Resolution and Recovery Financial Analytics, Associate

JPMorgan Chase & Co. • New York, NY

7h

About The Position

The Dodd-Frank Act requires large, systemically important financial institutions such as JPMorgan Chase to submit Board-approved Resolution and Recovery Plans (a.k.a. Living Wills) to US regulators annually and upon the occurrence of material changes to the Company. Recovery Plans need to demonstrate how the firm would recover if the firm were to experience significant decreases in capital and liquidity as a result of a severe, crisis event. 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. These plans are a strategic priority for the firm.
The Corporate Treasury Resolution and Recovery Financial Analytics team (RRFA) is responsible for delivering the capital analyses for the Firm’s Resolution and Recovery plans. As an Associate, you will be responsible for assisting on a variety of key deliverables in support of the production, analysis, maintenance and continued enhancement of firmwide capital analytics and reporting initiatives, in direct support of Resolution and Recovery planning.

Requirements

• 3+ years of financial services experience ideally in Corporate Finance, Controllers, Capital Management or Risk Management
• Bachelor’s Degree required in Finance, Accounting, or Economics
• Strong qualitative and quantitative analytical skills, with emphasis on financial statement analysis and calculation of regulatory capital metrics
• Ability to operate in a fast-paced environment with a high level of scrutiny and be able to interact effectively with the various stakeholders
• Excellent presentation and communication skills; able to succinctly convey complex results and collaborate effectively across lines of business, legal entities, and regions
• Ability to work independently with minimal oversight, as well as collaboratively within a team
• Able to work under pressure, prioritize multiple tasks and bring tasks to closure
• Exceptional attention to detail and organizational skills.

Nice To Haves

• Knowledge of balance sheet, income statement and basic accounting concepts. Experience with regulatory capital preferred.
• Proficiency in Microsoft Office including PowerPoint and Excel; experience using VBA, scripting languages (such as Python), Tableau and Databricks a plus

Responsibilities

• Conduct firmwide and legal entity specific Resolution and Recovery capital stress testing, analyze capital impacts and identify potential capital risks
• Support the production of pro forma financial statements including balance sheet, income statement, and capital metrics (e.g. risk-weighted assets) to form the basis of the capital analytics
• Produce high quality and well-structured presentations and ad-hoc analyses for Senior Management and the Board of Directors, Regulatory Agencies, and other key stakeholders
• Present relevant information and capital analytics to stakeholders including senior management
• Drive end-to-end work streams in a fast-paced, results-driven environment
• Develop and maintain a strong understanding of JPMorgan Chase’s regulatory capital requirements, analysis, and processes related to Recovery and Resolution planning.
• Collaborate with Lines of Business and other stakeholders to ensure complete and accurate analysis in Resolution and Recovery plans
• Ensure deliverables are in compliance with evolving regulatory requirements related to capital, specifically around Resolution and Recovery planning
• Support initiatives to continually improve and enhance existing processes including technological improvements
• Provide guidance and consult with internal stakeholders on Resolution and Recovery initiatives in other jurisdictions, including responding to local regulatory requests

Benefits

• We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location.
• Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions.
• We also offer a range of benefits and programs to meet employee needs, based on eligibility.
• These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level