DESCRIPTION:
Duties: Evaluate the compliance of quantitative and qualitative processes with regulatory rules related to capital adequacy of requirements issued by the Federal Reserve Board. Review quantitative models belonging to different risk stripes from the perspective of compliance with Basel rules and other supervisory guidance from regulatory agencies with an aim to flag any potential irregularities. Collaborate with various stakeholders to ensure conformance of internal policies and procedures with regulatory expectations. Analyze and interpret changes in regulatory rules to assess their impacts in terms of regulatory capital requirements. Perform periodic assessments of the Firm's implementation of the Basel capital rules and deep dives into areas where a rule is complex or application of the rule would materially impact calculation of risk-weighted assets. Collaborate and interact with teams across the Firm to drive capital risk management and adherence to regulatory policy.
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QUALIFICATIONS:
Minimum education and experience required: Master's degree in Business Analytics, Mathematics, Computer Science, Finance, Economics, or related field of study plus 5 years of experience in the job offered or as Capital Risk Lead, Financial Risk Management VP/Senior Associate, Business Analyst, Economist/Financial Economist, or related occupation. The employer will alternatively accept a PhD in Business Analytics, Mathematics, Computer Science, Finance, Economics, or related field of study plus 3 years of experience in the job offered or as Capital Risk Lead, Financial Risk Management VP/Senior Associate, Business Analyst, Economist/Financial Economist, or related occupation.
Skills Required: This position requires three (3) years of experience with the following: owning completeness testing performed to support model implementation correctness including the robustness of numerical aspects, as well as the suitability and comprehensiveness of model's performance and risk metrics; critically evaluating the potential impact of model limitations and deviations from model assumptions from the perspective of regulatory rules compliance; comparing model outputs with empirical evidence and outputs from model benchmarks; leading the execution of direct empirical studies and statistical and data analyses; risk management with at least one of the following: (1) regulatory aspects finance, (2) project management, (3) accounting policy, (4) assessing the extent of data availability and the quality of the data that is used in RWA and Capital calculations to ensure the accuracy of key data elements, (5) audits including the participation in regulatory audits and exams and working to address any concerns or gaps raised, or (6) taking in the key elements of regulatory rulemaking, interpreting regulatory policies and assessing impacts on the organization; risk models, CCAR models, pricing models, or risk analytics; working in technology and operations on the development side or the process control side. This position requires two (2) years of experience with the following: quantitative modeling or model review in at least 1 of the following: core regulatory capital frameworks Market Risk, Wholesale Credit Risk, Retail Credit Risk, Counterparty Credit Risk.
Job Location: 4 Metrotech Center, Brooklyn, NY 11245
Full-Time. Salary: $185,658 - $209,000 per year.
ABOUT US
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
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.