This role provides an opportunity to demonstrate your strong leadership, organizational and quantitative capabilities, as you will be responsible for the management of liquidity risk, interest rate risk and credit spread risk in the banking book for JP Morgan's main EU legal entity, which on a standalone basis ranks as one of the largest banks in Germany. The position supports senior risk committees in the region, and influences practices across the organization.
As a Head of EU Asset & Liability Management (ALM) Risk within Risk Management and Compliance team, you will be at the center of keeping JPMorgan Chase strong and resilient. You will 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. Reporting locally to the JPMSE Chief Risk Officer (CRO) and functionally to the Head of International ALM Risk, you will be responsible for liquidity risk, interest rate risk in the banking book (IRRBB), and credit spread risk in the banking book (CSRBB) in JPMSE including risk monitoring, metric development, reporting, and governance.
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Job responsibilities
- Lead the multi-location EU ALM Risk team
- Define, establish and enhance risk frameworks for liquidity risk, interest rate risk in the banking book (IRRBB) and credit spread risk in the banking book (CSRBB) coverage of EU legal entities
- Provide independent oversight of corporate and line of business treasury adherence to the liquidity, IRRBB, and CSRBB frameworks
- Establish an appropriate control and limit framework including approving limits and indicators and developing risk monitoring, metrics, stress tests, governance and reporting.
- Deliver new initiatives for the risk stripe, e.g., implementation of new regulatory requirements such as Climate Risk, ongoing development of CSRBB, supporting new business activities
- Develop and maintain models e.g., for use in capital allocation
- Conduct bespoke stress testing and ad-hoc analysis and deep dives on legal entity balance sheets and broader topics relevant to liquidity risk, interest rate risk, credit spread risk and funds transfer pricing.
- Act as primary contact point for regulatory and audit interactions on JPMSE related ALM Risk
- Escalate to senior management, up to the Board of Directors, as required
Required qualifications, capabilities, and skills
- Proven track record of risk expertise in ALM Risk, Market Risk or a related quantitative area
- Extensive experience building and managing risk frameworks at large financial institutions
- Good people leadership skills and track record of leading a team
- Demonstrated ability to partner effectively across different businesses and functional areas
- Understanding of financial markets and current events, and a demonstrated ability to infer the relevance and impacts for the entity, and the firm
- Substantial experience in building relationships and managing interactions with regulators and auditors
- Excellent oral and written communication skills, with an ability to develop and deliver effective presentations to senior management
- Demonstrated ability to drive innovation through improved processes and the creation of automated solutions
- Strong critical thinking skills, with thorough attention to detail
- Bachelor's/Master's Degree in a quantitative field
Preferred qualifications, capabilities, and skills
- Working knowledge of EBA guidelines and requirements as they pertain to risk management.
- Knowledge of / experience with behavioral assumptions underlying IRRBB
- Knowledge of / experience with secured funding, derivatives, or prime brokerage
- Knowledge of / experience with climate and environmental risk
- Experience interacting with the European Central Bank
ABOUT US
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
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.