Address
Form of workJPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.
The Dodd-Frank Act requires large, systemically important financial institutions such as JPMorgan Chase to submit Board-approved Recovery & Resolution Plans ("RRPs"; a.k.a. Living Wills) to US regulators annually and upon the occurrence of material changes to the Company. Recovery Plans need to demonstrate how the firm would recover if the firm were to experience significant decreases in capital and liquidity as a result of a severe, crisis event. Resolution Plans need to demonstrate how JPM would be resolved in an orderly way (i.e., without causing a major market disruption), if the company ever became bankrupt. These plans are a strategic priority for the firm as failure to produce comprehensive, credible plans could lead to more stringent capital, leverage or liquidity requirements, and ultimately, to possible firm-wide structural/organizational changes. Similar regulatory requirements exist in the UK with the Bank of England and PRA (Prudential Regulation Authority) and other European, Asian and Latin American jurisdictions.
Position:
JPMorgan Chase is seeking an Associate/Sr. Associate to join the Global Recovery Planning and Treasury Resolution team. This team is responsible for planning, managing and ensuring quality control of the Global Recovery Plan and regional Recovery plans and the Global Treasury Resolution content and deliverables.
Job Responsibilities:
As a member of the Global Recovery and Treasury Resolution Program team, this role is responsible for a variety of day-to-day activities in support of the development and ongoing maintenance of Recovery Plans and Firmwide Resolution Plan. Specific duties would include the following:
- Assist in tracking Recovery and Resolution program deliverables, both Firmwide and Regional
- Coordinate deliverables with work streams and assist in maintaining timelines for completion of activities.
- Assist in interpretation of regulatory requirements to be addressed and maintaining documentation for each submission from local and foreign regulators.
- Assist is maintaining documentation of risks and issues and mitigating action plans.
- Perform quality control of work of plan deliverables to ensure adherence to firm standards.
- Track and report on deliverables progress to plan and keep management informed of impacts to project schedule.
- Effectively coordinate the activities of the team to meet project milestones.
- Interface with team members to ensure implementation of standards, processes and support services.
- Oversee BAU (Business as Usual) appendix cycle for Resolution.
- Assist with management presentations.
Required Qualifications, Skills, and Capabilities:
- 3-5 years experience in using formal project management methodology, techniques and tools.
- Experience in working in programs/projects with multiple work streams.
- Knowledge of and competency in project management process, issues management, change management, working in teams, monitoring and reporting, documentation and record keeping.
- Knowledge and experience using financial securities and products, specifically related to investment banking, trading, derivatives as well as liquidity, capital and treasury functions.
- Strong presentation and written communication skills; Attention to detail imperative.
- Ability to build strong relationships with key partners from different lines of business throughout the firm.
- Effective oral and written communications skills
- Bachelors' degree required
