CIB – F&BM – Global Securitized Products Product Control, External Reporting Team – Associate
J.P. Morgan is a leader in financial services, offering innovative and intelligent solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years and we keep their interests foremost in our minds at all times. This combination of product strength, intellectual capital and character sets us apart as an industry leader. J.P. Morgan is part of J.P. Morgan Chase Co. (NYSE: JPM), a global financial services firm with assets of more than $2 trillion.
The Securitized Products Group is part of the Corporate Investment Bank within JPMorgan. The business is involved in the following activities:
• Acquires, originates, warehouses, and subsequently securitizes consumer and financial assets
• Provides market liquidity through secondary trading for a range of mortgage and asset-backed products
• Provides financing of consumer financial products
• Underwrites securitizations for third party customers
• Structures and trades in derivative products linked to securitized products
JPMorgan is a market leader across these areas and has been a key driver behind the ongoing developments in the marketplace over recent years. The continued rate of change means that FBM needs to continue to adapt to the changing business needs and provide innovative solutions to business problems while maintaining a strong control framework.
The regulatory changes that affect SPG are wide-ranging. Among the most important changes are the Capital/RWA rules that are continuing to evolve. Implementations of these rule changes are staggered over the next several years, and much of this falls within the FBM space. Additionally, there are numerous changes to Regulatory filings that the firm must produce. All regulatory filings must be produced in a tightly controlled environment. There is no tolerance for errors within these schedules, and FBM is therefore held to the highest standard for items that we are responsible for. Regulatory reports are filed to the OCC, FED, and Bank of England, to name a few. Most line of business reporting takes place within FBM, and much of it specifically within the External Reporting team.
The SPG External Reporting team, within Product Control, is looking for someone who will be responsible for Regulatory Reporting and RWA/Capital for the EMEA/AP Securitized Products business, as well as, the Investment Banking Portfolio desk. The ideal candidate will have a track record for working well in a tightly controlled environment, will understand fixed income products (preferably securitized products in particular), and will ideally have a background rooted in accounting.
Functions Responsibilities:
• Responsible for Basel II/II.5/III implementations
• Responsible for balance sheet reporting and capital management
• Work with Regulatory Policy, Front Office, other LOBs, and various technology groups to meet deliverables
• Work with Model Risk Group to document model usage for specific deals and asset types.
• Involved in calculating the RWA estimates for individual transactions as well as providing regulatory capital input to the securitization structuring teams
• Work closely on tactical and strategic implementation of new regulatory rules
• Preparation of Regulatory reporting submissions
• Understanding and ensuring compliance with, control and regulatory requirements
• Self motivated and willing to take initiative
• Highly skilled at problem solving, with a logical and tenacious approach
• Ensure appropriate and timely escalation of issues.
Qualifications:
- An Associate (preferred) with experience in accounting (qualification preferred)
- Capital/Basel experience is a strong plus
- Knowledge of 10Q footnotes, Call Reporting/Y9C, and other SEC/Regulator reporting a strong plus
- Knowledge/experience with Securitized Products (RMBS, ABS, CMBS, CDS on ABS, etc.) is a strong plus
- Excellent interpersonal, communication and influencing skills
- Strong organizational and time management skills; able to work on multiple initiatives with competing deadlines
- Results orientated without compromising control.
About J.P. Morgan's Corporate Investment Bank
J.P. Morgan's Corporate Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at http://www.jpmorgan.com/ .
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