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Corporate - Firmwide Risk Appetite – Vice President – NY

Job Description

JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries.  The firm is a leader in investment banking, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.


The Firmwide Risk Appetite (FRA) team within Corporate Risk is responsible for developing the firmwide Risk Appetite framework, which includes establishing parameters and setting tolerances across risk types and line of businesses. Additionally, the FRA team leads the analysis and presentation of Risk Appetite results to senior management and the Board of Directors. The FRA team evaluates these results against tolerances in the context of the Firm’s desired risk profile, capital adequacy, liquidity management, business strategy, earnings and return targets.


Key Responsibilities

  • Analyze and synthesize Risk Appetite results to quantify the impact of changes in the macroeconomic environment, exposure levels and methodology / modeling assumptions
  • Partner with Corporate and Line of Business Finance and Risk (market, credit, operational, liquidity, structural interest rate risk) teams to understand key business drivers of Risk Appetite results
  • Drive ongoing enhancements to the firmwide Risk Appetite framework, including:
    • Development of new and refinement of existing Risk Appetite parameters
    • Assessment of the calibration of stress assumptions and diversification across risk types
    • Further integration of Risk Appetite into strategic business planning at the Firm and Line of Business levels
  • Minimum Bachelor’s degree in a quantitative field; advanced degree preferred
  • 7+ years work experience in the financial industry, preferably in risk management
  • Familiarity with stress testing and capital planning strongly preferred
  • Strong quantitative and analytical background with an understanding of risk management concepts (e.g., VaR and market risk stress; liquidity risk, structural interest rate risk, credit risk and operational risk management metrics) and statistical measures
  • Strong communication skills and ability to clearly articulate complex concepts
  • Prior experience driving cross-organizational initiatives
Req #: 160022498
Location: New York, NY US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: 0 US Dollar (USD)

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