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Corporate Treasury - Financial Analysis Lead Product Owner - Associate

Company: JPMorgan Chase Bank, N.A.
Location: Newark
Posted on: May 3, 2021

Job Description:

The Treasury and the Chief Investment Office (TCIO) within JPMorgan is responsible for firm wide asset and liability management for one of the world's largest global financial institutions with a $2.5 trillion balance sheet, including more than $900 billion in loans and $1.4 trillion in deposits. Because it sits at the very center of the firm, TCIO directly influences the composition of the firm's balance sheet as well the activities of the firm's four main lines of business (LOBs): Asset & Wealth Management, Commercial Banking, Corporate & Investment Bank, and Consumer & Community Banking.

The Corporate Treasury Middle Office (CTMO) is part of the TCIO organization and provides support for the Firm in regards to both liquidity and structural interest rate risk (SIRR) reporting. Key responsibilities include:

  • Overseeing the operating model that supports the aggregation of data used in the Firm's risk management and ALM functions (i.e. balance sheet detail, forecasts, and assumptions). This includes the execution of key data integrity controls, reconciliations, adjustments, and analytics.
  • Coordinating the production of several Firmwide, LOB, and Legal Entity level risk reports (i.e. 5G, LCR, Stress, EaR, DV01, EVS) by expected deadlines. This involves working with contacts globally to quickly research and explain variances in calculated risk measures and "what if" scenarios to facilitate sign-off by senior risk stakeholders prior to report distribution internally and to regulators.
  • Partnering with internal data source providers and risk stakeholders across all lines of business to complete data investigations and resolve data quality issues with the goal of improving the timeliness and accuracy of all risk reporting on a continual basis.
  • Responding to internal or regulatory requests to complete ad hoc data analysis or produce custom reports as needed.

The team has locations in North America (Delaware and NY Metro), Europe (UK, Poland) and Asia (Hong Kong, India).

Responsibilities:

The Financial Analysis Lead Product Owner owns the end to end flow of information for banking book products (Deposits, Loans, Investment Securities) into the Firm's interest rate risk reporting process. The role is part of a larger global team responsible for critical risk reporting in a fast paced and data driven environment. There is significant exposure across the firm due to the scope of the role including to people, products, and technology. Key responsibilities include:
  • Coordinating the execution of all data diagnosticsinvestigations, controls, and risk analytics associated with banking book products in the SIRR reporting process. The Product Lead will be required to develop an understanding of the data sourcing model, the supporting cash flow assumptions and calculations, and the measures used to manage SIRR (i.e. DV01).
  • Performing deep dive data investigations and variance analysis to explain changes in risk calculations as part of a daily risk walk-forward that takes place with senior stakeholders.
  • Overseeing other Product owner responsibilities to ensure items are completed in line with SLAs and established controls and standards. This includes providing approvals and supervisory review as needed, taking escalations from Product owners or stakeholders, and providing training to the broader team. The Product team is made up of 4 people including the Product lead.
  • Working on projects to continually improve the end to end operating model and data quality while delivering on strategic business objectives. The Product lead will be expected to review and approve all changes to the data sourcing process.
  • Building enhanced data diagnostic capabilities and data visualizations to improve the end to end process and control framework utilizing the Firm's Intelligent Automation toolset (Python, Xceptor, Alteryx, Tableau) and support from internal Technology.
  • Participating in business review and metrics meetings with business and risk stakeholders to review KPIsKRIs.
  • Building and maintaining network of contacts with key stakeholders in the end to end process.

Qualifications:
  • 3+ years' experience in financial operations with an advanced degree in FinanceBusiness or a STEM discipline. Prior experience in riskfinancial reporting, balance sheet analysis andor asset and liability management is a plus.
  • Solid understanding of at least one banking book product (deposits, loans, and/or investment securities).
  • Some understanding of concepts and calculations pertaining to interest rate risk management and cash flows for major products on a Bank's balance sheet.
  • Strong analytical skills including the ability to complete data investigations quickly and summarize findings in a clear and meaningful way. A strong proficiency in SQL is required.
  • Strong technical skills. Prior programming experience specifically with Python or utilization of Robotics Process Automation (RPA) or data visualization tools such as Tableau are a plus.
  • Proven leadership experience including ability to facilitate a project or process across a large organization.
  • Independent critical thinking, problem-solving and decision making talents.
  • Ability to work under pressure, prioritize, multitask, and bring tasks to complete closure.
  • Organized and able to execute responsibilities with minimal supervision.
  • Strong written and verbal communication skills with ability to prepare executive level presentations.
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

Equal Opportunity Employer/Disability/Veterans

Keywords: JPMorgan Chase Bank, N.A., Newark , Corporate Treasury - Financial Analysis Lead Product Owner - Associate, Other , Newark, Delaware

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