Risk-Weighted Assets, Associate - JPMorgan Chase Bank, N.A.
Newark, DE 19702
About the Job
As a Risk-Weighted Assets Associate in the Capital Management team you will be responsible for end-to-end oversight of the firm's capital management framework to ensure the firm is compliant with regulatory capital requirements and maintains fortress principles related to capital levels, capital distributions/buy-backs, capital stress testing and internal capital allocation. You will work in close partnership with stakeholders within Risk, the Business and other Finance functions around the world to ensure a cohesive global approach to capital management.
The Basel Measurement and Analytics group within Capital Management produces and analyzes firm-wide Counterparty Credit risk regulatory capital results on a monthly basis. The team is responsible for implementation of Basel rules and enhancement to the Basel reporting infrastructure.
You will work closely with Lines of Business, Model Implementation, Technology and Regulatory Policy to advance the Firm's capital agenda in Retail Credit and Other Assets risk stripe.
Job Responsibilities:
- Performs deliverables related to production of Retail Credit Risk RWA. Analyze RWA, perform trend analysis, forecast-to-actual results variances and provide insights for stakeholders and senior management
- Provide technical expertise and recommendations in gathering and documenting requirements, analyzing customer needs, and designing technical solutions
- Develop solutions primarily using Python and SQL Queries and also other tools like Databricks, Alteryx, Xceptor, SharePoint, MS Access, VBA
- Performs quantitative impact studies (QIS) for regulatory agencies. Understand the upcoming rules and regulations in Retail domain, determine data gaps, draft resolution plans, and create implementation processes for reporting
- Partners with risk management, lines of business and technology teams to identify and remediate data quality issues. Tracking and management of issues through to resolution
- Implements new business initiatives, model updates collaborating with stakeholders and partnering with Technology
Required qualifications, capabilities, and skills:
- Bachelor's degree in Finance/Quantitative Finance Major/CFA charter holders having strong technical skillset OR Computer Science graduates with Finance industry background
- High degree of passion for application / solution development - the ability to rapidly learn and apply new technologies to meet business goals is critical
- Good interpersonal, oral and written communication skills to collaborate effectively
- Ability to multi-task, decide prioritization and capability to make decisions, organized, self-motivated and be a team player
- Strong analytical and problem solving skills, with focus on controls. Superior attention to detail and process-orientation
- Should have extensive hands-on experience in Python scripting to automate d ata transformation s, perform in depth data analytics, automate processes
- Should be in a position to develop solutions on Databricks platform using Python (PySpark, PANDAS, MatploLib, Seaborne) and SQL alchemy
Preferred qualifications, capabilities, and skills:
- Strong proficiency in Python and its libraries/frameworks especially Data transformation modules like PANDAS, Numpy, PySpark
- Ideal candidate should have around 3+ years of experience in Python development, with a proven track record of designing, developing, and deploying complex python solutions in Banking/Finance.
JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans