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Regulatory Capital Management Office - Capital Risk Policy, VP

Job Description

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 Regulatory Capital Policy [& Oversight] team is seeking a Vice President to provide advice to and oversight to parts of the Markets Business within the Corporate & Investment Bank (CIB) with respect to U.S. regulatory capital matters and to provide support to Finance, Front Office and management teams in the EMEA region with respect to the application of both local and U.S. regulatory rules. 

 

RCMO is a Firm-wide group within Corporate Finance that is responsible for overseeing the RWA and capital measurement processes across the Firm, and helping ensure efficient and appropriate management of the Firm’s capital. Within the RCMO, the Regulatory Capital Policy & Oversight team is responsible for:

  • Providing interpretations of the U.S. capital rules for current, pending and proposed transactions in support of Front Office, Risk, Finance and Technology organizations across Lines of Business
  • Overseeing and coordinating the activities of established teams in Finance and Risk to ensure compliance with U.S. regulatory capital requirements
  • Liaising with the U.S. regulatory agencies regarding, regulatory examinations,  model changes and ad-hoc inquiries
  • Supporting regional Finance, Front Office and management teams across the globe with respect to application of both local and US regulatory capital rules.
 
Responsibilities
  • Proactively understand the activities of the Markets Business and how it impacts the Firm’s capital position
  • Provide interpretations and guidance on the regulatory U.S. capital treatment of parts of the Markets Business globally as well as large or unusual transactions, partnering with internal business and finance teams as well as internal subject matter experts
  • Provide interpretations of local regulatory rules across the EMEA region with respect to: (i) proposed transactions; (i) local regulatory rule changes; (iii) capital allocation and efficiency opportunities; and (iv) evaluation of local regulatory capital implications for expansion, growth, or contraction plans
  • Identify, tracking and limiting significant differences in application between U.S. and local regulatory requirements in EMEA
  • Support EMEA based Finance teams in maintenance of regulatory capital policies under local requirements
  • Provide assistance with host country regulatory queries and exams across EMEA
  • Maintain awareness of new and emerging regulatory capital matters and dissemination of information
  • Prepare and conduct internal education sessions on current, new and proposed regulatory capital pronouncements
  • Participate in industry peer group meetings on relevant regulatory capital issues.

  • Minimum of 7 years of relevant work experience

  • Product knowledge in the following areas; derivatives, securities, secured financing transactions and loans

  • Strong understanding of the Basel III capital requirements (U.S. or other application thereof) in the following areas; counterparty credit risk; wholesale credit risk, market risk and leverage ratios

  • Excellent interpersonal and communication skills (both written and oral)

  • Strong analytical skills and the ability to develop solutions that appropriately balance pragmatism, commercial reality as well as technical purity

  • Strong organizational, multitasking and prioritization skills

  • Strong MS Office skills (Word, Excel, Power Point, Project and Visio)

  • Bachelor's degree required

  • Banking and finance experience with either a leading banks or a Big Four accounting Firm strongly preferred


Req #: 160035636
Location: London, ENG GB
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: US Dollar (USD)

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