The Regulatory Capital Management Office (RCMO) within Corporate Finance oversees the end-to-end risk-weighted asset (RWA) and capital measurement processes across the Firm, and helps ensure efficient and appropriate management of our capital. RCMO partners with other JPMC functions, including Risk Management, Corporate Financial Reporting and the LOBs to establish control and governance best practices and accountability for the Regulatory Capital process. RCMO is also responsible for interfacing with Regulators on capital-related issues and guiding LOBs and clients on efficient capital decisions.
The RCMO Capital Controllers team is responsible for the monitoring and oversight of the firm’s actual and forecast Capital, RWA, GSIB and Supplementary Leverage and ensuring accuracy of the capital ratios. The RCMO Capital Controllers team is also responsible for a variety of analytical exercises and project across Planning & Analysis, Capital Allocations, Strategy, and Resolution & Recovery.
Within RCMO Capital Controllers, the Controllers team is responsible for the end-to-end control environment as it relates to Capital, RWA, SLR and GSIB as well as preparation and review of all associated external reporting.
As a member of the Capital Controller’s team the individual’s responsibilities will include:
Preparation of in depth monthly and quarterly RWA analytics to enable senior management to understand key trends and drivers across capital ratios as well as forecast to actual variance analysis
Coordinate RWA review and sign-off by LOBs and ensure quality variance commentary
Develop a strong understanding of regulatory capital rules (Basel 3 Standardized and Advanced approaches) along with related ratios and metrics to enable delivery of core reporting and analysis and act as subject matter expert on RWA
Prepare and review all RWA related external reporting and disclosures (10K/Q and Pillar 3) and ensure adherence to the firm’s external reporting attestation framework
Actively pursue the resolution of RWA issues identified by partnering with relevant teams including Basel Measurement and Analytics, LOBs and Regulatory Policy to ensure compliance with Basel rules and consistent treatment of RWA across the firm
Support the BAU BIR/audit reviews, RCSA requests as well as the semi-annual Basel Quantitative Impact Studies (QIS)
Respond to ad-hoc analytical requests from key partners such as Firmwide Regulatory Reporting and Analysis, LOBs, Corporate Financial Reporting, Regulatory Policy as well as senior management
Prepare materials and present at the monthly firm wide Basel Capital Controllers Committee meeting
Assist in firmwide initiatives to ensure delivery of a consistent and sound operating model as it applies to the production of RWA and compliance with the Basel Regulatory Capital framework across the firm by developing and syndicating guidelines documents
Support automation initiatives pertaining to RWA reporting and attestation to ensure the design and build requirements meet business needs
The position involves interaction with many teams across RCMO and the firm including LOB and Corporate finance functions, BM&A, regulatory policy, audit, and technology. The ability to work efficiently, communicate effectively and influence across these boundaries will be one of the keys to success.
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