Regulatory Capital Reporting - Credit Risk Senior Associate

J.P. Morgan; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading financial institution in Greater London seeks a Senior Associate for the Counterparty Credit Risk team within their Capital Reporting Regulatory department. The role involves preparing key reports for regulators, ensuring compliance with capital regulations, and collaborating across multiple business lines. Candidates should possess a degree, strong knowledge of capital reporting, and proficiency in Microsoft Office. Ideal for self-motivated individuals who excel under pressure and have a keen attention to detail.

Qualifications

• Extensive knowledge of current Capital regulations and reporting requirements (COREP / IFPR).
• Ability to communicate effectively at all levels.
• Self-motivated and able to work with minimal supervision.

Responsibilities

• Prepare monthly, quarterly, and biannual returns for UK solo regulated entities.
• Produce daily and weekly Credit & Counterparty Credit Risk Requirement measures.
• Serve as Subject Matter Expert on regulatory capital calculations.

Skills

Extensive knowledge of current Capital regulations

Proficiency in Microsoft Office

Strong analytical and problem-solving skills

Strong interpersonal and team working skills

Ability to communicate effectively

Education

Degree qualification

Accountancy qualification or qualification by experience

Tools

Alteryx

SQL

Job description

The position is in the Counterparty Credit Risk team within the Capital Reporting Regulatory department of Finance. The group is a service-orientated business comprised of specialised individuals with knowledge and expertise in understanding, managing and delivering capital requirement reporting to our regulators.

The production and monitoring of capital requirements is a high-profile function, providing financial information to the Prudential Regulation Authority (“PRA”) and the Financial Conduct Authority (“FCA”).

The core responsibilities of the Capital Reporting are:

• Preparation quarterly and biannual returns for Common Reporting (COREP) and Investment Firms Prudential Regime (IFPR) for the following solo regulated entities and their associated UK consolidation groups: JPMorgan Securities Plc, JP Morgan Europe Ltd and JPMorgan Markets Ltd, JPMorgan Mansart Management Ltd.
• Daily monitoring and preparation of capital adequacy and large exposures reports for the above entities, including a monthly scorecard with an allocation of exposure to Lines of Business
• Interpretation of the Regulatory rules which forms the basis of PRA / FCA reporting and providing regulatory guidance to the business.
• Partnership and supporting other Finance areas with their reporting requirements (e.g. recovery and resolution, ICAAP).

As a Senior Associate in the Counterparty Credit Risk team you will have the opportunity to interact with multiple lines of business and internal stakeholders while continuously learning within the Regulatory Capital Reporting space. You will liaise with various teams, including but not limited to: line of business finance teams, Operations, Treasury, Audit, Legal Entity Control teams, as well as working on requests from External Audit and the Regulators on an ad-hoc basis.

Job Responsibilities

• Prepare monthly, quarterly, and biannual returns for UK solo regulated entities and their associated UK consolidation groups.
• Produce daily and weekly Credit & Counterparty Credit Risk Requirement measures for all products, with particular focus on Derivatives & Securities Financing Transactions under both CRR (COREP) and IFPR.
• Produce the quarterly Credit Risk, Large Exposures, and Leverage Ratio reporting requirements, including a critical review of the following COREP templates: C7, C9, C11, C13, C14, C25, C34, C35 (Credit Risk) and LV40 to LV52 (Leverage Ratio) within COR001, and C26-C29 (Large Exposures) within COR002.
• Produce K-factors for MIF reports, with particular focus on Credit Risk (K-TCD) and Concentration Risk (K-CON).
• Serve as Subject Matter Expert on regulatory capital calculations.
• Perform analysis and challenge regulatory capital drivers and key variances, liaising with line of business reporting and providing commentary.
• Maintain control standards, adhering to firm-wide and local controls around User Tools, adjustments, and tracking of data/architecture issues.
• Understand reporting model infrastructure and implement streamlined process solutions for greater efficiency.
• Participate in non-BAU tasks, including projects and policy matters impacting capital requirements.
• Address internal and external audit requests, as well as inquiries from regulators.
• Partner with Policy and Projects teams to implement rule changes and system updates.

Required qualifications, capabilities and skills

• Degree qualification and either accountancy qualification or qualification by experience with Financial Services industry
• Extensive knowledge of current Capital regulations and reporting requirements (COREP / IFPR).
• Proficiency in Microsoft Office – Excel (pivot tables and vlookups), Access, Outlook, Word and PowerPoint
• Strong understanding of investment banking products, including derivatives and security financing transactions, as well as loans and other credit products
• Strong analytical and problem solving skills
• Strong interpersonal and team working skills
• Self-motivated and able to work with minimal supervision
• Flexibility to work under pressure to meet changing work requirements and strict deadlines
• Ability to communicate effectively at all levels
• Strong attention to detail

Preferred qualifications, skills and capabilities

• Alteryx / SQL knowledge
• Axiom user experience
• Familiarity with FRTB rules and requirements
• Familiarity with Basel 3.1 changes