Treasury & Chief Investment Office – Asset & Liability Management – Analytics Associate

Company Details

Treasury/CIO – Associate – Asset-Liability Management/Interest Rate Risk

The Treasury/Chief Investment Office (T/CIO) is responsible for firmwide asset and liability management, including:

  • Aggregating and managing the interest rate risk of the firm’s four main lines of business (LOBs), primarily through a global investment securities portfolio
  • Managing the firm’s funding and liabilities through long-term debt and other funding sources, and managing short term cash deployment activities
  • Aggregating and managing the firm’s liquidity risk, including deploying the firm’s excess liquidity. Also responsible for compliance with both internal and regulatory liquidity requirements
  • Aggregating and managing the firm’s structural foreign exchange risk
  • Risk managing Mortgage Servicing Rights (MSR) on behalf of the Mortgage Bank
  • Managing the company-sponsored retirement plan
  • Managing the end to end risk-weighted asset (RWA) and capital measurement processes across the firm, ensuring efficient and appropriate management of our capital, and managing the Firmwide Capital Stress Testing process

Because it sits at the very center of the firm, T/CIO directly influences the composition of the firm’s balance sheet as well the activities of its four main LOBs: Asset & Wealth Management (AWM), Commercial Banking (CB), Corporate & Investment Bank (CIB) and Consumer & Community Banking (CCB)

Role Description

The Associate position is part of the ALM (Asset/Liability Management) Analytics team within the ALM Research and Strategy Group. The Associate will focus on all aspects of asset/liability management including: conducting analyses around business strategy and financial products leveraging large data sets, driving improvements in business as usual processes, communicating analytics to management and partners across the firm, developing risk concepts and methodologies, and modeling. The ideal candidate should have knowledge of banking products and interest rate risk concepts as well as excellent time management and organization skills.

Responsibilities Include

  • Advance risk analytics at the product, line-of-business and firm level including topics:
    • Earnings-at-Risk, Duration of Equity, Future Duration of Equity, and AOCI sensitivity
  • Use programming skills to investigate and analyze product and firm level interest rate risk metrics
  • Become a product level expert (subject matter expert) with detailed understanding of all aspects of interest rate risk (IRR) for specific product categories (e.g. investment securities, wholesale or retail deposits, mortgage loans, auto loans, credit card loans, wholesale funding), including underlying source data analytics/analysis, product attributes and assumptions, valuation models, product balance forecasts
  • Develop, improve and implement product level cash flow models
  • Create and present IRR analysis and presentations to senior management and risk oversight
  • Use tools and knowledge to assist production team to implement advanced IRR analytics and analysis
  • Handle ad-hoc requests from various stakeholders to form and execute firm’s balance sheet strategy
  • Partner with IRR reporting/production team, model risk, internal audit, Risk Oversight, and Oversight & Control groups

Qualifications

The candidate must be a self-starter who is able to work in a fast paced, results driven environment.

  • 3+ years of of finance/banking industry experience
  • CFA/MBA/Masters preferred
  • Programming skills (Python, SQL) are essiential
  • Experience working with large data sets is a plus
  • Knowledge of capital markets instruments, banking book products and interest rate risk concepts
  • Strong analytical and quantitative, investigative problem-solving, and decision making skills
  • Strong, clear and concise written and verbal communication skills with ability to prepare executive level presentations
  • An organized self-starter and quick learner with the ability to work under pressure, prioritize multiple tasks, and bring tasks to complete closure
  • Focused work ethic, good business sense, and demonstrated initiative
  • Finance, Risk or Asset-Liability Management experience a plus
  • Strong technical skills, particularly in Excel and PowerPoint

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.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the “WELL Health-Safety Rating” for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm’s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm’s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

Equal Opportunity Employer/Disability/Veterans

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