CCB Resolution and Recovery Team - VP

JPMorganChase • Jersey City, NJ

1d

About The Position

This role is ideal for candidates with project management experience and a strong understanding of CCB products and lines of business, including Consumer Banking, J.P. Morgan Wealth Management, Business Banking, Home Lending, Credit Card, Connected Commerce, and Auto. It offers a unique opportunity to manage a large-scale key regulatory deliverable for CCB, driving the Resolution and Recovery agenda, and assisting with planning, execution, and new requirements. The individual will coordinate the delivery of essential content for Title I, Insured Depository Institution (IDI), and Recovery Plan submissions. This involves engaging with key CCB deliverable owners, Firmwide Resolution & Recovery Teams, CCB Treasury, Legal, and other stakeholders to ensure timely submission of CCB Resolution Plans. The position demands urgency in identifying, raising, and resolving issues to meet designated timelines, while also driving high standards and best practices across plan development and review deliverables. Opportunities to engage with and present to Senior Management are part of the role. The Dodd-Frank Act mandates large, systemically important financial institutions like JPMorgan to submit Board-approved Resolution & Recovery Plans (RRPs, or Living Wills) to US Regulatory Agencies (Federal Reserve Bank and Federal Deposit Insurance Corp) on a required cadence. Resolution Plans must demonstrate how JPM would be resolved orderly without major market disruption if bankrupt, while Recovery Plans show how the firm would recover from significant capital and liquidity decreases due to a severe crisis. These plans are a strategic priority for the firm. The CCB Resolution & Recovery team (CCB R&R PMO) is responsible for the governance, oversight, and effective implementation of CCB-related R&R programs and deliverables for U.S. regulators. The team also coordinates CCB responses to ad hoc and planned regulatory requests, partnering extensively with all CCB lines of businesses, Controllers, CFOs, Treasury, and functional support areas to oversee, control, and deliver this program. The team acts as thought leaders, coordinating CCB responses to an evolving 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

• Career Level: Manager
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees