Job Location: Bengaluru
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.4 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. JPMorgan Chase & Co. serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .
Global Finance & Business Management (GF&BM) India is a combined LOB-aligned (Line of Business-aligned) finance & business support team located in India and is part of JPMorgans global capability center (GCC). We are part of the Office of the CFO (OCFO) organization within JPMorgan, which has 13000+ people across the globe, majority of whom are tasked with managing the firms Finance function, responsible for reporting quarterly earnings and complying with regulatory requirements along with managing the firms capital.
GF&BM India was established in September 2002 and currently we have a network of more than 3400+ professionals based out of our Mumbai, Bengaluru and Hyderabad offices who support four main pillars of work – Controllers, Planning & Analysis, Finance Operations and Business Client & Products. The teams in India are aligned to the respective LOBs that they support which include Corporate and Investment Banking (CIB), Commercial Banking (CB), Consumer and Community Banking (CCB), Asset & Wealth Management (AWM) and Corporate/Firmwide functions.
We have a strong culture that embodies the principles that guide us in how we do business across the firm. We strive to create a workplace that values and respects individual viewpoints, while at the same time challenging the status quo to make continuous improvements in our processes.
JPMorgan is an equal opportunity employer and places high value on diversity and inclusion. We recognize that our people are our strength and diversity of thought and practices makes us more successful.
The current opening is within the Treasury Chief Investment Office in Bangalore which forms part of the Corporate Sector LOB within GF&BM India.
About the Team
The Firm wide ALM Analytics team was formed to support Treasury Controllers across all of our business units. The group is responsible to ensure the accuracy and completeness of all information in support of the firms internal and regulatory Liquidity Risk and Interest Rate Risk reporting and analytics. We partner with a wide range of stakeholders across the firm in:
- Daily reconciliation of balances to the general ledger
- Impact analyses for changes in regulatory reporting (e.g. LCR, 5G, Stress, Recovery & Resolution etc.)
- Strategic sourcing, automation of feeds from various source systems into the central technology platforms in Treasury-CIO
- Ensuring data quality controls in upstream sources & aggregation platforms
About the Role
Team consists of 30 functional and technical experts who currently cover all aspects of Liquidity Risk across multiple products and Line of Businesses. Candidates will partner closely with the existing team and joint responsibilities will include:
- Review, adjust and attest to liquidity and interest rate risk data on a daily basis
- Perform product reconciliations & assist with daily balance sheet variance analysis and reporting (e.g. LCR, 5G, etc.)
- Determine business drivers behind variances and communicate impact to partner groups such as Liquidity Risk Oversight, Corporate Treasury Middle Office, etc.
- Design queries to analyze large volumes of data from multiple sources to create financial and operational reports (e.g. daily available collateral, intercompany bookings, etc.)
- Partner with senior stakeholders in the LOBs, Controllers, Global Treasury and other related areas to obtain, understand, and analyze Balance sheet data & other relevant information such as forecasts, assumptions etc. and their impact on the firms liquidity & structural interest rate risk management
- Identify opportunities for process improvements, remediate data quality issues, automation etc.
Candidates seeking a position in this role must be self-starters who are able to work in a fast paced, results driven environment with minimal oversight and possess a strong sense of accountability and responsibility. Additional qualifications required:
- MBA with 1-3 years experience in the financial services industry, preferably within a regulatory reporting/policy department
- FRM would be an added advantage
- Strong analytic, creative thinking and problem solving skills
- Keen attention to detail and ability to work independently
- Excellent organizational, multitasking and prioritizing skills
- Ability to handle stress and tight deadlines
- Strong written and verbal communication skills
- Be skilled in performing complex quantitative analysis.
- Knowledge of key bank systems and processes, including financial sub-ledgers, product systems etc. would be an advantage
- Possess subject matter expertise in banking book and trading book products, data flows & quality checks
- Prior work experience in liquidity and/ or interest rate risk management programs would be a plus
- Experience in building models and managing large amounts of data, identifying data quality issues & recommending solutions
- Excellent working knowledge of MS Excel, PowerPoint, MS Access and Word
Shift Timing: APAC/EMEA Shift
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the worlds 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. In accordance with applicable law, we make reasonable accommodations for applicants and employees religious practices and beliefs, as well as any mental health or physical disability needs.
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