Associate Capital Risk Policy

Description

The Capital Risk Management (CRM) group within CTC Risk is a key component of the Independent Risk Management function reporting to the CTC Chief Risk Officer (CRO) who also serves as the Firmwide Risk Executive for Capital Risk. CRM is responsible for the independent assessment measurement monitoring and control of capital risk across the firm. The Capital Risk Policy (CRP) team conducts independent assessments of JPMCs regulatory framework to ensure compliance with applicable U.S. Basel rules and relevant regulatory guidance. CRPs assessments are integral to the firms compliance with the Basel Coordination Committees Bulletin 13-3 Guidance for Independent Verification of a Banking Organizations Advanced Approaches Systems. CRPs reports are provided to Senior Management Independent Risk Management and U.S. regulators.

Job Responsibilities :

• Distill regulatory rules and technical guidance into key requirements for use in assessments.
• Review Basel capital models evaluating the conceptual soundness of model specifications reasonableness of assumptions reliability of inputs completeness of testing robustness of numerical aspects and suitability and comprehensiveness of performance metrics and risk measures.
• Demonstrate experience in one or more of the core regulatory capital Pillar I frameworks : Retail Credit Risk Wholesale Credit Risk Counterparty Credit Risk Market Risk and Credit Valuation Adjustment (CVA).
• Review model documentation and interview subject matter experts to understand and critically evaluate potential impacts of model limitations parameter estimation errors or deviations from model assumptions; compare model outputs with empirical evidence and / or outputs from model benchmarks.
• Liaise with businesses model developers risk management finance technology and operations to perform assessments.
• Assess compliance with rule requirements and produce reports for management.
• Leverage control management to secure commitment to the timely and complete resolution of the root causes of control issues.
• Exhibit expertise in regulatory policies particularly with respect to the Basel III final rule and upcoming Basel III Endgame rules and capital processes.
• Evaluate and challenge the first lines proposals regarding product-specific rule interpretations ensuring conceptual soundness and adherence to regulatory requirements.
• Engage in comprehensive analyses of product-specific Risk-Weighted Assets (RWA).
• Review internal implementation guidance for various products to assess compliance with applicable rules and regulations.

Required Skills Experience and Qualifications :

Preferred Skills Experience and Qualifications

Required Experience :

IC

Key Skills

Maitre,JAVA / J2EE,Invasive Cardiology,Fire Alarm Installation,Evening

Employment Type : Full-Time

Experience : years

Vacancy : 1