CIB - Credit Risk - Markets Infrastructure Risk - Vice President (Bronx)

  • Bronx, NY


: $175,340.00 - $175,340.00 /year *

Employment Type

: Full-Time


: Executive Management

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JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at Business Description: As a Market Infrastructure Risk Manager in the CIB Credit Risk - Market Infrastructure Risk team, you will be responsible for the assessment, approval, and monitoring of membership risks arising from Firms direct memberships of Financial Market Infrastructures (FMIs): Central Securities Depositories (CSDs) and Payment Systems. Typical Job Duties in Market Infrastructure Risk: Manage a complex and diverse global, cross-regional portfolio of Payment Systems and CSDs. Define and develop the risk assessment criteria, templates and risk methodology for conducting FMI membership risk assessments. Define and implement on-going monitoring and governance requirements for FMI membership risks. Perform annual membership risk assessments of direct FMI memberships, identifying and reporting key risks and exposures to J.P. Morgan Line of Business (LOB) stakeholders, and other key cross-functional partners. Represent Credit Risk in Applicability Assessments (AAs) and new business initiatives (NBI), to evaluate and identify risks associated with new / prospective FMI memberships. Participate in and contribute to Risk and LOB governance committees and forums related to FMIs; FMI Risk Reviews, Payment System and CSD Governance Forums, Network Steering Committee, etc. Own and maintain FMI Risk policies and Guidelines Provide global, cross-function / LOB risk and governance advisory and consultancy support on Payment, Clearing and Settlement (PCS) related activities and initiatives. Present key updates on membership risks and controls to senior management Work with LOBs and other key cross-functional partners to ensure J.P. Morgan's compliance with regulatory guidance, such as OCC Banking Circulars and Interpretive Letters. Prepare and deliver FMI Risk training. Work closely with Network Management, LOB Product Management, and other key functional partners to identify and mitigate risks arising from FMI memberships supporting custody, securities clearance and settlement, and payments services globally. Work on special projects and initiatives as needed (e.g. regulatory requests / examinations, recovery & resolution planning, etc.). Financial services background, with at least 5 years relevant experience in the industry Familiarity with J.P. Morgan LOBs and activities, securities and payments related clearing and settlement practices, and international banking concepts Experience in interacting with cross-functional / regional partners, and senior management across the organization Analytical skills; ability to understand risks and their drivers, ability to analyze and articulate risk views. Ability to lead and direct the risk agenda Ability to prioritize and deal with multiple tasks in a fast paced and evolving environment Effective project management skills, ability to contribute to enhancements in processes, controls, and systems Time management, problem solving, organizational and planning skills Solid written and verbal communication and presentation skills; strong influencing skills. Ability to develop partnerships and work with different teams interacting across all levels of the organization Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities. Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices. Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers. The firm invites all interested and qualified candidates to apply for employment opportunities. Need disability related assistance? If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please click here.
Associated topics: analyst, bank, budget, chief finance officer, equity trading, financial planning, investment banking, investor, risk, treasure

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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