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Regulatory Capital Management Office (RCMO) – Corporate Capital Stress Testing, Program Manager – Vice President

Req #: 170107501
Location: Brooklyn, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 5000 US Dollar (USD)

 JPMorgan Chase & Co (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.comwww.jpmorganchase.com

 

The Regulatory Capital Management Office (“RCMO”), within Corporate Finance, is an organization that oversees capital related functions across the Firm, focusing on regulatory and internal capital management.

 

RCMO’s primary objective is to establish control and governance, best practices and accountability for the regulatory capital process. The groups within RCMO are responsible for:

  • Managing the Firmwide Capital Stress Testing process

  • Ensuring efficient and appropriate management of the Firm’s capital

  • Interfacing with Regulators on capital-related issues

  • Overseeing the end-to-end risk-weighted asset (“RWA”) and capital measurement processes across the Firm

  • Guiding Lines of Business (“LOBs”) and clients on efficient capital decisions

 

The Corporate Capital Stress Testing (CCST) group is responsible for managing the Firmwide capital stress testing processes.  As the owner of the firm’s internal capital adequacy assessment process (“ICAAP”) as well as the Federal Reserve-mandated Comprehensive Capital Analysis & Review (“CCAR”), CCST partners with lines of business, Finance and Risk management functions to prepare JPMC’s Capital Plan to demonstrate capital strength under stress conditions in order to distribute capital in the coming year.  The group is also responsible for managing the firm’s communications with regulators on capital planning and stress testing, including providing feedback to Supervisory agencies on new regulatory requirements.  In addition, CCST is involved in the centralized Firmwide effort to identify opportunities for capital efficiencies. 

 

Role and Responsibilities

The CCST Program Management team focuses on governance, communication and execution of controls for the Firm’s capital stress testing exercises and end-to-end strategic capital planning framework.  This role will report into the Lead Program Manager and offers significant visibility to senior management and into numerous strategic capital planning initiatives.  A successful candidate will be expected to possess or become a subject matter expert on the capital stress testing supervisory requirements and how the various parties within the Firm collectively meet those requirements. Key responsibilities include:

  • Preparing senior level communications and meeting materials

  • Leading discussions among the LOBs to help reach consensus and consistency to ensure supervisory deadlines and commitments are met

  • Facilitating Supervisory requests in a timely and concise manner

  • Ensuring the governance framework is operating in effective and efficient manner

  • Managing and developing at least one other resource on the Program Management team

The candidate must be a self-starter with strong written communication skills and vision who is able to work in a fast paced, results driven environment while managing multiple competing priorities.  Additional requirements include:

  • Strong organizational skills and the ability to drive complex projects across multiple lines of businesses or functional groups

  • Experience coordinating large-scale projects or processes across multiple constituents

  • Excellent communication skills (verbal and written), including ability to succinctly advise stakeholders of risks, challenges and potential solutions

  • Strong analytical and problem solving skills with the ability to exercise sound and balanced judgment; keen attention to detail

  • Strong organizational, multitasking and prioritization skills

  • Strong interpersonal skills to build effective, collaborative, cohesive relationships across all levels of organization

  • Ability to coordinate and run meetings across diverse functions, locations and businesses

  • Strong experience in either Finance, Risk or regulatory compliance

  • Ability to prioritize in a fast moving, high pressure, constantly changing environment

  • Self-motivated and ability to work independently

  • Excellent desktop skills (Excel, Word, Access, PowerPoint)

  • Bachelor’s degree required; advanced degree preferred

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