What are the responsibilities and job description for the Policy position at JPMorganChase?
DESCRIPTION:
Duties: Provide guidance on and interpretations of the U.S. regulatory capital and liquidity rules for current, pending, and proposed transactions in support of the front office, risk, finance, and technology organizations across lines of business, as well as liaise with regulatory agencies regarding examinations and ad hoc regulatory inquiries. Responsible for various aspects of the firm's capital planning governance framework. Join the requirements of counterparty credit risk and credit valuation adjustment (CVA) for derivatives. Support and lead the development and maintenance of key rule interpretations and guidance documents for derivatives RWA (i.e., SA-CCR, CVA RWA) and derivatives SLR, and become the topic owner of the subject. Provide assistance to key functional groups in the current Basel III capital calculation workflow. Support Basel IV projects jointly undertaken by finance and risk organizations by providing policy interpretation support and advice on industry best practices to the project teams. Support the development of the CVA RWA systems and the enhancement of SA-CCR systems. Support the firm’s advocacy effort on Basel IV across the wholesale and CCR spaces. Work with LOBs and corporate functions to develop the firm’s perspective on key issues. Provide other LOB-aligned C&LP colleagues with subject-matter expertise and support on derivatives RWA and SLR calculation and reporting. Support and own the governance responsibilities over Basel III CCR capital models through committee work and cross-functional workgroups. Manage the firm’s notification process for CCR capital models.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Management, Finance, Economics, Business Administration, Accounting, or related field of study plus 2 years of experience in the job offered or as Policy, Analyst, Financial Analysis, Business Analyst, or related occupation. The employer will alternatively accept a Bachelor's degree in Management, Finance, Economics, Business Administration, Accounting, or related field of study plus 5 years of experience in the job offered or as Policy, Analyst, Financial Analysis, Business Analyst, or related occupation.
Skills Required: Requires experience in the following: understanding mathematical capital calculation regulations published by the Federal Reserve Bank and the Office of the Comptroller of the Currency for complex derivatives products; capital and reporting infrastructures using workflow and operating models; Monte-Carlo simulation framework for derivatives internal model method (IMM) framework; accounting credit valuation adjustment (CVA); collateral risk requirement established by the U.S. regulators including the non-cleared margin rule; performing research on complex regulatory capital issues, by reviewing U.S. regulations and policy documents; financial modeling; derivatives and exchange traded products, including derivative pricing and risk measurement; Standardized Approach to Counterparty Credit Risk (SA-CCR), IMM, and Simple CVA in a capital management function using Basel III; Synthesizing and analyzing data to ascertain key facts and trends when analyzing transactions and regulatory rules; regulatory capital reporting; understanding bank balance sheets.
Job Location: 500 Stanton Christiana Rd, Newark, DE 19713.
ABOUT USWe offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
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.
