Job Description

The Chief Investment Office, Treasury and Corporate (CTC) Risk function is looking to hire a senior Associate/ VP to join the International Asset & Liability Management (ALM) Risk function covering JPMSE, one of the largest banks in Germany on a standalone basis.

As a Senior Associate/VP in the International Asset & Liability Management (ALM) Risk function covering JPMSE, you will contribute to the oversight of liquidity risk, interest rate risk in the banking book (IRRBB), credit spread risk in the banking book (CSRBB), and funds transfer pricing in JPMSE including risk monitoring, metric development, reporting, and governance while leading selected analyses and workstreams as required.

The International ALM Risk group partners with other internal Risk groups, Corporate Treasury, Line of Business Treasury groups and senior management to inform legal entity funding and risk management strategies through normal and stressed market environments. The team is responsible or oversight of liquidity risk, IRRBB, CSRBB and funds transfer pricing, under both regulatory defined and firm defined frameworks. International ALM Risk also acts as a primary interface to external regulators on ALM risk topics.

Job Responsibilities :

• Supporting the operation and enhancement of risk frameworks for liquidity risk, interest rate risk in the banking book (IRRBB), credit spread risk in the banking book (CSRBB) and funds transfer pricing within JPMSE
• Providing independent oversight of corporate and line of business treasury adherence to the liquidity, IRRBB, and CSRBB frameworks
• Being involved in second line review and challenge requirements such as change management, user testing, data and controls review and other matters that impact ALM risk
• Delivering new initiatives for the risk stripe, e.g., implementation of new regulatory requirements such as Climate Risk, ongoing development of CSRBB, supporting new business activities
• Developing and maintaining models where required, for example for use in capital allocation
• Conducting bespoke stress testing, ad-hoc analysis and deep dives on legal entity balance sheets and broader topics relevant to ALM risk
• Supporting regulatory and audit interactions on ALM Risk matters, including preparation, analysis and follow-up as required

Required Qualifications, Capabilities, and Skills:

• Experience in ALM Risk, Market Risk or a related quantitative area, with a strong interest in developing deeper expertise
• Strong grasp of basic financial theory and accounting principles
• Good understanding of financial markets and ability to link market developments to risk impacts
• Understanding of stress testing, various return measures and experience with stress construction
• Demonstrated ability to partner effectively across different businesses and functional areas
• Excellent oral and written communication skills, with the ability to develop and deliver executive level communication
• Well-developed analytical skills and strong critical thinking, with thorough attention to detail
• Strong Excel and data analysis skills, with the ability to work with large datasets and translate analysis into clear insights
• Experience with Tableau, Alteryx or Python, with an interest in innovation, automation and the practical use of AI-enabled tools
• Bachelor'/master's degree in finance, economics, mathematics, engineering, accounting or another quantitative discipline

Preferred Qualifications, Capabilities, and Skills:

• Experience in building relationships and managing interactions with regulators and/or auditors
• Familiarity with regulatory expectations for liquidity risk, IRRBB or broader ALM risk management would be beneficial
• Knowledge of / experience with behavioural assumptions underlying IRRBB
• Knowledge of / experience with secured funding, derivatives, or prime brokerage

About Us

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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.

About the Team

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.