Job Description

The Capital Risk Management (CRM) group within CTC Risk is a key component of the Independent Risk Management function, reporting to the CTC Chief Risk Officer (CRO), who also serves as the Firmwide Risk Executive for Capital Risk. CRM is responsible for the independent assessment, measurement, monitoring, and control of capital risk across the firm. The Capital Risk Policy (CRP) team conducts independent assessments of JPMC's regulatory framework to ensure compliance with applicable U.S. Basel rules and relevant regulatory guidance. CRP's assessments are integral to the firm's compliance with the Basel Coordination Committee's Bulletin 13-3, Guidance for Independent Verification of a Banking Organization's Advanced Approaches Systems. CRP's reports are provided to Senior Management, Independent Risk Management, and U.S. regulators.

Job Responsibilities

Distill regulatory rules and technical guidance into key requirements for use in assessments.
Demonstrate experience in one or more of the core regulatory capital Pillar I frameworks: Retail Credit Risk, Wholesale Credit Risk, Counterparty Credit Risk, Market Risk, and Credit Valuation Adjustment (CVA).
Review model documentation and interview subject matter experts to understand and critically evaluate potential impacts of model limitations, parameter estimation errors, or deviations from model assumptions; compare model outputs with empirical evidence and/or outputs from model benchmarks.
Review Basel capital models, evaluating the conceptual soundness of model specifications, reasonableness of assumptions, reliability of inputs, completeness of testing, robustness of numerical aspects, and suitability and comprehensiveness of performance metrics and risk measures.
Liaise with businesses, model developers, risk management, finance, technology, and operations to perform assessments.
Assess compliance with US Basel rule requirements and produce reports for management.
Exhibit expertise in regulatory policies, particularly with respect to the Basel III final rule and upcoming Basel III Endgame rules, and capital processes.
Evaluate and challenge the first line's proposals regarding product-specific rule interpretations, ensuring conceptual soundness and adherence to regulatory requirements.
Engage in comprehensive analyses of product-specific Risk-Weighted Assets (RWA).
Review internal implementation guidance for various products to assess compliance with applicable rules and regulations.

Required Skills, Experience, And Qualifications

Proficiency in model review or model development functions along with understanding of .
Demonstrated ability to implement Basel rule requirements.
Excellent analytical and problem-solving abilities.
Background in risk management with a basic understanding of risk drivers.
Competence in developing or reviewing at least one of the following models: Basel Capital models, risk models, SA-CCR, SA-CVA, pricing models, or analytics.
Excellent communication skills, both written and oral.
Detail-oriented with the ability to work independently.
Strong capability to navigate complex financial systems and processes.
Demonstrated ability to prepare clear and concise reports and effectively communicate complex modeling concepts in a simplified manner for senior management.

Preferred Skills, Experience, And Qualifications

Knowledge of the upcoming Basel III Endgame proposal.
Expertise in handling large data sets, empirical studies, data analysis, and statistics.
Experience in one or more of the following areas: capital policy, risk management, project management, and audit.

About Us

JPMorganChase, 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 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.

About The Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

Capital Risk Policy - Associate