Job Description:

Associate/Sr Analyst_Central Challenger (CIB Pillar) - Model Risk Governance and Review Req # 190089356

Location Bangalore East, KA, IN

Job Category Accounting/Finance/Audit/Risk

JP Morgan is a leading global financial services firm, established over 200 years ago

We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management

We have assets of $25 trillion and operations worldwide

We operate in more than 100 markets

We have more than 243,000 employees globally

Our wholesale businesses include JP Morgans Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families

Our corporate functions support the entire organization and include the following functions Accounting, Audit, Finance, Human Resources, Operations, and Technology

JP Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses Our Global Service Centres (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firms operations regionally and globally The centres provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions

Model Risk Governance & Review (MRGR) Central Challenger Team (CCT) UT Reviews - Senior Analyst/Associate

Model Risk Governance and Review (MRGR) is responsible for review and maintenance of estimation methodologies across the firm

The Central Challenger team (CCT) within MRGR is focused on Independent assessment of key financial calculations across the entire firm The team engages in review of calculations implemented in areas relating to regulatory submissions (eg 10K/10Q, FR-Y9C, FRY-14A), product valuations, capital calculations, forecasting methodologies, CCAR and other high priority processes across all lines of business and corporate functions The role requires a good understanding of finance, accounting and risk concepts, technical knowledge to review various tools/formats, and analytical skills to challenge the conceptual soundness of methodologies applied, and to identify gaps/areas of potential improvement in calculation processes

The team partners with the Corporate Capital Stress Testing team, Recovery & Resolution team, LOBs, Regulatory Policy, Financial Reporting, Economic Scenarios, Quantitative Research and various other Finance and Risk teams on various firm-wide initiatives

Job Summary

The primary role is to review implementation accuracy and conceptual soundness of financial calculations implemented in User tool (UT) (ie MS Excel, MS Access, VBA, R, Python, Eview, etc) Ability to think critically, take ownership of the review process and communicate effectively (both spoken and written) are critical to this role Specialized roles may require fluency in statistics and research skills The reviews will be performed across all lines of businesses and corporate functions, covering high priority areas such as

CCAR/DFAST (FR Y14A/Q/M) and internal stress testing

Resolution & Recovery

Budget Forecasting Processes

Regulatory Capital/RWA reporting for Basel (FFIEC 101/102)

External financial reporting (eg 10K/10Q, Footnote disclosures, Call Report and FR Y-9C)

In the process, the individual will acquire invaluable insights into the key drivers of all businesses at JPM The work involves partnering with Corporate and LOB functions, contributing financial and quantitative analyses, and creating presentations for senior management in their discussions with the Capital Governance and Operating Committee, the Board of Directors, and regulators

The position involves interaction with many teams across finance and risk, lines of business and reporting groups The ability to work efficiently and communicate effectively across these boundaries will be one of the keys to success The role and responsibilities of the successful candidate will be determined based on qualifications, prior experience and demonstrated skills

Core Responsibilities

Review and challenge financial calculations in various UTs /applications in high priority areas

Understand methodology used in the financial calculations and its broader impact / contribution to the firms overall finance / risk framework

Evaluate appropriateness of the assumptions and methodology utilized in the UTs/ applications and identify the errors and potential improvements in the calculation processes

Document the findings and socialize the findings with relevant stakeholders

Perform peer-reviews for quality assurance purposes

Assist in review planning, scheduling, tracking and reporting as needed

Partner with other review functions on high priority reviews and ad hoc requests

Stay abreast of regulatory and industry developments pertaining to finance / risk / accounting

Qualifications and Skills

Graduate degree in finance, accounting, economics or MBA (undergraduate in a quantitative discipline such as Mathematics, Statistics, Engineering, or related quantitative field highly desired)
3-6 years of experience in banking / financial services industry preferably in risk reporting domain
Experience and strong knowledge in regulatory capital rules (Basel, CCAR, FR Y-9C)
The candidate must be a self-starter who is able to work in a fast paced, results driven environment
Strong quantitative, analytical, and problem solving skills
Strong Excel skills required (VBA / SQL is a plus), proficient in MS Office
Outstanding presentation, reporting and communication skills
Strong organizational, communication (verbal and written) and negotiation skills
Risk Management and Control mind-set (ability to identify control gaps and/or issues)
Inquisitive and intellectually curious, has extreme attention to detail

Qualifications considered an additional plus

Certifications such as FRM, CFA, etc
Experience with various models, including pricing, capital, and/or financial forecasting models

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Financial Services/Stockbroking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Cost Accounting/ ICWA
Salary : As per Industry Standards
Deadline : 18th Mar 2020

Key Skills:

Company Profile:

JPMorgan Chase & Coarfix

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