Regulatory Reporting Assurance - Vice President

JPMorgan Chase; Greater London; On-site; GBP 140,000 - 220,000; Full time

Job summary

J.P. Morgan is seeking a Vice President within the Quality Assurance team to independently oversee regulatory calculation reviews and disclosures. You will leverage Excel and Alteryx to reproduce calculations and conduct substantive testing, presenting findings with impact assessments to senior management.

You will collaborate with the Regulatory Reporting and Capital Product teams, remediating findings and supporting reporting interpretations while ensuring timely delivery under tight deadlines.

Qualifications

• Familiarity with regulatory rules (CRR2/3) and COREP reporting under UK/EU regulation.
• Proficiency in Microsoft Office – Excel, Outlook, Word and PowerPoint.
• Degree qualification and either accountancy qualification or qualification by experience within Financial Services.
• Good understanding of investment banking products including derivatives and securities financing transactions.
• Self-motivated with the ability to work independently and deliver results under pressure.
• Strong communication skills to build relationships across teams and present findings.
• Strong analytical ability to critically review and challenge numbers.

Responsibilities

• Lead 1-4 month targeted reviews of regulatory calculations and disclosures.
• Assist the Reporting and Capital teams with remediation plans and related projects.
• Review requirements for upcoming regulatory implementations (e.g., future CRR6/Basel reviews).
• Track publications and interpretations from regulatory bodies and form reporting interpretations as required by the Reporting team.

Skills

CRR/CRR3 familiarity

Microsoft Office

Regulatory testing

Investment banking products knowledge

Self-motivated

Communication skills

Analytical skills

Education

Degree qualification (Financial Services)

Tools

Excel

Outlook

Word

PowerPoint

Alteryx

Job description

Job Description

Join the Quality Assurance team that consists of 5 people and reports into the Head of Regulatory Reporting in Finance. The team is responsible for providing assurance over the capital calculations of the UK and EU regulated entities under the CRR (Capital Requirements Regulation) and IFPR (Investment Firm Prudential Regime). Working alongside the Reporting, Capital Product (Change) and Capital Policy teams, the Quality Assurance team performs targeted reviews to substantively test the existing regulatory implementations. Topics in scope include RWA, Leverage and Large Exposure calculations, as well as IFPR calculations. The team is also responsible for reviewing new implementation requirements before they go live such as CRR3 / Basel 3.1.

As a Vice President within the Quality Assurance team, you will be responsible for your own individual projects. You will perform targeted reviews on regulatory calculations and disclosures.This will involve reviewing the relevant regulation, business requirements, and operating models. You will utilise Excel / Alteryx to recreate calculations independently and perform substantive testing. Where possible you will work with the Regulatory Reporting and Capital Product teams to help remediate any findings. At the conclusion of the review, you will write and present detailed reports of findings to senior management, including impact assessments and recommendations for further remediation plans.

The team also provides technical support to the Reporting team in several ways. This will include providing subject matter expertise with respect to reporting interpretations and assisting the Reporting team when issues or challenges arise. You will also work with the Change teams to identify appropriate ways to strategically remediate issues and ensure these are prioritised appropriately.

Job Responsibilities

• Work independently on 1-4 month projects to perform targeted reviews on regulatory calculations and related disclosures
• Assist the Reporting team with the implementation of remediation plans and / or other projects where required
• Work with the Capital Product / Last Mile teams to review the requirements for upcoming regulatory implementations, including future regulation and COREP requirements
• Track regulatory reporting publications, EBA Q&A’s and form reporting interpretations where required by the Reporting team

Required qualifications, capabilities and skills

• Familiarity with large parts of the regulatory rules (CRR2/3) and reporting requirements (COREP) under the UK / EU regulation
• Proficiency in Microsoft Office – Excel, Outlook, Word and PowerPoint
• Degree qualification and either accountancy qualification or qualification by experience within Financial Services industry
• Good understanding of investment banking products including derivatives / security financing transactions and banking products (deposits, loans, credit facilities)
• Self-motivated and ability to work independently; focused on execution skills and the ability to deliver results even through challenges
• Ability to communicate effectively and build relationships across teams
• Ability to critically review and challenge numbers with strong analytical skills; flexibility to work under pressure to meet changing work requirements

Preferred Qualifications, capabilities and skills (not required)

• Knowledge of the IFPR regulatory rules and reporting requirements
• Experience using Alteryx to build complicated solutions with large datasets

About Us

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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 ourFAQsfor more information about requesting an accommodation.

About the Team

J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.