JP Morgan Chase

Runs a consumer bank and an investment bank

Liquidity Risk Lead Vice President

Risk ManagementConfirmed live in the last 24 hours

Full-timeMumbai, Maharashtra, IndiaNo salary listedIn-person

About the Job

Requirements

A Master's degree in Business Administration, Economics, Finance, Mathematics, or Engineering, or a Chartered Accountant qualification, from a reputed institute is required.
Understanding of regulations, governance, and practices in interest rate risk in the banking book is required.
Strong understanding of bank balance-sheet items and central-bank monetary policy actions is required.
Follow market news, macroeconomic and political developments, and asset prices closely to recommend strategic and tactical investment avenues across asset classes and geographies.
Confidence to challenge portfolio managers’ market positions and views is required.
Understanding of financial instruments at various levels in the capital structure is required.
Understanding of governance and controls surrounding risk monitoring, including Earnings-at-Risk, Economic Value Sensitivity, stress testing, various return measures, and experience with stress construction is required.
Strong technical skills in Excel, PowerPoint, Visual Basic for Applications, and Bloomberg are required.
Excellent oral and written communication skills are required.
Ability to work effectively and independently across different businesses and functional areas is required.
Ability to work under pressure is required.

Responsibilities

Assess structural interest rate risk arising from asset-liability mismatch through investment securities and interest rate derivatives.
Identify, analyze, and assess the impact of specific market events or trends on the Bank’s current and projected balance sheet and income statement.
Assist in developing Net Interest Income strategy and optimizing Net Interest Income for the Chief Investment Office and Treasury.
Track JPMorgan’s interest rate risk profile and the effects of current and forecast macroeconomic trends on the interest rate risk profile.
Monitor Economic Value of Equity and Earnings-at-Risk measures for interest rate risk in the banking book.
Identify, assess, and monitor liquidity risks related to the Firm’s business activities, including banking activities such as deposits, loans, and commitments, and non-banking balance-sheet activities such as unsecured and secured funding, lending, prime brokerage, and derivatives.
Analyze sources and uses of liquidity at the firm-wide and legal-entity levels, including understanding the Firm’s businesses and products.
Conduct deep-dive reviews of specific legal entities, lines of business, products, or market moves to analyze potential risks.
Perform regulatory Recovery and Resolution and Volcker-related reviews of JPMorgan legal entities and lines of business.
Conduct reviews of regulatory requirements for the Liquidity Coverage Ratio and Net Stable Funding Ratio.
Develop and implement liquidity risk governance policies and procedures, focusing on liquidity risk stress testing, scenario design, and liquidity risk measurement.
Contribute to defining risk policies, procedures, and overall governance to manage risks efficiently in business-as-usual and stressed conditions.
Oversee monitoring and evaluation of existing risk limits.
Independently review regulatory and internal stress scenarios, including analytical review of key market and behavioral assumptions, and manage ad hoc analysis; support development and execution of stress and back-testing processes.
Conduct in-depth analysis and create presentations for senior management meetings and the Asset-Liability Committee.
Monitor the existing Funds Transfer Pricing framework regularly.
Assist with regulatory requests regarding model updates and migrations.
Partner with other departments, including within Chief Investment Office, Treasury and Corporate Risk, and other lines of business, to support consistent risk oversight and stakeholder engagement.

Desired Qualifications

CFA, FRM, or another relevant quantitative, finance, or risk certification is preferred.
Strong understanding of balance-sheet analysis and Funds Transfer Pricing analysis, especially for banks and traditional banking and complex non-banking products, is preferred.
Understanding of liquidity norms and requirements under Basel III is preferred.
Experience in liquidity risk management with a wide range of quantitative, financial, and risk-management techniques and systems is preferred.

Join our Liquidity Risk team and help oversee the risks that shape the Firm’s balance sheet, liquidity profile and interest rate exposure.

Job summary

As a Liquidity Risk Lead in the Chief Investment Office , Treasury and Corporate (CTC) Risk team, you will support Asset and Liquidity Management Risk Oversight across APAC locations. You will get an opportunity to gain insight into how the Firm measures and models liquidity risk and interest rate risk in the balance sheet.

