Firmwide Regulatory Reporting & Analysis (FRRA) -FRY14Q Instructional Compliance, Vice President

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • JPMorgan.
  • 25 Sep 16

Firmwide Regulatory Reporting & Analysis (FRRA) -FRY14Q Instructional Compliance, Vice President

JPMorgan Chase & Co . (NYSE: JPM) is a leading global financial services firm with assets of $2.6 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. 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. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .

The Firmwide Regulatory Reporting & Analysis (FRRA) team resides within Corporate Finance. The group is responsible for the execution and delivery against the Firm's regulatory reporting requirements to its U.S. regulators. The team has end-to-end responsibility for US regulatory reporting and capital stress testing, including the design, implementation, and oversight of the execution, analysis, control and governance frameworks. FRRA's mandate includes determining the appropriate investment in people, processes and technology to improve the accuracy, completeness and consistency of the Firm's US regulatory reporting and capital stress testing submissions, as well as the implementation of new requirements and guidelines as they are published.

The objectives of the FRRA Team are to provide leadership on all aspects of US regulatory reporting and firmwide capital stress-testing, including both internal and regulatory requirements.

The Consolidated Regulatory Reporting Team ("CRRT") within the Firmwide Regulatory Reporting & Analysis ("FRRA") team is responsible for the accurate and timely preparation of multiple reports that are filed with various US regulatory agencies (primarily the Federal Reserve, OCC, and FDIC).

Role Overview and Requirements


This role will have responsibility for leading an initiative to assess compliance with instructions of Capital Assessments and Stress Testing (FR Y-14Q/M) submissions, work with lines of business across JPM and apply knowledge of the requirements to ensure compliance with the instructions across the various LOBs and implement changes as required. The role will partner with the Regulatory Policy group to review and interpret to instructions and become a subject matter expert on instructions, policies and implementation approach around the submissions.
FR Y-14Q/M submissions are made up of several Firmwide schedules which cover the core operations of JPMC. The FR Y-14Q/M submissions collect detailed data on pre-provision net revenue, loans, securities, trading and counterparty risk, losses related to operational-risk events and business plan changes.

FR Y-14Q/M submissions are critical to JPMC as they are used by the Federal Reserve to estimate the effect of the stress scenarios on JPMC's net income and regulatory capital ratios in order to conclude on capital adequacy of the firm.

The individual will partner with colleagues across Corporate Finance, Risk functions, and the Line of Business (LOB) areas. The candidate's responsibilities include but not limited to:

  • Developing subject matter expertise on the instructions
  • Leading the initiative to perform an instructional review of all submissions across JPMC FR Y-14Q/M
  • Working closely with the LOBs to identify any changes to the submissions that are required as a result of the reviews
  • Liaising with Regulatory Policy to ensure proper interpretation of instructions/policy
  • Work with LOBs to developing knowledge of businesses to ensure instructions are applied to any unique aspects of the business
  • Performing analysis and reporting of the FR Y 14Q reports including preparing decks for management review
  • Leading initiative to assess compliance with instructions of FR Y-14Q/M submissions, work with lines of business across JPM and apply knowledge of the requirements to ensure compliance with the instructions across the various LOBs and implement changes as required
  • Report Owner for certain FR Y 14 Q schedules (Schedule F Trading and Schedule L Counterparty)


Qualifications
  • Ability to read and interpret Accounting/Regulatory policy
  • Strong product knowledge with an understanding of how products are reported in our various reports
  • Firmwide or LOB level Regulatory Reporting experience (consolidated reporting and/or CCAR reporting)
  • Ability to work on multiple workstreams with various stakeholders
  • Strong partnership building skills
  • Strong communications skills, written and verbal
  • Bachelor's degree in Accounting or Finance strongly preferred