Associate at J.P. Morgan
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JP Morgan - Associate - CTC Risk - Liquidity Oversight - Wholesale Banking - Global Knowledge Network (3-5 yrs)
CTC Risk - Liquidity Oversight - Associate - Mumbai, India
Chief Investment Office, Treasury and Corporate (CTC) Risk manages the risk of the retained portfolio generated from the Chief Investment Office (CIO), Global Treasury, and - other- Corporate businesses (Firm-wide Pension Plan, Insurance programs, and Mortgage Servicing Rights).
Treasury manages the firm's capital, balance sheet, liquidity and funding strategy and positions, including short dated and secured funding, debt and capital issuance and buybacks, and liquidity risk management, as well as the company's rating agency relationships and corporate insurance activities.
The CTC Chief Risk Officer (CRO) reports to the Firmwide CRO and is responsible for the end to end risk framework for the CTC line of business; including, but not limited to, Market Risk, Credit Risk, Liquidity Risk, Interest Rate Risk, Operational Risk, Pensions and BOLI COLI, Country Risk, Principal Risk, and Model Risk.
CTC Risk is also responsible for Firmwide Liquidity Risk and Interest Rate Risk Management.
An excellent academic record and Masters degree in Business-Administration / Economics / Finance / Mathematics / Engineering (or CA) from a reputed institute are required; certifications in related quantitative field (CFA/FRM/other) is preferred.
Skills required in a Candidate
- 3+ years experience in:
- Liquidity risk / treasury functions; and/or market risk or front office experience in wholesale banking
- Understanding of balance sheet analysis, especially for Banks for traditional banking and complex non-banking products, preferred
- Understanding of Liquidity norms and requirements under Basel III requirements preferred
- Experience in Liquidity Risk management with a wide range of experience with quantitative, financial and risk management techniques & systems preferred
- Understanding of the governance and controls surrounding risk monitoring including, stress testing, various return measures and experience with stress construction
- Strong analytical and critical thinking skills, as well as a high level of self-initiative required, including an ability to balance and execute multiple projects at once and deliver results under tight time constraints
- Excellent oral and written communication skills
- Demonstrated ability to work effectively and independently across different businesses and functional areas
- Ability to work under pressure
- Inquisitive nature; Motivated by learning and continuous improvement
- Strong technical skills in Excel, Powerpoint, Access, VBA and Bloomberg - ability to automate periodic tasks involving multiple/large data set
- Provide an independent oversight to Treasury's adherence to the liquidity risk framework
- Identify, assess and monitor liquidity risks related to the Firm's business activities including banking (deposits, loans, commitments, etc.)
- Provide independent risk oversight on adherence to the liquidity risk framework for the Wholesale (CIB and CB) LOBs
- Participate in the development and independent review of proposals for liquidity risk monitoring, metrics and stress tests for Wholesale LOBs, in partnership with LOB/Corporate Treasury and/or Corporate Treasury.
- Ongoing review of assumptions and metrics for appropriate consistency across wholesale banking lines of business.
- Develop appropriate analytics for senior management, business partners, risk committees and regulators
- Coordinate with other LRO leads to ensure consistency in approaches and awareness of ongoing projects
- Play a key role in the development and build-out of the liquidity risk management process and infrastructure
- Conducting ad hoc analysis to identify potential emerging liquidity risks. Provide periodic updates to senior management on liquidity developments
- Analyze and prepare daily commentary for risk reports including stress / LCR changes, balance sheet changes and indicator breaches