Risk Management - Capital Risk Senior Associate

Job Title

Bring your Expertise to JPMorgan Chase.

Job Description

As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Job Title in Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. CRM is responsible for the independent assessment, measurement, monitoring, and control of capital risk across the firm. The Capital Risk Policy (CRP) team conducts independent assessments of JPMC's regulatory framework to ensure compliance with applicable U.S. Basel rules and relevant regulatory guidance. CRP's assessments are integral to the firm's compliance with the Basel Coordination Committee's Bulletin 13-3, 'Guidance for Independent Verification of a Banking Organization's Advanced Approaches Systems'. CRP's reports are provided to Senior Management, Independent Risk Management, and U.S. regulators.

Job Responsibilities

• Leverage expertise in applicable regulatory rules and supervisory guidance to draw key requirements for use in assessments.
• Demonstrate experience in one or more of the core regulatory capital Pillar I frameworks: Retail Credit Risk, Wholesale Credit Risk, Counterparty Credit Risk, Market Risk, and Credit Valuation Adjustment (CVA).
• Exhibit expertise in regulatory policies, particularly with respect to the US Basel III final rule and upcoming Basel III Endgame rules, and capital processes.
• Evaluate and challenge the first line's (1LOD) proposals regarding product-specific rule interpretations, ensuring conceptual soundness and adherence to regulatory requirements along with analyzing the impact from a capital perspective.
• Conduct review of Basel capital models to ensure compliance with the applicable rule requirements and coordinate with different stakeholders to assess action plans designed to address any gaps.
• Liaise with different stakeholders from business, model developers, risk, finance, and reporting teams as an SME on Basel rule requirements to perform exhaustive assessments.
• Review the firm's advanced systems and RWA calculation engines to assess compliance with applicable rules and regulations.
• Engage in comprehensive deep-dive analyses on topical and impactful themes for presentation to senior management.
• Drive process improvements and automations and develop new analytical capacities leveraging AI, LLM, etc.

Required Skills, Experience, and Qualifications

• Strong quantitative and analytical skills: The role requires a strong quantitative background based on a Bachelor's or Master's degree in a quantitative discipline such as Math, Statistics, Economics, Finance, Engineering, or related fields.
• In-depth understanding of the Basel rule requirements applicable for regulatory capital models, estimation of RWA, capital, etc.
• 5+ years of experience working in a financial services institution or a management consulting firm focusing on regulatory frameworks like Basel, CCAR, DFAST, CECL for large banks.
• Strong analytical skills with the ability to develop thesis, clearly present ideas and draw appropriate conclusions.
• Background in risk management with a good understanding of identifying relevant risk drivers to focus on for different asset classes.
• Excellent oral and written communication skills with ability to explain technical concepts in practical terms.
• Demonstrate high ownership, self-starter attitude, ability to work independently and prioritize key tasks effectively.
• Strong capability to navigate complex financial systems and processes.

Preferred Skills, Experience, and Qualifications

• Competence in developing or reviewing Retail and Wholesale credit risk models.
• Knowledge of the Basel III Endgame proposal.
• Experience in one or more of the following areas: capital policy, risk management, risk analytics, and audit.

About Us

JPMorganChase, 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 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. Additional details about total compensation and benefits will be provided during the hiring process.

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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About the Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.