Head of JPMSE Asset & Liability Management (ALM) Risk – Executive Director

Job Description 

As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities.  Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.

The Chief Investment Office, Treasury and Corporate  Risk function is looking to hire a risk professional with strong quantitative capabilities to join the International Asset & Liability Management Risk function covering JPMSE, the firm’s main EU entity that on a standalone basis ranks amongst the largest banks in Germany.

Reporting locally to the JPMSE Chief Risk Officer and functionally to the Head of International ALM  Risk, you will be responsible for liquidity risk, interest rate risk in the banking book , credit spread risk in the banking book, and funds transfer pricing in JPMSE including risk monitoring, metric development, reporting, and governance.

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 stress market environments. The team is responsible for managing Liquidity and IRR risks under both regulatory defined and firm defined frameworks. International ALM Risk also acts as a primary interface to external regulators on ALM risk topics.

This role is a senior role and will have significant interaction and visibility with all levels of management across JPMSE as well as senior management at the firm level. Your responsibilities will include:

• Leading the multi-location EU ALM Risk team
• Defining, establishing and enhancing 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
• Establishing an appropriate control and limit framework including approving limits and indicators and developing risk monitoring, metrics, stress tests, governance and reporting.
• 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 e.g., for use in capital allocation.
• Conducting bespoke stress testing and ad-hoc analysis and deep dives on legal entity balance sheets and broader topics relevant to liquidity risk, interest rate risk, credit spread risk and funds transfer pricing. 
• Acting as primary contact point for regulatory and audit interactions on JPMSE related ALM Risk
• Escalating to senior management, up to the Board of Directors, as required

Required qualifications, capabilities and skills:

We are looking for someone excited to join our organization.  If you meet the minimum requirements below, you are encouraged to apply to be considered for this role:

• Proven track record of risk expertise in ALM Risk, Market Risk or a related quantitative area
• Extensive experience building and managing risk frameworks at large financial institutions
• Good people leadership skills and track record of leading a team
• Demonstrated ability to partner effectively across different businesses and functional areas
• Understanding of financial markets and current events, and a demonstrated ability to infer the relevance and impacts for the entity, and the firm
• Substantial experience in building relationships and managing interactions with regulators and auditors
• Excellent oral and written communication skills, with an ability to develop and deliver effective presentations to senior management
• Demonstrated ability to drive innovation through improved processes and the creation of automated solutions
• Strong critical thinking skills, with thorough attention to detail
• Bachelor's/Master’s Degree in a quantitative field

Preferred qualifications, capabilities, and skills

• Working knowledge of EBA guidelines and requirements as they pertain to risk management.

• Knowledge of / experience with behavioral assumptions underlying IRRBB

   

• Knowledge of / experience with climate and environmental risk
• Knowledge of/experience with secured funding, derivatives or prime brokerage

• Experience interacting with the European Central Bank (or other EMEA regulators)