Overview
Description: Firmwide Risk Reporting and Middle Office (RRMO), a group within Corporate Risk Management, produces internal and external reporting and analysis used to manage risk through changing market conditions, supports regulatory requirements regarding Data Aggregation and Risk Reporting, and executes controls to measure the quality of risk data.
The Wholesale Credit Risk Reporting team (WCRR) is responsible for providing complete, timely, accurate, and useful data on the credit risk generated by the Firm’s wholesale lines of businesses. WCRR’s key stakeholders include the Firmwide Chief Risk Officer, Chief Financial Officer, Wholesale Chief Credit Risk Officer, senior Credit Risk Management, Investor Relations, SEC Reporting, Finance, and Regulatory Reporting.
WCRR is looking for an experienced and enthusiastic individual for this analytical role that requires the ability to have a conceptual conversation with our stakeholders and turn that into a high quality end-product. The right candidate must understand and challenge the numbers and be able to tell the story behind them.
Job Summary
As an Associate, Valuation Controller within the Wholesale Credit Risk Reporting team, you will perform portfolio analysis of the firm’s Wholesale Credit Risk exposure, assist in the production of monthly credit risk data, contribute to the development and standardization of Risk Reporting, challenge the numbers, and improve the overall control environment for WCRR
Job responsibilities
– Perform portfolio analysis of the firm’s Wholesale Credit Risk exposure in support of monthly and quarterly reporting to senior risk management including, but not limited to, Leveraged Finance, Industry Concentrations, and Pending Commitments
– Assist in the production of monthly credit risk data, analytics, and commentary used for quarterly CFO earnings preparation, Investor presentations, and SEC 10Q/10K reporting
– Contribute to the development and standardization of Risk Reporting across lines of business (e.g. Corporate and Investment Bank, Commercial Banking, and Asset and Wealth Management)
– Challenge the numbers – investigate, document, and resolve new and existing data quality issues
– Improve the overall control environment for WCRR by developing new controls, automating existing manual processes, and improving the team’s documentation
Required qualifications, capabilities and skills
– Bachelor’s/Master’s degree
– 3+ years of experience in risk and/or financial reporting; candidates with less experience may be considered for this position if skillset and objectives align with the team
– Understanding of credit risk (i.e. traditional credit products and counterparty risk)
– Understanding of the Firm’s credit risk systems (iCRD, CRRT, SELM)
– Advanced knowledge of Microsoft Office and Business Objects
– Excellent interpersonal skills needed for working within a team environment as well as communicating across departments
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.
Note : For your candidature to be considered on this job, you need to apply necessarily on the company’s redirected page of this job. Please make sure you apply on the redirected page as well.