Join our Liquidity Risk team and help oversee the risks that shape the Firm’s balance sheet, liquidity profile and interest rate exposure.
Job summary
As a Liquidity Risk Lead in the Chief Investment Office , Treasury and Corporate (CTC) Risk team, you will support Asset and Liquidity Management Risk Oversight across APAC locations. You will get an opportunity to gain insight into how the Firm measures and models liquidity risk and interest rate risk in the balance sheet.
Job responsibilities
- Assess structural interest rate risk arising from asset-liability mismatch(ALM) through investment securities and interest rate derivatives
- Identify, analyze and assess the impact of specific market events or trends on the current and projected balance sheet and income statement of the Bank
- Assist in the development of Net Interest Income (NII) strategy and NII optimization for CIO and Treasury
- Track JPM’s interest rate risk profile and effects of current and forecast macroeconomic trends on IRR profile
- Monitor Economic (EVE) and Earnings based measures (EaR) for IRRBB
- Identify, assess and monitor liquidity risks related to the Firm’s business activities including banking (deposits, loans, commitments, etc.) and non-banking balance sheet (unsecured funding, secured funding, lending, prime brokerage, derivatives, etc.)
- Analyze sources and uses of liquidity on a firm wide and legal entity level, including understanding firm’s businesses and products
- Conduct deep dive reviews on specific Legal-Entity/Line-of-business/specific-product/market-moves to analyze potential risks
- Perform Regulatory Recovery & Resolution and Volcker related review on JPM Legal-Entities/Line-of-Businesses
- Conduct reviews of the regulatory requirements for the Liquidity Coverage Ratio and Net Stable Funding Ratio
- Develop and implement liquidity risk governance policies and procedures, with a focus on liquidity risk stress testing, scenario design, and liquidity risk measurement
- Contribute to the definition of risk policies, procedures and overall governance, in order to efficiently manage the risks, both in business-as-usual and in stressed conditions
- Oversee the monitoring and evaluation of existing risk limits
- Provide independent review of regulatory and internal stress scenarios, including analytical review of key market and behavioral assumptions and management of ad hoc analysis; support the development and execution of stress and back-testing processes
- Carry out in-depth analysis and create presentations for senior management meetings and Asset-Liability Committee (ALCO)
- Monitor on regular basis existing FTP framework
- Assist with regulatory requests regarding model updates/migrations
- Partner with other departments (i.e. within CTC Risk), other LOB’s to support consistent risk oversight and stakeholder engagement.
Required qualifications, capabilities, and skills
- An excellent academic record and Masters Degree in Business Administration / Economics / Finance / Mathematics / Engineering (or CA) from a reputed institute are required
- Understanding of regulations, governances and practices in interest rate risk in the banking book (IRRBB)
- Strong understanding of Bank’s B/S items, central banks monetary policy actions; required to follow market news, macroeconomic and political developments and asset prices closely – to be able to recommend strategic and tactical investment avenues across asset classes and geographies; confidence to challenge portfolio managers’ market positions and views
- Understanding of financial instruments at various levels in the capital structure
- Understanding of the governance and controls surrounding risk monitoring including, EaR, EVS, stress testing, various return measures and experience with stress construction
- Excellent oral and written communication skills
- Demonstrated ability to work effectively and independently across different businesses and functional areas
- Ability to work under pressure
- Strong technical skills in Excel, PowerPoint, VBA and Bloomberg
Preferred qualifications, capabilities, and skills
- CFA, FRM or other relevant quantitative, finance or risk certification is preferred
- Strong understanding of balance sheet analysis and Fund Transfer Pricing (FTP) analysis especially for Banks for traditional banking and complex non-banking products is preferred
- Understanding of Liquidity norms and requirements under Basel III requirements is preferred
- Experience in Liquidity Risk management with a wide range of experience with quantitative, financial and risk management techniques & systems is preferred
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 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.
Skills Required
- Excellent academic record
- Master’s degree in Business Administration, Economics, Finance, Mathematics, or Engineering, or Chartered Accountant qualification
- Understanding of Interest Rate Risk in the Banking Book (IRRBB) regulations, governance, and practices
- Strong understanding of bank balance-sheet items, central-bank monetary policy, macroeconomic developments, and asset prices
- Ability to assess investment opportunities and challenge portfolio managers’ market positions and views
- Understanding of financial instruments across capital-structure levels
- Understanding of risk-monitoring governance and controls, including EaR, EVE, stress testing, and return measures
- Experience with stress scenario construction
- Excellent oral and written communication skills
- Ability to work independently across businesses and functional areas
- Ability to work under pressure
- Strong skills in Excel, PowerPoint, VBA, and Bloomberg
- CFA, FRM, or another relevant quantitative, finance, or risk certification
- Strong balance-sheet and Fund Transfer Pricing analysis experience, including traditional banking and complex non-banking products
- Understanding of Basel III liquidity norms and requirements
- Liquidity risk management experience using quantitative, financial, and risk-management techniques and systems
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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