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Corporate Treasury Middle Office - Financial Analyst - Intern

Req #: 170107866
Location: Newark, DE, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 0 US Dollar (USD)
The Treasury and the Chief Investment Office (TCIO) within JPMorgan manages the balance sheet of one of the world’s largest global financial institutions with more than $2.5 trillion in assets and liabilities, including more than $800 billion in loans and $1.3 trillion in deposits. Because it sits at the very center of the firm, TCIO directly influences the composition of the firm’s balance sheet as well the activities of the firm’s four main lines of business (LOBs): Asset & Wealth Management, Commercial Banking, Corporate & Investment Bank, and Consumer & Community Banking.

Primary responsibilities include:
  • Deploying the firm’s excess liquidity
  • Managing the firm’s funding and liabilities
  • Aggregating and managing the structural interest rate and foreign exchange risk of JPMorgan’s main businesses
  • Managing the firm’s liquidity risk and its regulatory compliance

The Corporate Treasury Middle Office team (CTMO) within CIO provides support for the firm in regards to liquidity and structured interest rate risk (SIRR) reporting. Key responsibilities include:
  • Overseeing the operating model supporting the sourcing and flow of data from LOB systems of record to ensure data integrity through variance and trend analysis and reconciliations to the Firm’s general ledger.
  • Partnering with Corporate Treasury, JPMC LOBs, and Risk Oversight to produce key reports and metrics for regulators and senior leadership to measure and validate JPMC’s liquidity and structural interest rate risk.
  • Management of change to the operating model, system architecture, and interest rate risk models where the team’s functions are dependent.
  • The team has locations in North America (Delaware and NYC), Europe (London) and Asia (Hong Kong).

  • The analyst will be responsible for working with internal business partners and other team members to complete the following functions in support of the Firm’s liquidity and interest rate risk reporting process:
  • Reconciling source data to the firm’s balance sheet and other golden sources to maintain the integrity of data used in the reporting process.
  • Partnering with contacts in the firm’s lines of business, control and oversight and interest rate risk strategy team to investigate and explain threshold breaches and period on period variances in the source reporting data.
  • Producing key liquidity and interest rate risk reports including Daily Available Collateral, Federal Reserve 5G, Basis Point Value (BPV), Economic Value of Equity (EVE), and Earnings at Risk (EaR).
  • Participating in weekly MIS meetings and formal risk review sessions with internal business and risk stakeholders to review reporting results and status of key issues and change management initiatives.
  • Continuing to improve the end to end data model by participating in initiatives to streamline the data sourcing model and improve the quality of data sourced.
  • Participating in process improvement initiatives across the team as needed.

The chosen candidate will have an opportunity to:
  • Improve their understanding of asset and liability management principals for a balance sheet in excess of 2.5 trillion.
  • Develop a good understanding of the key risk and liquidity metrics and scenarios used by a financial institution to manage its interest rate risk and liquidity exposure.
  • Learn how the middle office team sources, transforms and reconciles inputs using in the end to end reporting process and how data is loaded and modeled in one of the leading vendor risk systems.
  • Improve their technical skills specifically around data management and ad hoc data analysis using Excel, Access, and VBA.
  • Develop relationships with contacts in each of the Firm’s main lines of business and a high level understanding of each of their balance sheets.

  • Six or more months experience in financial operations and a basic understanding of asset and liability or balance sheet management principals.
  • Solid technical skills (particularly in MS Excel). Knowledge of VBA, SQL or Tableau a plus.
  • Strong analytical and quantitative skills, critical thinking, investigative problem-solving and decision making talents.
  • Ability to work under pressure, prioritize, multitask, and bring tasks to complete closure.
  • Organized and able to execute responsibilities with minimal supervision.
  • Strong written and verbal communication skills with ability to prepare executive level presentations.
  • Working towards a Bachelor’s degree in Finance, Economics, Statistics, Math or other quantitative field.

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