CCB Resolution and Recovery Team - VP

JPMorgan Chase & Co. • Jersey City, NJ

22h

About The Position

This role is best suited to candidates with project management experience, as
well as an understanding of CCB products and lines of business (Consumer
Banking, J.P. Morgan Wealth Management,  Business Banking, Home Lending, Credit
Card, Connected Commerce,  and Auto). This role provides unique opportunity to
manage a large scale key regulatory deliverable for CCB and a solid platform,
profile, and brand.

You will drive the Resolution and Recovery agenda and assist with planning,
execution, and new requirements. You will be responsible for coordinating
delivery of key content required in the Title I, Insured Depository Institution
(IDI) and Recovery Plan submissions. This includes engagement with identified
key CCB deliverable owners (including Resolution Plan Owners, Critical
Operations Leads and Object of Sale Leads), Firmwide Resolution & Recovery
Teams, CCB Treasury, Legal, and others to ensure timely delivery of the CCB
Resolution Plans. This position requires an individual to act with urgency to
ensure issues are identified, raised, and resolved to meet designated timelines.
You’ll be responsible for driving high standards and best practices across the
various key deliverables associated with plan development and review. You will
have opportunities to engage with and present to Senior Management.

The Dodd-Frank Act requires large, systemically important financial institutions
such as JPMorgan to submit Board-approved Resolution & Recovery Plans (RRPs,
a.k.a. Living Wills) to US Regulatory Agencies - Federal Reserve Bank and
Federal Deposit Insurance Corp (“agencies”) on a required cadence of a full
resolution plan submission (all required elements) and a targeted resolution
plan which includes certain core elements and specific focus areas identified by
the agencies. Resolution Plans need to demonstrate how JPM would be resolved in
an orderly way (i.e., without causing a major market disruption), if the company
ever became bankrupt. Recovery Plans need to demonstrate how the firm would
recover if the firm were to experience significant decreases in capital and
liquidity because of a severe, crisis event. These plans are a strategic
priority for the firm.

The CCB Resolution & Recovery team (CCB R&R PMO) is responsible for the
governance, oversight, effective implementation of CCB related R&R programs and
corresponding deliverables resulting in the submission to U.S. regulators. The
team also coordinates across CCB for ad hoc responses in addition to planned
regulatory requests. CCB R&R PMO partners extensively with all lines of
businesses within CCB including Controllers, CFOs, Treasury and all functional
support areas to oversee, control, and deliver on this program. The team acts as
thoughtful leaders and coordinates CCB responses to the everchanging landscape
requiring a deep understanding of products and business drivers.

Requirements

• 6+ years of relevant experience with a comparable financial services company, including demonstrated track record working on similar large-scale projects
• Project management experience
• Knowledge of consumer businesses (Consumer Banking, Business Banking, Home Lending, Credit Card, Auto), operations, financial infrastructure, risk management and legal & regulatory governance structures
• Self-motivated with a high degree of self-reliance, the ability to work autonomously 
• Strong quantitative and qualitative analytical skills; ability to synthesize data from many sources, design and draw persuasive conclusions for plans and presentation to CCB and firm-wide executive management
• Excellent interpersonal skills with a proven ability to communicate effectively, foster strong working relationships with key stakeholders and to manage senior management communications
• Experience in developing presentations, along with strong written and oral communication skills
• Strong attention to detail and ability to articulate complex issues concisely and influence stakeholders
• Strong quantitative and qualitative analytical skills, ability to synthesize data from many sources, design and draw persuasive conclusions for plans and presentation to CCB and firmwide executive management
• Ability to analyze BAU processes and develop solutions for automation.

Nice To Haves

• Knowledge of Resolution & Recovery planning

Responsibilities

• Develop a deep understanding of Resolution and Recovery planning processes, with a focus on all CCB deliverables including business plans, divestiture playbooks, business valuation, pro forma financial statements and liquidity and capital analysis
• Build strong working relationships and coordinate effectively with the line of business teams and corporate functions to help drive delivery of the CCB component of the firm’s resolution and recovery plans
• Understand business changes, determine impact on the various components of the plans and update as necessary
• Act as Subject Matter Expert and present the plan to senior stakeholders
• Proactively lead discussions to resolve issues
• Assess risks and escalate issues, as appropriate and collaborate across many business and functions
• Continue to evolve and enhance the governance and operating model for Plan submission
• Perform Quality Control review of the CCB plan narratives

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees