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Analyst - User Tool Reviews - Model Risk Governance and Review (MRGR)

1.00 to 3.00 Years   Bangalore   09 Sep, 2022
JPMorgan
Job LocationBangalore
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaRisk / Underwriting
EmploymentTypeFull-time

Job Description

    Financial Institutions routinely use financial calculations for a broad range of activities including RWA/Capital calculation, external reporting, valuing financial instruments, measuring and managing risk, assessing the adequacy of reserves and capital resources, and many other applications. Risk arises from the potential adverse consequences of making decisions based on incorrect or misused outputs and reports, leading to financial loss, poor business decision making, or reputational damage. The User Tool (UT) review team within MRGR has a firm-wide purview for independently assessing and driving improvements in key financial calculation implementations across the Firm, including those related to capital measurement, stress testing, external financial reporting, product valuations, and other high priority processes.Position OverviewThe individual will be responsible for conducting reviews to evaluate the accuracy and completeness of high risk UTs within key/critical process areas such as:
    • SOX/CCAP (e.g. 10K/10Q, Footnote disclosures, Call Report and FR Y-9C)
    • Risk Management & Compliance
    • Valuation Control Group
    • Regulatory Capital/RWA reporting for Basel (FFIEC 101/102)
    The individual would also get opportunity to perform review of tier 3/4 qualitative models.Core Responsibilities
    • Perform independent review of UTs supporting key business functions with a focus on conceptual soundness, implementation accuracy, completeness, and tool design
    • Review UT documentation and write assessment reports
    • Interact with teams across Finance and Risk functions, lines of business (front/middle/back office) and reporting groups.
    • Stay abreast of regulatory and industry requirements in finance / risk / accounting to manage reviews and changes in processes.
    • Develop expertise across a broad spectrum of financial and non-financial risks and macroeconomic drivers.
    • Report and present plans, status and issues to various stakeholders and leadership
    The role and responsibilities of the successful candidate will be determined based on qualifications, prior experience and demonstrated skills.Qualifications
    • Graduate degree in finance, accounting
    • 1-3 years of experience in banking / financial services industry.
    • Experience and strong knowledge in regulatory capital rules (Basel, CCAR, FR Y-9C)
    • Knowledge of financial products / markets
    • Strong analytical, and problem-solving skills
    • Strong Excel skills required (VBA / Python is a plus), proficient in MS Office
    • Strong organizational, communication (verbal and written) and negotiation skills
    • Risk Management and Control mindset (ability to identify control gaps and/or issues)
    • Inquisitive and intellectually curious, has extreme attention to detail
    • Self-starter who can perform effectively in a fast paced, results-driven environment.
    Additional qualifications/experience considerations
    • Strong quantitative skills
    • Advanced degree in finance or accounting
    • Hands-on basic programming experience with Python / R
    • CFA, FRM and related certification
    • Knowledge of regulatory guidelines (SR 15-18, SR 11-7)
    ,

Keyskills :
business decision makingstress testingsmall businessproblem solvingbusiness bankinginvestment bankingfinancial services

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