Firmwide Regulatory Reporting & Analysis (FRRA), Associate Project Manager Position in Corporate Capital Stress Testing

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

Firmwide Regulatory Reporting & Analysis (FRRA), Associate Project Manager Position in Corporate Capital Stress Testing

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 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, and control and governance frameworks. Its 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 Corporate Capital Stress Testing team is responsible for managing the firmwide capital stress testing processes. As the owner of the firm's internal capital adequacy assessment ("ICAAP") as well as the Federal Reserve-mandated Comprehensive Capital Analysis & Review ("CCAR"), the team partners with lines of business, Finance and Risk management functions to prepare JPMC's Capital Plan to demonstrate capital strength under stress conditions in order to distribute capital in the coming year. The team is also responsible for managing the firm's communications with regulators on capital planning and stress testing, including providing feedback to Federal agencies on new regulatory requirements. In addition, the team is involved in the centralized firmwide effort to identify opportunities for capital efficiencies.

Corporate Capital Stress Testing partners with the lines of business, Finance and Risk areas as well as other Corporate functions, including Corporate/Capital Planning & Analysis, Regulatory Policy, Regulatory Reporting, Corporate Risk Management and Quantitative Research on its various initiatives.

This role will support the Program Manager in the planning, tracking and execution of the Capital Stress Testing activities such as:

  • Ensuring that LOBs and Central teams understand and complete all Stress testing deliverables
  • Analyzing and evaluating data gathered from multiple stakeholders for preparation of senior-level management presentations and regulatory deliverables
  • Preparing materials for weekly program governance meetings
  • Coordinating and preparing of regulatory reporting submissions and responses to the regulatory feedback/inquiries

This role will be a key member of the Corporate Capital Stress Testing team and will partner extensively with colleagues across both Corporate and line of business functions on the firmwide and legal entity capital stress testing processes.

The position offers good visibility into strategic capital management initiatives as well as the unique opportunity to understand firm initiatives from a big picture perspective. The team has significant visibility to senior management as the projects are regularly used by senior management in their discussions with the Operating Committee, the Board of Directors and regulators.

Qualifications
Experience / Knowledge:

  • Minimum 3-5 years business process management and/or project management experience
  • Bachelor's degree required
  • Knowledge of or direct experience in RWA and capital-related processes and analyses, a plus
  • Knowledge of or direct experience with regulatory reporting, a plus


Competencies:

  • Financial Services experience
  • Strong analytical and problem solving skills
  • Strong organizational, multitasking and prioritization skills
  • Extreme attention to detail and ability to work independently
  • Experience working on large-scale projects or processes across multiple teams/constituents
  • Control mindset (ability to identify and close control gaps and/or issues)
  • Strong written and verbal communication skills with ability to prepare executive level presentations
  • Strong interpersonal and relationship building skills
  • Demonstrated ability to influence and facilitate desired actions from constituents