Job responsibilities

Assess structural interest rate risk arising from asset-liability mismatch(ALM) through investment securities and interest rate derivatives
Identify, analyze and assess the impact of specific market events or trends on the current and projected balance sheet and income statement of the Bank
Assist in the development of Net Interest Income (NII) strategy and NII optimization for CIO and Treasury
Track JPM’s interest rate risk profile and effects of current and forecast macroeconomic trends on IRR profile
Monitor Economic (EVE) and Earnings based measures (EaR) for IRRBB
Identify, assess and monitor liquidity risks related to the Firm’s business activities including banking (deposits, loans, commitments, etc.) and non-banking balance sheet (unsecured funding, secured funding, lending, prime brokerage, derivatives, etc.)
Analyze sources and uses of liquidity on a firm wide and legal entity level, including understanding firm’s businesses and products
Conduct deep dive reviews on specific Legal-Entity/Line-of-business/specific-product/market-moves to analyze potential risks
Perform Regulatory Recovery & Resolution and Volcker related review on JPM Legal-Entities/Line-of-Businesses
Conduct reviews of the regulatory requirements for the Liquidity Coverage Ratio and Net Stable Funding Ratio
Develop and implement liquidity risk governance policies and procedures, with a focus on liquidity risk stress testing, scenario design, and liquidity risk measurement
Contribute to the definition of risk policies, procedures and overall governance, in order to efficiently manage the risks, both in business-as-usual and in stressed conditions
Oversee the monitoring and evaluation of existing risk limits
Provide independent review of regulatory and internal stress scenarios, including analytical review of key market and behavioral assumptions and management of ad hoc analysis; support the development and execution of stress and back-testing processes
Carry out in-depth analysis and create presentations for senior management meetings and Asset-Liability Committee (ALCO)
Monitor on regular basis existing FTP framework
Assist with regulatory requests regarding model updates/migrations
Partner with other departments (i.e. within CTC Risk), other LOB’s to support consistent risk oversight and stakeholder engagement.

Required qualifications, capabilities, and skills

An excellent academic record and Masters Degree in Business Administration / Economics / Finance / Mathematics / Engineering (or CA) from a reputed institute are required
Understanding of regulations, governances and practices in interest rate risk in the banking book (IRRBB)
Strong understanding of Bank’s B/S items, central banks monetary policy actions; required to follow market news, macroeconomic and political developments and asset prices closely – to be able to recommend strategic and tactical investment avenues across asset classes and geographies; confidence to challenge portfolio managers’ market positions and views
Understanding of financial instruments at various levels in the capital structure
Understanding of the governance and controls surrounding risk monitoring including, EaR, EVS, stress testing, various return measures and experience with stress construction
Excellent oral and written communication skills
Demonstrated ability to work effectively and independently across different businesses and functional areas
Ability to work under pressure
Strong technical skills in Excel, PowerPoint, VBA and Bloomberg

Preferred qualifications, capabilities, and skills

CFA, FRM or other relevant quantitative, finance or risk certification is preferred
Strong understanding of balance sheet analysis and Fund Transfer Pricing (FTP) analysis especially for Banks for traditional banking and complex non-banking products is preferred
Understanding of Liquidity norms and requirements under Basel III requirements is preferred
Experience in Liquidity Risk management with a wide range of experience with quantitative, financial and risk management techniques & systems is preferred

About the Company

JP Morgan Chase

Runs a consumer bank and an investment bank

JPMorgan Chase runs the largest bank in the United States, which serves households and small businesses as Chase and large companies, governments, and investors as J.P. Morgan. During the 2008 financial crisis it bought the failing investment bank Bear Stearns and lender Washington Mutual, and in 2023 it took over First Republic Bank after regulators seized it. Chase takes deposits and earns interest on credit cards, mortgages, and car loans, while the investment side earns fees for advising on mergers, raising money for companies, trading stocks and bonds, and managing wealth. Formed in a 2000 merger, JPMorgan Chase traces its roots to 1799 and is based in New York City.

Company size: 10,001+
Company stage: IPO
Headquarters: New York City, New York
Founded: 1799

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