of fixed income products
      • Understanding of liquidity risk concepts and requirements. Understanding of balance sheet analysis for global banks across traditional banking and complex non-banking products
      • Understanding of the governance and controls surrounding risk monitoring including, stress testing, limits and indicators, and ongoing monitoring
      • Strong grasp of basic financial theory and accounting principles
      • Working knowledge of Excel and PowerPoint
      • Effective verbal and written communication skills and strong attention to detail
      • Bachelor's degree in Finance, Economics, Mathematics or related discipline required

      Preferred qualifications, capabilities, and skills

      • Experience in Liquidity Risk management with a wide range of experience with quantitative, financial and risk management techniques & systems preferred
      • Experience with stress testing preferred
      • Deep understanding of product knowledge and how it impacts liquidity risks (e.g. deposits, prime brokerage, secured funding, derivatives etc) is a strong plus
  • About the company

      J.P. Morgan is a leader in financial services, offering solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years. Our business has been built upon our core principle of putting our clients'​ interests first.

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