Job Location: Mumbai
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 world’s 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 JPMorgan’s 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 firm’s Finance function, responsible for reporting quarterly earnings and complying with regulatory requirements along with managing the firm’s 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 CIBT P&A Team in Mumbai which forms part of CIB LOB within GF&BM India.
About the Team
Business Description :
The CIB Treasury and Liquidity team, is aligned within CIB Treasury, and whose primary responsibility is the management of forecasts and plan for purposes of managing business activities across Treasury strategies (i.e. balance sheet, funding, liquidity, G-SIB, RWA, capital and leverage strategies) . This team is also responsible for providing various analytics for senior management across all the regulatory constraints to support CIB objectives of maximizing return on capital, balance sheet usage, liquidity and leverage.
Stakeholders of the group include CIB Finance senior management, business heads, product controllers & planning and analysis. The team works extensively with the LOB Product control groups and CIB Treasury to ensure complete and accurate reporting of risk weighted assets, balance sheet, capital and liquidity for both actuals and forecasts. The group also works closely with the Corporate Finance Reporting, Corporate Treasury, Corporate P&A, RCMO (Regulatory Capital Management Office) to ensure a complete understanding of business issues and the accurate execution of policies.
About the Role
Primary Responsibilities:
Job Description:
- The individual will be based in Mumbai and will participate with CIB Treasury team and support deliverables relating to ICAAP/ILAAP and Stress cycles. The individual will support other Treasury strategic projects on an as-needed basis. The applicant will also support control agenda requirements which includes SOPs, User Tool documentation and action plan remediation.
- At times, the individual will also be engaged in ongoing strategic projects which improve the firm’s efficient utilization of liquidity, LCR, Capital and other Firmwide resources.
Job responsibilities will include:
- Support the preparation, review and submission of ICAAP and ILAAP to the ECB and PRA.
- Macros Economic Variables (MEVs) analysis for the current cycle vs the prior cycle and to understand its impact on the LOBs projection
- Preparing the ICAAP and ILAAP results based on the ECB/PRA requirement and submission of the same to LE capital teams.
- Performing the Variance Analysis, PQ0 – PQ1 analysis and providing the answers to the stakeholders’ questions post the submission
- Supporting the EU/UK team in preparing the corporate treasury and senior managers review presentation
- Partner closely with central team and line of business controllers to understand closing month/ intramonth actuals; ensure latest actuals are basis of forecasting assumptions.
- Support production of quarterly ICAAP and ILAAP consolidation of Balance sheet and liquidity metrics (e.g. Internal JPM stress, LCR, NSFR etc) and articulate CIB / legal entity total results with the underlying stress drivers.
- Collaborate with IT and other support functions to drive implementation of capital planning and forecasting methodologies in production systems
- Understand key regulatory and business drivers of capital management and decision making and their impact on overall Treasury and corporate wide risk metrics and performance
- Liaise, partner and build strong relationship with key stakeholders across P&A and line controller teams
Desired Candidate Profile:
Qualifications
- Bachelor’s degree or equivalent in Accounting, Finance, Business Administration or related field. 2-3 years of relevant experience in ICAAP/ILAAP Reporting is a must.
- Familiarity with CIB Balance Sheet products, liquidity and capital concepts is required.
- Understanding of Investment Bank and its core lines of business is a plus
Key Skills
- Inclination to adapt to technology initiatives. Knowledge of reporting tools (i.e. Xceptor, Qlikview and/or Alteryx) is a plus
- Ability to work with large databases
- Strong stakeholder management and excellent communication skills
- Results-orientated without compromising control and detail
- Strong Excel and PowerPoint skills are required
- Ability to handle multiple tasks simultaneously and efficiently
- Thrives on challenges in a fluid working environment
- Actively listens and assimilates broad ranging information quickly
Shift Timing: 2pm-11pm
JPMorgan Chase & Co., 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. 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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