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Regulatory Capital Management Office - FCIR/Challenger-Associate

Bengaluru, KA
Job Code:
  • Banking & Finance
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Job Details

The Regulatory Capital Management Office (RCMO) is responsible for overseeing the end-to-end risk-weighted asset (RWA) and capital measurement processes across the firm, and help ensuring efficient and appropriate management of its capital. RCMO is part of the Corporate Finance function and is responsible for partnering with other functions, including Market Risk, Model Development & Review, Risk Reporting, Corporate Financial Reporting, and the LOBs to establish control and governance best practices and accountability for the Regulatory Capital process. RCMO is also responsible for interfacing with regulators on capital-related issues and guiding LOBs and clients on efficient capital decisions. The Central Challenger and Finance Calculation Independent Review (FCIR) teams within RCMO have a firm-wide purview for independently assessing and driving improvements in the following areas Forecasting methodologies developed within various lines of business (LOBs) for the Firms Capital Stress Testing process. It also includes developing independent statistical models/analytical calculators to challenge LOB results. Key assumptions and pro-forma financial results across material entities, primarily in the context of the Firm s Resolution and Recovery process. Key financial calculations across the Firm, including those related to capital measurement, stress testing & reporting, product valuations, and other high priority processes. Integrity of regulatory reports by performing variance analysis of actuals. The teams partner with the Corporate Capital Stress Testing team, Recovery & Resolution team, all LOBs, Regulatory Policy, Financial Reporting, Quantitative Research and various other Finance and Risk teams on various firm-wide initiatives. Job Summary The individual will be a part of the teams that drive improvements in key firm-wide processes by independently reviewing methodologies/analytics/tools for firm-wide capital stress testing, resolution & recovery and related processes. The opportunity presents an aspiring candidate to develop very broad set of cross-product skills in finance, risk, liquidity, accounting, capital and asset liability management, and in the process, acquire invaluable insights into the key drivers of all businesses at JPM. A successful candidate will typically demonstrate strong product specific fundamentals in finance, risk management and/or liquidity domains with an ambition to broaden the horizon in the future. Specialized experience in one of following areas is preferred. Functional knowledge of wholesale banking products & services such as Sales & Trading and Investment Banking (ECM, DCM, M&A),or Investor Services - Custody & Fund Services, Clearing & Collateral Management, and Financing) Regulatory knowledge and experience analyzing funding, capital and liquidity impacts on these businesses as a result of new regulation is highly desired. Experience in s tatistical modeling/validation with exposure to wholesale product pricing, market risk, and capital calculations for Basel accompanied by s trong MS Excel, MS Access, VBA and SQL skills . Experience in analyzing or developing financial institution recovery and resolution plans (e.g. corporate restructurings, workouts, bankruptcy, capital/liquidity cross-entity fungibility) within the wholesale space will be an added bonus. The position involves interaction with many teams across finance, risk, lines of business (front/middle/back office) and reporting groups. The ability to work efficiently and communicate effectively across these boundaries will be one of the keys to success. The role and responsibilities of the successful candidate will be determined based on qualifications, prior experience and demonstrated skills. Core Responsibilities n Partner with stakeholders within the team and outside on high priority reviews and ad hoc requests concerning Stress-Testing, Recovery & Resolution and External Reporting n Lead/participate in the independent assessment of forecasting frameworks used across the Firm for CCAR/DFAST. Evaluate appropriateness of key assumptions, inputs, methodology etc. and work with LOBs to close any identified gaps n Lead/participate in the i ndependent review of User Tools (UT) supporting key business functions with a focus on implementation accuracy, completeness, tool design and in select cases review conceptual soundness n Independently develop simple models/analytical tools to benchmark LOB results across a variety of P&L and balance sheet line items thereby providing senior management an alternate perspective to assess the reasonableness of CCAR/DFAST projections n Report and present plans, status and findings to various stakeholders and leadership Essential skills, experience, and qualifications n Graduate degree in a Finance, Engineering, Economics, Math/Statistics or related quantitative discipline n Strong quantitative, analytical skills and flair for independent research & problem solving n Knowledge of financial products, financial markets and regulatory requirements n Excellent leadership, collaborative and team management skills n Strong organizational, communication (verbal and written) and negotiation skills n Extreme attention to detail n Self-starter who is able to perform effectively in a fast paced, results driven environment n Control mindset (ability to identify control gaps and/or issues) Additional qualifications/experience considerations CFA/FRM/MBA (or obtaining such qualifications) Experience and knowledge in regulatory capital rules (Basel and CCAR)
Degree: MBA/ PGDM

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 3-5


Finance/Budgeting | Financial Analysis
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