Risk Management - Capital Risk Management - Associate

J.P. Morgan; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

JPMorgan Chase in New York seeks an Associate in Capital Risk Management to provide independent oversight of capital risk, defining and reporting metrics and monitoring limits. You will work with risk and finance leaders to develop analyses and present findings that influence risk management decisions.

We seek a strong quantitative background, experience with capital metrics, and the ability to explain complex concepts clearly.

Qualifications

• 2+ years experience in capital, liquidity, market risk and/or other risk areas; Treasury / Finance background
• Advanced degree in Finance, Mathematics, Financial Engineering, or a related quantitative discipline; certification or enrollment in CFA
• Proficiency in areas: LLM, Python, Tableau, Snowflake, Databricks, SQL, dashboard building
• Ability to grasp new concepts and assess potential risks to the firm’s capital position
• Strong knowledge of financial markets and asset classes (loans, repos, derivatives, securities)
• Understanding of balance sheet and income statement fundamentals
• Experience with data-driven storytelling via PowerPoint and Excel
• Excellent oral and written communication skills
• Strong analytical skills with the ability to develop thesis and present conclusions
• Demonstrate ownership, self-starter attitude, ability to work independently
• Superior attention to detail and process management
• Advanced degree in FRM would be a plus

Responsibilities

• Monitor regulatory capital metrics against limits; analyze and elevate breaches as needed
• Guide process improvements and automations leveraging AI/LLMs
• Analyze variances in capital metrics (RWA, TLAC, LTD, etc.)
• Independently assess capital management activities (forecasts, actions, stress tests)
• Conduct deep dives into regulatory changes and balance sheet moves
• Prepare board-level analyses and executive presentations
• Monitor current and emerging risks across asset classes
• Interact with capital management, P&A, lines of business and control functions

Skills

Analytical skills

Communication skills

Independent work

PowerPoint storytelling

Excel proficiency

Financial markets knowledge

Balance sheet understanding

Education

Advanced degree in Finance/Math/Financial Engineering or CFA

Tools

LLM

Python

Tableau

Snowflake

Databricks

SQL

Dashboard building

Job description

Bring your Expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As an Associate in Capital Risk Management, you will provide independent oversight of capital risk across the firm. CRM’s responsibilities include: defining, monitoring and reporting capital risk metrics; establishing, calibrating and monitoring capital risk limits and indicators, including capital risk appetite; developing processes to classify, monitor and report capital limit breaches; performing assessments of the firm’s capital management activities, including changes made to the Contingency Capital Plan; and conducting independent review of the firm’s interpretation of and compliance with the applicable regulatory capital.

Job Responsibilities

• Monitor regulatory capital metrics against capital risk limits and indicators; ensure accuracy of capital metrics being reported; analyze and elevate breaches as needed
• Guide process improvements and automations and develop new analytical capacities leveraging AI, LLM, etc.
• Analyze variances in capital metrics (such as Risk Weighted Assets, Leverage Exposure, CET1, Tier 1, Total Capital, TLAC and LTD capital)
• Independently assess, review, and challenge the firm’s capital management activities such as capital forecasts, capital actions, RWA / SCB / GSIB optimizations, internal targets, allocations, stress-test (CCAR) scenarios and results
• Conduct deep dives impacting firm’s capital such as changes in regulatory requirements, firm’s risk and/or balance sheet, market dynamics and present findings to senior management
• Prepare board-level analysis and supporting presentations for senior / executive management forums
• Monitor current and emerging risks across asset classes under coverage; stay up-to-date with market news, regulations and peer bank activity
• Frequent interactions with the key members of capital management, capital P&A, line of businesses, controllers and various support functions

Required qualifications, skills and capabilities

• 2+ years experience in capital, liquidity, market risk and/or other risk areas; Treasury / Finance background
• Advanced degree in Finance, Mathematics, Financial Engineering, or a related quantitative discipline; certification or enrollment in CFA
• Demonstrated proficiency in one or more of the following areas: LLM, Python, Tableau, Snowflake, Databricks, SQL, dashboard building
• Ability to quickly grasp new/unfamiliar concepts and assess potential risks to the firm’s capital position
• Strong knowledge of financial markets and various asset classes (retail and wholesale loans, repos, margin loans, OTC derivatives, trading securities etc.)
• Understanding of balance sheet and income statement fundamentals
• Experienced in data-driven and fluent storytelling via PowerPoint and adept at using Excel
• Excellent oral and written communication skills with ability to explain technical concepts in practical terms
• Strong analytical skills with the ability to develop thesis, clearly present ideas and draw appropriate conclusions
• Demonstrate high ownership, self-starter attitude, ability to work independently and prioritize key tasks effectively
• Superior attention to detail and process management

Preferred qualifications, skills and capabilities

• Advanced degree in FRM programs would be a plus

Benefits

We 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