J.P. Morgan is a leading global financial services firm, established over 200 years ago:
o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
o We have assets of $2.5 trillion and operations worldwide
o We operate in more than 100 markets.
o We have more than 243,000 employees globally.
Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.
Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.
J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.
The Regulatory Capital Management Office (RCMO) is responsible for overseeing the end-to-end risk-weighted asset (RWA) and capital measurement processes across the firm, and help ensuring efficient and appropriate management of its capital. RCMO is part of the Corporate Finance function and is responsible for partnering with other functions, including Market Risk, Model Development & Review, Risk Reporting, 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 Central Challenger and Finance Calculation Independent Review (FCIR) teams within RCMO have a firm-wide purview for independently assessing and driving improvements in the following areas:
1.Forecasting methodologies developed within various lines of business (LOBs) for the Firm’s Capital Stress Testing process. It also includes developing independent statistical models/analytical calculators to challenge LOB results.
2.Key assumptions and pro-forma financial results across material entities, primarily in the context of the Firm’s Resolution and Recovery process.
3.Key financial calculations across the Firm, including those related to capital measurement, stress testing & reporting, product valuations, and other high priority processes.
4.Integrity of regulatory reports by performing variance analysis of actuals.
The teams partner with the Corporate Capital Stress Testing team, Recovery & Resolution team, all LOBs, Regulatory Policy, Financial Reporting, Quantitative Research and various other Finance and Risk teams on various firm-wide initiatives.
The individual will be a part of the teams that independently review and challenge key processes and analytics/tools for firm-wide capital stress testing, resolution & recovery and related processes.
In the context of capital stress testing, the individual will be responsible for conceptualizing, developing and maintaining top-down challenger/benchmarking models (statistical models), primarily leveraging industry data, to assess the reasonableness of results from the more complex LOB (Line of Business) models. She/he will manage the end-to-end process of model validation by interacting with the Model Review Group.
The candidate is also expected to play a lead role in qualitatively analyzing and documenting current and future state processes, identifying gaps and areas for further assessments in the prioritized areas.
The individual will have responsibility for conducting reviews to evaluate the integrity and completeness of key financial calculations implemented in various User Tools (UTs) / applications (i.e. MS Excel, MS Access, VBA, SAS, Matlab, R, Python, EViews, etc.). The reviews may be performed across all lines of businesses and corporate functions, covering high priority areas such as:
·Regulatory Capital/RWA Calculations for Basel
·Valuation of financial products for price testing and/or fair value adjustment
·External financial reporting (e.g. 10K/10Q, Footnote disclosures, Call Report and FR Y9C)
·CCAR/DFAST and internal stress testing
The position involves interaction with many teams across finance and risk, lines of business (front/middle/back office) and reporting groups. The ability to work efficiently and communicate effectively across these boundaries will be one of the keys to success. The role and responsibilities of the successful candidate will be determined based on qualifications, prior experience and demonstrated skills.
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JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.