Risk - CTC Risk - IRRBB (Interest Rate Risk in the Banking Book) Associate

Risk - CTC Risk - IRRBB (Interest Rate Risk in the Banking Book) Associate

JP Morgan Chase & Co.
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Job Description


Job Description :
Firm Description
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, 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.
CTC Description
The Firm's Corporate Treasury function and the Chief Investment Office (together referred to as 'Treasury/CIO') manage the Firm's balance sheet. This includes activities such as:
  • Deploying the Firm's excess liquidity
  • Managing the Firm's funding and liabilities
  • Managing the Firm's structural interest rate and foreign exchange risk
  • Managing the Firm's liquidity risk and its regulatory compliance

Function Description
CTC Risk seeks to hire a risk manager to join its Interest Rate Risk and FTP Risk Management (IRRM) function. This function provides risk coverage for the Firm and Line of Business interest rate risk exposure arising from the firm's traditional banking activities which includes the extension of loans and credit facilities, taking deposits and issuing debt (collectively referred to as ‘non-trading activities), and also the impact from the CIO investment securities portfolio and other related CIO and Treasury activities. This function also provides Risk Management Oversight on the Firm's Funds Transfer Pricing (FTP) framework - including Base FTP, Liquidity Premium and Resource Allocation.
Key responsibilities include:
Risk Coverage
  • Primarily responsible for risk coverage (2nd line of defense) for structural interest rate risk (also known as IRRBB / Interest Rate Risk in the Banking Book) originating from Line of businesses (LOB) and Funds Transfer Pricing (FTP), both domestically and internationally
  • Ongoing monitoring, forward-looking analysis and strategic risk management for key measures of Interest Rate Risk such as Basis Point Value (BPV), Earnings at Risk and Economic Stress
  • Perform deep-dives on relevant IRR and FTP topics to support independent risk analysis
  • Participate in governance process for both IRR and Funds Transfer Pricing (FTP) process including changes in impacting, IRR, base FTP, liquidity premium and resource allocation
  • Continue to enhance Risk Management framework for FTP framework at both Firmwide and LOB level including CIB Markets business
  • Advising on impact of key industry developments such as LIBOR transition and border rate reform and independent risk challenge on changes to FTP framework
  • Interact and partner frequently with teams both Business Units and other corporate functions within CTC and outside including Treasury functions within JPMorgan in order to obtain, understand, analyze and draw conclusions with respect to potential IRR and FTP risks implications
  • Regular dialogue with Treasury functions with respect to risk appetite, risk limits
  • Actively contribute to LOB Risk Committees and risk affirmation meetings
  • Develop the data, queries, tables and visualizations that deliver insight both as an individual contributor and in collaboration with wider team - Actively involved in innovation agenda

Qualifications
  • Experience in financial services or related field (ideally Trading, Risk Management, Treasury or a Finance function)
  • Understanding of Balance Sheet management, Interest Rate Risk, Funds Transfer Pricing, Liquidity Risk or Capital Markets trading environment exposure a strong plus.
  • A ‘hands on team player who is equally comfortable carrying out detailed analysis on an independent basis or coordinating input from others
  • Experience handling large data sets and creating effective data visualizations a plus
  • Strong stakeholder engagement skills with ability to communicate (oral and written) effectively at all levels
  • Strong interpersonal and relationship building skills and the capability to engage various functions, locations, and businesses
  • Demonstrated effectiveness working independently and in multi-disciplinary teams
  • Strong technical skills in Excel and Powerpoint Familiarity with Python a plus

Education:An excellent academic record and Degree in Business-Administration / Economics / Finance / Mathematics / Engineering / Computer Science, Data or Information Science, or related quantitative analytic from a reputed institute is required

Job Details

Employment Types:

Function:

IT

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

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