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Corp Sector - Liquidity Risk Wholesale Banking Lead-VP

Req #: 180001238
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 0 US Dollar (USD)
J.P. Morgan is a leader in financial services, offering innovative and intelligent solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years and we keep their interests foremost in our minds at all times. This combination of product strength, intellectual capital and character sets us apart as an industry leader. J.P. Morgan is part of J.P. Morgan Chase & Co. (NYSE: JPM), a global financial services
firm with assets of $2.0 trillion.
CTC Risk is an independent risk function managing firmwide Interest Rate and Liquidity Risk. CTC Risk also
oversees the risk of the retained portfolio generated from the Chief Investment Office (CIO), Treasury and
Corporate (CTC) businesses, and is responsible for the end to end risk framework within the Treasury & CIO
(includes Market, Credit & Operational Risk, as well as Retirement plans & BOLI COLI risk). In addition, CTC
Risk partners with firmwide Principal, Model Governance & Review, Country and Reputation Risk for
oversight of the corresponding risks within CTC. CTC Chief Risk Officer (CRO) reports directly to the
firmwide CRO and is also the CRO for the unconsolidated HoldCo JPMorgan Chase & Co.
Liquidity Risk Oversight is an independent risk management function having responsibility for
firmwide oversight with the Global head of LRO reporting to the CTC CRO. Responsibilities include, but not
limited to:
  • Establishing and monitoring limits, indicators, and thresholds, including liquidity appetite tolerances;
  • Defining, monitoring, and reporting internal firmwide and legal entity stress tests, and monitoring and reporting regulatory defined stress testing;
  • Monitoring and reporting liquidity positions, balance sheet variances and funding activities;
  • Conducting ad hoc analysis to identify potential emerging liquidity risks
  • LRO participates in critical projects, including regulatory submissions such as Recovery & Resolution, CLAR (Comprehensive Liquidity Analysis & Review), ILAAP (Internal Liquidity Adequacy Assessment Process), among others.
The Liquidity Risk Oversight group partners with other internal risk groups, Corporate Treasury, LOB Treasury groups and senior management to inform funding strategies and liquidity management through normal and stress market environments. LRO is also a primary resource for external regulators for discussions and analysis of liquidity risk.
CTC Risk seeks to hire a Vice President to join its independent Liquidity Risk Oversight (LRO) function focusing on the wholesale banking businesses (namely Corporate and Investment Bank (CIB) and Commercial Bank (CB)). The role provides a unique opportunity to understand and work with firmwide risk measures as well as in-depth product analysis across the Wholesale banking sector encompassing report and metric development to capture line of business risks, product level stress assumption analysis and design, policy and framework design, scenario analysis and regulatory liquidity risk measure (e.g. LCR / NSFR) analysis.
The nature of the position also offers significant opportunities to create a broad personal network across J.P. Morgan and visibility to senior management.
Specific responsibilities:
  • Lead the independent risk oversight coverage of wholesale banking businesses (CIB and CB) on adherence to the JPM liquidity risk framework
  • Lead the development and independent review of proposals for liquidity risk monitoring, metrics and stress tests across CIB and CB, in partnership with the LOB Treasurers and/or Corporate Treasury.
  • Ongoing review of assumptions and metrics for appropriate consistency across wholesale banking lines of business. Present and justify assumptions and findings to senior management/governance forums
  • Develop appropriate analytics for senior management, business partners, risk committees and regulators
  • Coordinate with other LRO leads to ensure consistency in approaches and awareness of ongoing projects
  • Provide independent review and appropriate challenge over short/long term cash flow projections developed by the Corporate/LOB Treasury teams
  • Play a key role in the development and build-out of the liquidity risk management process and infrastructure
  • Conducting ad hoc analysis to identify potential emerging liquidity risks. Provide periodic updates to senior management on liquidity developments
  • Support regulatory requests regarding liquidity risk for Wholesale banking products (i.e. Deposits, Loans, commitments etc.)


·         5+ years experience in:

o   Liquidity risk / treasury functions; and/or

o   market risk or front office experience in consumer banking or fund management / wealth management products

·         Knowledge / experience in retail banking products or wealth management preferred

·         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

·         Demonstrated effectiveness working independently and in multi-disciplinary teams

·         Experience leading teams

·         Excellent oral and written communication skills

·         Demonstrated ability to work effectively across different businesses and functional areas


Education: An undergraduate degree is required, science / mathematics / finance majors preferred.
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