Corporate Treasury & CIO Treasury & CIO Execution Middle Office Analyst - Strategic Internship Program in New York

Corporate Treasury & CIO Treasury & CIO Execution Middle Office Analyst - Strategic Internship Program
JPMorgan Chase & Co.
New York NY USA

Job Details

Updated on 2019-01-21

Overview:

The Treasury and the Chief Investment Office (TCIO) within JPMorgan is responsible for firm wide asset and liability management for one of the world’s largest global financial institutions with a $2.5 trillion balance sheet, including more than $900 billion in loans and $1.4 trillion in deposits.  Because it sits at the very center of the firm, TCIO directly influences the composition of the firm’s balance sheet as well the activities of the firm’s four main lines of business (LOBs): Asset & Wealth Management, Commercial Banking, Corporate & Investment Bank, and Consumer & Community Banking. 

 
Primary responsibilities include:
  • Aggregating and managing the interest rate risk of the firm’s four main lines of business (LOBs), primarily through a ~$250 billion global investment securities portfolio.
  • Managing the firm’s funding and liabilities through ~$250 billion in long-term debt and other funding sources, and managing nearly $400 billion of short term cash deployment activities.
  • Aggregating and managing the firm’s liquidity risk, including deploying the firm's excess liquidity. Also responsible for compliance with both internal and regulatory liquidity requirements.
  • Aggregating and managing the firm’s structural foreign exchange risk.
  • Risk managing Mortgage Servicing Rights (MSR) on behalf of the Mortgage Bank.
  • Managing the ~$14 billion company-sponsored retirement plan.
  • Managing the end to end risk-weighted asset (RWA) and capital measurement processes across the firm, ensuring efficient and appropriate management of our capital, and managing the Firmwide Capital Stress Testing process
 

The execution middle office within CIO provides transaction, P&L and risk analysis, and project support to the TCIO desks which execute transactions and manage resulting positions.   You will participate in the effort to ensure the business’s dynamic environment is well supported and properly controlled.  Due to the constant evolution of business and regulatory initiatives, your role will necessitate your involvement in daily processes as well as special projects.  You will work closely with Portfolio Managers to fully understand business drivers and support requirements, as well as colleagues within settlement, financial control, market risk, interest rate risk, liquidity risk, and technology.

 

A qualified candidate will possess a financial mindset, an appreciation for system flows and the controls necessary to ensure their accuracy, an aptitude for analytical thinking, and an overriding eagerness to learn and contribute actively to the dynamic environment in which you will be placed.

 
Responsibilities:
  • Direct interaction with TCIO portfolio managers responsible for executing transactions and risk managing portfolios to achieve TCIO’s strategic vision.
  • Daily review of transaction activity, confirmation & understanding of resulting impact to P&L and risk, in context of movements in the financial markets.  Daily financial results are reported to senior management of the firm.
  • Understand transaction flows and key P&L calculations in sufficient detail to satisfactorily complete key reconciliations, resolve discrepancies, and sufficiently document break resolution.
  • Calculate and report key metrics to indicate health of individual processes.
  • Participate in the identification and development of technology to support new business flows.
  • Working with your colleagues, evaluate transactions to ensure their compliance with external regulatory and internal procedural requirements.
  • Generate test cases and execute user acceptance testing to ensure new technology delivers and functions as expected.
  • Work with global colleagues to standardize processes and document results.
  • In support of business initiatives, assist in global working groups with colleagues from other disciplines and regions. 
  • Develop written procedures covering all aspects of required business as usual tasks.
  • Participate in cross-functional training to ensure adequate coverage.


Qualifications:
  • Strong analytical skills
  • Keen attention to detail, with a strong control mindset
  • Methodical approach to problem solving
  • Effective organization and communication skills
  • Ability to multi-task & prioritize in a fast-paced environment
  • General financial instrument product knowledge
  • Interest in how financial institutions execute strategy and manage risk
  • Advanced Excel skills
  • MS PowerPoint proficiency a plus
 
Corporate Treasury & CIO Treasury & CIO Execution Middle Office Analyst - Strategic Internship Program
JPMorgan Chase & Co.
New York NY USA