Liquidity Risk Management - Associate
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 an Associate in 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.
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In this role, you will interact and partner with business units, corporate treasury, and other risk stripes, to obtain, understand, analyze, and draw conclusions with respect to potential liquidity risk implications within the firm's businesses. You will continuously assess emerging risks to Firm's liquidity by monitoring evolving short-term funding markets and present conclusions to senior management.
Job Responsibilities
- Identify, assess, and monitor liquidity risks related to the firm's trading activities (prime brokerage, secured funding, derivatives)
- Provide effective independent risk challenge and oversight on business units and liquidity management teams
- 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.
- Undertake analysis of balance sheet changes to assess liquidity risk impacts and provide independent viewpoint through daily/weekly risk commentary and assessments
- 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 5+ years of experience in banking industry across treasury, liquidity risk, market risk and/or trading products
- Strong analytical, investigative problem-solving, and decision-making skills. Comfortable with detailed independent analysis, critical thinking and strong ability to challenge status-quo
- Excellent communication skills, particularly in explaining technical concepts.
- Proficiency in Excel and PowerPoint.
- Familiarity with automated solutions, such as Alteryx, Python, or desire to learn
- Understanding of the governance and controls surrounding risk monitoring including, stress testing, limits and indicators, and ongoing monitoring
- Second line risk mindset with either ability to independently and objectively form an opinion or undertake analysis that contributes to such opinion formation
Preferred qualifications, capabilities, and skills
- Experience in Liquidity Risk management with a wide range of experience with quantitative, financial and risk management techniques & systems is preferred
- Prior experience in second line risk management or an inclination to pursue a career in second line risk management is a strong plus
- Understanding of qualitative model documentation and being able to write independent reviewer observations is a strong plus
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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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.