SA/AssociateCentral Challenger CORPORATE Pillar - Legal/LAW Resource - Model Risk Governance and Review

JPMorgan Chase & Co.
Experience : 3 Years
Education : CA, B.Com
Location : Bangalore
Job Role : Others
Posted on 19 Jun 19
Job DescriptionLast Date 18 Aug 19
SA/Associate_Central Challenger (CORPORATE Pillar - Legal/LAW Resource) - Model Risk Governance and Review

Job Category: Accounting/Finance/Audit/Risk

Job Summary:
The primary role of Central Challengers is to 
(i) constructively challenge and improve existing forecasting methodologies used across the Firm and 
(ii) review implementation accuracy and soundness of financial methodology & calculations. 
  • The Associate will support Pillar Leads on qualitative model reviews. 
  • Ability to think critically, take ownership of the review process and communicate effectively (both spoken and written) are critical to this role. 
  • The individual will be responsible for conducting reviews to evaluate the accuracy and completeness of key regulatory reports. 
  • The reviews will be performed across all lines of businesses and corporate functions, covering high priority areas such as
  • CCAR/DFAST (FR Y14A/Q/M) and internal stress testing
  • Resolution & Recovery
  • Budget Forecasting Processes 
  • In the process, the individual will acquire invaluable insights into the key drivers of all businesses at JPM. 
  • The work involves partnering with Corporate and LOB functions, contributing financial and quantitative analyses, and creating presentations for senior management in their discussions with the Capital Governance and Operating Committee, the Board of Directors, and regulators.
  • The position involves interaction with many teams across finance and 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:  
  • Work with the Review Leads to independently review/lead QM reviews and challenge key estimation methodologies, assumptions and analytics/tools used for firm-wide capital stress testing, resolution & recovery, budgeting and related processes
  • Areas of focus to be operational risk and any other banking activity with legal implications e.g. corporate tax
  • Review documentation of estimations and write assessment reports
  • Interact with teams across Finance and Risk functions, lines of business (front/middle/back office) and reporting groups.
  • Stay abreast of regulatory and industry requirements in finance / risk / accounting to manage reviews and changes in processes.
  • Develop expertize to challenge the inputs to Operational risk capital for the firm
  • Develop expertise across a broad spectrum of financial products & services (retail, wholesale and capital markets)

Qualifications and Skills:
  • Degree in law, in addition to finance/economics
  • 3-6 years of experience in banking / financial services industry
  • The candidate must be a self-starter who is able to work in a fast paced, results driven environment and a good team player
  • Strong quantitative, analytical, and problem solving skills
  • Strong Excel skills required (VBA / SQL is a plus),proficient in MS Office
  • Outstanding presentation, reporting and communication skills with attention to detail
  • Strong organizational, communication (verbal and written) and negotiation skills
  • Risk Management and Control mindset (ability to identify control gaps and/or issues)
  • Inquisitive and intellectually curious, has extreme attention to detail

Qualifications considered an additional plus:
  • Experience and knowledge in regulatory capital rules (Basel, CCAR, FR Y-9C)
  • Certifications such as FRM, CFA, etc.
  • Knowledge of regulatory guidelines (SR 15-18, SR 11-7)
  • Experience in corporate law e.g. M&A activities, ISDA rules, or a related area
  • Undergraduate in a discipline such as Economics
  • Understanding of macroeconomics and key macroeconomic indicators (e.g. GDP, unemployment, interest rates, spreads, etc.)

Location: Bangalore East, KA, IN
Job Type : Full Time
Interview Type : Face to Face Interview
Company Description
J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.