Resolution Stress Testing Markets - Associate

Aumni

Aumni

Brooklyn, NY, USA
Posted on Sep 26, 2024

Job Description

Looking for a role where you can further develop your knowledge of Markets businesses, use your analytical and quantitative skills and work with stakeholders across the Firm to drive a challenging agenda? As an Associate in our Resolution Stress Testing team, you will play a crucial role in shaping our strategic response to regulatory challenges, working with our CIB lines of business, Corporate Treasury and second line experts in Market Risk, Valuation Control Group, Liquidity Risk Management and Model Risk Governance. This position offers exposure to senior management, regulatory engagement, and the chance to work on high-profile projects. Join us and be part of a diverse, inclusive team that values innovation and collaboration.

As an Associate in the Resolution Stress Testing team, you will be at the forefront of developing our strategy to wind down markets businesses during a recovery or resolution event. You will work closely with various lines of business to develop strategies for packaging and selling our markets business. Your role will involve developing approaches to and quantifying exit costs, estimating liquidity impacts, and assessing Risk-Weighted Assets (RWA) as a result of the strategy. This is a unique opportunity for someone interested in treasury concepts, capital markets and stress testing to contribute to the firm's financial resilience and to build a broad suite of skills. Play a crucial role in shaping the firm’s strategic response to regulatory challenges and gain exposure across the organization to develop your expertise in stress testing in deep market and idiosyncratic scenarios considered in Recovery and Resolution Planning.

Our team is dedicated to ensuring the firm's stability and compliance with regulatory requirements. You will collaborate with experts across different functions, providing you with a holistic view of the financial landscape. Your contributions will directly influence our strategic decisions and help us navigate complex regulatory environments. If you are a dynamic individual with intellectual curiosity and a strong track record of insightful analysis and control focus, we invite you to apply and be part of our innovative team.

Job Responsibilities:

  • Develop strategies for the orderly wind down of trading and derivative activities.
  • Collaborate with lines of business to develop approach to package and sell markets businesses.
  • Develop approach to quantify exit costs in various scenarios.
  • Estimate liquidity and Risk-Weighted Assets (RWA) impacts.
  • Contribute to Resolution Financial Analytics, including regulatory submissions.
  • Present results to senior stakeholders.
  • Review and refine methodologies and approaches.
  • Drive continuous improvement and develop new methodologies and system functionalities.

Required Qualifications, Capabilities, and Skills:

  • Strong working knowledge of derivatives pricing and P&L, securities, secured financing, market, and/or counterparty credit risk or valuations experience.
  • 3 years of experience in financial analysis or a related field.
  • Strong analytical, investigative problem-solving, and decision-making skills.
  • Ability to take initiative and solve problems independently.
  • Excellent communication skills, particularly in explaining technical concepts.
  • Proficiency in Excel and PowerPoint.
  • Familiarity with automated solutions, such as Alteryx, or desire to learn
  • Strong relationship-building skills and the ability to engage various functions and locations.
  • Comfortable with detailed independent analysis and coordinating input from others.
  • Good organizational skills & planning ability
  • Strong teamwork and communication skills
  • Strong interpersonal and influencing skills to be able to work closely across different stakeholders
  • Ability to work under pressure and to strict deadlines

Preferred Qualifications, Capabilities, and Skills:

  • Experience in developing Qualitative Models and model review.
  • Familiarity with regulatory requirements and compliance.
  • Experience in stress testing or similar financial resilience assessments.

NOTE: This positions is not eligible for sponsorship

About Us

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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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.

JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans

About the Team

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.