Chief Investment Office , Treasury and Corporate (CTC) Risk manages the risk of the retained portfolio generated from the Chief Investment Office (CIO), Global Treasury, and “other” Corporate businesses (Firm-wide Pension Plan, Insurance programs, and Mortgage Servicing Rights).
The CIO manages the firm's structural interest rate and foreign exchange risks, and conservatively invests the firm’s excess deposits. Interest rate risk is managed primarily via investment securities and interest rate derivatives as tools to manage the firm's asset liability mismatch. The firm’s non-USD foreign exchange risk is managed through specifically defined hedging mandates. The CIO also manages the JP Morgan Retirement Plan and hedges the firm's Mortgage Servicing Rights.
Treasury manages the firm’s capital, balance sheet, liquidity and funding strategy and positions, including short dated and secured funding, debt and capital issuance and buybacks, and liquidity risk management, as well as the company’s rating agency relationships and corporate insurance activities.
The CTC Chief Risk Officer (CRO) reports to the Firmwide CRO and is responsible for the end to end risk framework for the CTC line of business; including, but not limited to, Market Risk, Credit Risk, Liquidity Risk, Interest Rate Risk, Operational Risk, Pensions and BOLI COLI, Country Risk, Principal Risk, and Model Risk.
CTC Risk is also responsible for Firmwide Liquidity Risk and Interest Rate Risk Management.
CTC seeks to hire a risk professional to join its analytics function supporting the Liquidity Risk function. The position offers the opportunity to participate in all risk related matters (including monitoring, reporting, forecasting).
Working in Risk Management will give the successful candidate the opportunity to work alongside risk management professionals at all levels and exposure to senior portfolio managers in an area of the Firm that covers the spectrum of asset classes and financial products. It is an ideal location in the Firm to obtain broad perspective of Firmwide risk management decisions. The position also offers opportunities for significant visibility to senior management.
An undergraduate degree is required; advanced degree in finance or a related quantitative field is desirable.
- MBA from a top tier school or professional qualification in Accountancy; excellent academic record
- Strong analytical and critical thinking skills, as well as a high level of self-initiative required, including an ability to balance and execute multiple projects at once and deliver results under tight time constraints
- Understanding of instruments at various levels in the capital structure
- Understanding of the governance and controls surrounding risk monitoring including, stress testing, various return measures and experience with stress construction
- Understanding of fixed income market, including cross currency swaps, interest rates swaps, and basis risk
- Excellent oral and written communication skills
- Demonstrated ability to work effectively and independently across different businesses and functional areas
- Ability to work under pressure
- Strong critical thinking skills, with thorough attention to detail
- Strong technical skills in Excel, Access, VBA and Bloomberg
- Provide an independent oversight to Treasury’s adherence to the liquidity risk framework
- Develop key risk analytic reports for Treasury senior management, business partners, various risk committees and regulators. Due diligence and attention to detail is critical
- Provide independent review of regulatory and internal stress scenarios, including analysis on key market and behavioral assumptions and management of ad hoc analysis
- Support efforts on development and execution of liquidity stress analysis and reporting around stressed capital impacts, legal entity views, currency views and structural liquidity views
- Play a role in the development and build-out of the liquidity risk management process and infrastructure
- Develop and evaluate proposals for new liquidity risk monitoring, metrics and stress tests
- Interact and partner with Business Units and other corporate functions in order to obtain, understand, analyze and draw conclusions with respect to potential liquidity risks implications