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Risk Management - Capital Risk Senior Associate
senior · Corporate Finance
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 Job Title in Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient.. CRM is responsible for the independent assessment, measurement, monitoring, and control of capital risk across the firm. The Capital Risk Policy (CRP) team conducts independent assessments of JPMC’s regulatory framework to ensure compliance with applicable U.S. Basel rules and relevant regulatory guidance. CRP’s assessments are integral to the firm’s compliance with the Basel Coordination Committee’s Bulletin 13-3, ‘Guidance for Independent Verification of a Banking Organization’s Advanced Approaches Systems’. CRP’s reports are provided to Senior Management, Independent Risk Management, and U.S. regulators.
Job Responsibilities
- Leverage expertise in applicable regulatory rules and supervisory guidance to draw key requirements for use in assessments.
- Demonstrate experience in one or more of the core regulatory capital Pillar I frameworks: Retail Credit Risk, Wholesale Credit Risk, Counterparty Credit Risk, Market Risk, and Credit Valuation Adjustment (CVA).
- Exhibit expertise in regulatory policies, particularly with respect to the US Basel III final rule and upcoming Basel III Endgame rules, and capital processes.
- Evaluate and challenge the first line’s (1LOD) proposals regarding product-specific rule interpretations, ensuring conceptual soundness and adherence to regulatory requirements along with analyzing the impact from a capital perspective.
- Conduct review of Basel capital models to ensure compliance with the applicable rule requirements and coordinate with different stakeholders to assess action plans designed to address any gaps.
- Liaise with different stakeholders from business, model developers, risk, finance, and reporting teams as an SME on Basel rule requirements to perform exhaustive assessments.
- Review the firm’s advanced systems and RWA calculation engines to assess compliance with applicable rules and regulations.
- Engage in comprehensive deep-dive analyses on topical and impactful themes for presentation to senior management.
Drive process improvements and automations and develop new analytical capacities leveraging AI, LLM, etc.
Required Skills, Experience, and Qualifications
- Strong quantitative and analytical skills: The role requires a strong quantitative background based on a Bachelor’s or Master’s degree in a quantitative
- discipline such as Math, Statistics, Economics, Finance, Engineering, or related fields.
- In-depth understanding of the Basel rule requirements applicable for regulatory capital models, estimation of RWA, capital, etc.
- 5+ years of experience working in a financial services institution or a management consulting firm focusing on regulatory frameworks like Basel, CCAR, DFAST, CECL for large banks.
- Strong analytical skills with the ability to develop thesis, clearly present ideas and draw appropriate conclusions.
- Background in risk management with a good understanding of identifying relevant risk drivers to focus on for different asset classes.
- Excellent oral and written communication skills with ability to explain technical concepts in practical terms.
- Strong analytical skills with the ability to develop thesis, clearly present ideas and draw appropriate conclusions.
- Demonstrate high ownership, self-starter attitude, ability to work independently and prioritize key tasks effectively.
- Strong capability to navigate complex financial systems and processes.
Preferred Skills, Experience, and Qualifications
- Competence in developing or reviewing Retail and Wholesale credit risk models.
- Knowledge of the Basel III Endgame proposal.
- Experience in one or more of the following areas: capital policy, risk management, risk analytics, and audit.