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 www.jpmorganchase.com
JPMC’s Internal Audit Department, which is comprised of over 900 auditors globally, reports to the Audit Committee of the Board of Directors and is further accountable to the Chairman and CEO, senior management, and the regulators. Audit is an independent risk assessment function established within the organization to evaluate, test and report on the adequacy and effectiveness of management’s system of internal control.
The Corporate Finance Audit team provides audit coverage of Corporate Finance including the Regulatory Capital Management Office (RCMO). The RCMO oversees the end-to-end risk-weighted asset (RWA) and capital measurement processes across the firm, and helps ensure efficient and appropriate management of the firm’s capital. The Corporate Finance team works closely with each Line of Business Audit team and the Corporate Risk Management audit team to ensure appropriate coverage of regulatory capital management and reporting.
The Corporate Sector Associate, based in New York, will report to the Corporate Sector Audit Manager who is responsible for Basel regulatory capital and RCMO audit coverage. The Senior Auditor will be responsible for assisting with ongoing risk assessment, control identification, audit execution and continuous monitoring activities focusing on regulatory capital management process. The role provides an opportunity to gain exposure to various areas within JPM Corporate Finance and Corporate Risk Management.
- Lead or assist on audits related to CCAR and Basel advanced systems
- Participate in all aspects of the Audit life-cycle including planning, testing, documentation, control evaluation, reporting and issue closure validation.
- Communicate audit findings to management and identify opportunities for improvement in the design and operating effectiveness of key controls.
- Provide ongoing continuous monitoring and relationship management for key stakeholders
- Employ computer-assisted auditing tools where possible to maximize the efficiency of sampling.
- Bachelors degree in Accounting, Finance or related discipline
- 2 - 5 of financial services experience preferably in public accounting, internal audit, risk management or other control functions.
- Knowledge of capital planning, capital management, stress testing, financial forecasting and/or CCAR reporting is preferred.
- Basel II/III knowledge and relevant supervisory guidance/expectations
- Ability to manage multiple tasks concurrently in an efficient and effective manner and with minimal supervision.
- Excellent communication (verbal and written) and interpersonal skills, with the ability to present complex and sensitive issues to senior management and influence change.
- Enthusiastic, self-motivated, strong interest in learning, effective under pressure and willing to take personal responsibility/accountability.
- CPA, CFA, FRM or similar certification strongly preferred.