Vice President - Regulatory Legal Entity Strategy and EMEA Capital Management Role Information
LOB: Corporate & Investment Bank Department: Finance & Business Management - Regulatory Legal Entity Strategy and EMEA Capital Management Team Location: London, UK Background The Regulatory Legal Entity Strategy Team is responsible for leading the EMEA Finance agenda for European Legal Entity Strategy. The key focus of the team is on European Legal Entity Strategy deliverables, including:
Regulatory capital impact assessment in the EMEA region of legal entity simplification initiatives, business re-organizations, new business initiatives and external commitments to regulators (especially with the PRA, ECB and BaFin).
Strategic set up of an optimal legal entity structure in EMEA, including discretionary projects to optimize the capital footprint in the region.
Coordination of business transfers, overseeing of valuation of businesses, and leading legal entity structuring and business transfer projects.
The team works closely with other corporate functions and LOBs to achieve these objectives.
Key Focus Areas:
Capital permissions planning to ensure optimal capital usage across the region (models, 'smart' standardized)
Basel IV strategic planning to embed upcoming rules changes into the strategic planning and lead on behalf of Finance the impact assessment to incorporate within the EMEA projections.
Capital and leverage exposures (standalone and MREL-based) projections for EMEA entities, which feed into the CIB Capital Committee and Prudential Steering Committee
Migrations support and timely response for external regulatory requests as they relate to our European legal entity strategy
Design and develop automated solutions to drive efficiencies for the EMEA capital projections process
Objectives and deliverables for this role
Capital Permissions Lead for key European entities
Partner with Market Risk Basel Group, Capital Policy and wider EMEA Finance teams to drive strategic change-initiatives which form part of EMEA Finance agenda with key focus on op-model readiness and accuracy; develop strong project management skills and maintain permission roadmaps for key European entities.
Support the planning and preparation for regulatory capital related changes within the European region (implementation of more risk sensitive methodologies within the current framework; assessment of upcoming rule changes e.g. FRTB)
Help drive prioritization of regulatory infrastructure build and data strategy for capital optimization and operating model/reporting process improvements
Chair the key Finance forums (Market Risk Capital Forum/LE Impact Analysis) to ensure the right engagement across the wider EMEA Finance teams.
Produce documentation on the operating model for new methodologies implemented for European entities and to evidence completeness and accuracy of build against agreed methodologies for market risk capital calculations
Capital and Leverage exposures (standalone and MREL-based) projections for EMEA entities
Oversight of capital projections for EMEA CIB Capital Committee and Prudential Steering Committee, with a strong focus on completeness and accuracy of capital outputs, variance analysis and commentary for senior management:
Ensure oversight of Pillar 1 capital forecasts covering key EMEA entities, particularly JPMS plc and JPMAG.
Develop a strong understanding of underlying business/capital assumptions underpinning the capital projections process for European entities.
Review and ensure integrity of the data inputs; raise concerns around data accuracy to the management team to ensure projections are aligned with risk profile.
Provide timely, accurate advice to key stakeholders to enable them to meet their regulatory obligations and better manage the business within regulatory constraints
Assess potential additional capital sourcing requirements or capital optimization opportunities through waivers or changes in methodologies.
Basel IV impact assessment analysis for key EMEA entities:
Produce foundational documentation on new regulatory rules impacting European entities, both MREL (Minimum Requirements on own funds and Eligible Liabilities) and Basel IV changes (FRTB for market risk capital, SA-CCR/SA-CR for counterparty/credit risk). These documentations will be used to document how the new rules impact J.P. Morgan's European entities.
Partner with the Finance team and other functional groups (e.g. MRBG, CCIC, etc...) to understand the different building blocks of Basel IV and how they are linked, to drive forward strategic planning on the applicable methods for European entities.
Partner with the team to deliver a robust projections process for European entities under the new Basel IV regime.
Oversight of NBIA/RCAs, Migration tracking and External Regulatory Requests
Manage external requests to ensure coordination with the wider program; mobilize internal team to meet deadlines in a timely manner (ECB, BaFin, PRA, CBI etc)
Oversight of New Business Initiatives (NBIA); provide coordination and expertise to recommend new initiatives for approval to the EMEA Regional Controller
Support firm wide Legal Entity/LoB simplification initiatives and oversee booking model change initiatives to protect the franchise from Brexit-related disruptions.
Track/monitor and coordinate client/trade migrations from U.K. entities to JPMAG
Collaborate with CIB Treasury on the Prudential Working group to ensure consistency of inputs & assumptions
Drive the wider efficiency agenda by leveraging in-house Rapid Application Developer
Oversee the development of RAD tools to enhance projections process; lay out roadmap to develop leverage exposures projections, partnering with CIBT and ECM
Drive the wider efficiency agenda (automation of processes) for the team through RAD roll-out of enhanced user-tools.
Ensure strong focus on Risk & Controls for processes, Completeness & Accuracy for projections
About J.P. Morgan's Corporate & Investment Bank:
J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com .
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity
Internal Number: 6713309
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