Corporate Treasury - Structured Interest Rate Risk - Associate
Global Treasury and Chief Investment Office (TCIO) are responsible for managing the Firm's liquidity risk, interest rate risk, foreign exchange risk, and other structural risks. The division also manages the firm's capital, balance sheet, liquidity, funding, rating agency relationships and insurance activities.
Structural interest rate risk (SIRR) is the risk that the value of the Firm's financials and balance sheet may move due to changes in the level of interest rates. The Associate will join the SIRR Projects team, within TCIO, responsible for execution of multi-year initiatives designed to develop and continually improve the way the Firm measures, monitors, and reports SIRR.
Examples of initiatives include sourcing more robust data for the risk calculation process, integration of new models and cash flow calculators built by Quantitative Research into the reporting framework, enhancing reporting granularity (to enable risk reporting by currency, country, legal entity, etc.), and enhancing system capabilities in order to calculate risk results under different economic environments.
This role includes a high degree of interaction with stakeholders within JPMC's various lines of business as well as functional areas (Front Office/Strategy, Risk, Operations, Technology, etc.). The individual will be expected to own the full lifecycle of each project and will own several projects simultaneously. PRIMARY ROLE:
- Manage multiple stakeholders in order to agree on requirements
- Continuously follow up with stakeholders and subject matter experts to keep projects on track
- Investigation and problem solving
- Drive issues towards resolution within resource and timing constraints
- Communicate status of deliverables to key stakeholders
- Ensure a seamless handoff from testing to production
- Manage and drive projects to completion
- Data Analysis
- Source balance sheet positions into the reporting framework
- Use critical thinking to identify patterns in large data sets using SQL and Excel
- Analyze and identify unanticipated results
- Explain and communicate risk impact for key risk measures to stakeholders
WHY THIS ROLE?
The Associate will build upon his or her knowledge and experience in SIRR including risk measures, risk calculations, models, assumptions used to measure risk on various banking products (e.g. loans, deposits, and credit cards), and economic concepts including the yield curve and how to price and value various financial instruments.
- Training based on the TCIO Core Curriculum - a training program that covers topics relevant to the TCIO function including:
- Portfolio Strategy and Pension
- Balance Sheet Management and Liquidity
- Funding and Liability Management
- Portfolio Management
- Risk Oversight
- Intraday Liquidity
- Finance and Business Management
- Open and collaborative team environment
- Participation in networking and educational events
- Bachelor's degree in Finance, Economics, Statistics or other quantitative field required (Master's preferred)
- 4 years applicable work experience in similar field including
- Experience working with a balance sheet preferably in a risk management setting
- Working knowledge of interest rate risk metrics including BPV, Duration, and Earnings at Risk
- Analysis of large datasets in order to find patterns or anomalies based on business knowledge of products and risk measures
- Working with technology staff in an Agile development environment to raise, prioritize, and conduct UAT testing of features for a risk reporting business application
- Initiative and problem solving skills
- Ability to prioritize multiple tasks, and bring tasks to complete closure
- Strong technical skills especially Excel and knowledge of SQL
- Excellent writing and communication skills to explain issues and recommend solutions
- Strong collaboration skills to effectively work with different teams and levels of management
- Strong time management, planning and organizational skills