At a Glance
- Tasks: Lead quality assurance projects on regulatory calculations and disclosures in finance.
- Company: Join a dynamic finance team focused on regulatory compliance and innovation.
- Benefits: Competitive salary, professional development, and opportunities for impactful work.
- Why this job: Make a real difference in financial regulations while developing your expertise.
- Qualifications: Experience in financial services and strong analytical skills required.
- Other info: Collaborative environment with opportunities for career advancement.
The predicted salary is between 72000 - 108000 £ per year.
Join the Quality Assurance team that consists of 5 people and reports into the Head of Regulatory Reporting in Finance. The team is responsible for providing assurance over the capital calculations of the UK and EU regulated entities under the CRR (Capital Requirements Regulation) and IFPR (Investment Firm Prudential Regime). Working alongside the Reporting, Capital Product (Change) and Capital Policy teams, the Quality Assurance team performs targeted reviews to substantively test the existing regulatory implementations. Topics in scope include RWA, Leverage and Large Exposure calculations, as well as IFPR calculations. The team is also responsible for reviewing new implementation requirements before they go live such as CRR3 / Basel 3.1.
As a Vice President within the Quality Assurance team, you will be responsible for your own individual projects. You will perform targeted reviews on regulatory calculations and disclosures. This will involve reviewing the relevant regulation, business requirements, and operating models. You will utilise Excel / Alteryx to recreate calculations independently and perform substantive testing. Where possible you will work with the Regulatory Reporting and Capital Product teams to help remediate any findings. At the conclusion of the review, you will write and present detailed reports of findings to senior management, including impact assessments and recommendations for further remediation plans. The team also provides technical support to the Reporting team in several ways. This will include providing subject matter expertise with respect to reporting interpretations and assisting the Reporting team when issues or challenges arise. You will also work with the Change teams to identify appropriate ways to strategically remediate issues and ensure these are prioritised appropriately.
Job Responsibilities
- Work independently on 1-4 month projects to perform targeted reviews on regulatory calculations and related disclosures.
- Assist the Reporting team with the implementation of remediation plans and/or other projects where required.
- Work with the Capital Product / Last Mile teams to review the requirements for upcoming regulatory implementations, including future regulation and COREP requirements.
- Track regulatory reporting publications, EBA Q&A’s and form reporting interpretations where required by the Reporting team.
Required qualifications, capabilities and skills
- Familiarity with large parts of the regulatory rules (CRR2/3) and reporting requirements (COREP) under the UK/EU regulation.
- Proficiency in Microsoft Office – Excel, Outlook, Word and PowerPoint.
- Degree qualification and either accountancy qualification or qualification by experience within Financial Services industry.
- Good understanding of investment banking products including derivatives/security financing transactions and banking products (deposits, loans, credit facilities).
- Self-motivated and ability to work independently; focused on execution skills and the ability to deliver results even through challenges.
- Ability to communicate effectively and build relationships across teams.
- Ability to critically review and challenge numbers with strong analytical skills; flexibility to work under pressure to meet changing work requirements.
Preferred Qualifications, capabilities and skills (not required)
- Knowledge of the IFPR regulatory rules and reporting requirements.
- Experience using Alteryx to build complicated solutions with large datasets.
Quality Assurance - Vice President employer: J.P. Morgan
Contact Detail:
J.P. Morgan Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quality Assurance - Vice President
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and regulatory reporting sectors. A friendly chat can lead to insider info about job openings or even a referral, which can give you a leg up in the application process.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of CRR and IFPR regulations. We recommend creating a cheat sheet with key points and examples from your past experience that showcase your expertise in regulatory calculations and disclosures.
✨Tip Number 3
Showcase your analytical skills during interviews! Be ready to discuss how you've tackled complex regulatory challenges in the past. Use specific examples to demonstrate your problem-solving abilities and how you’ve delivered results under pressure.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Quality Assurance - Vice President
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the specific skills and experiences that match the Quality Assurance role. Highlight your familiarity with regulatory rules like CRR2/3 and any relevant projects you've worked on in the financial services industry.
Showcase Your Analytical Skills: In your application, emphasise your ability to critically review and challenge numbers. Share examples of how you've used your analytical skills to deliver results, especially in high-pressure situations.
Be Clear and Concise: When writing your cover letter or any supporting documents, keep it clear and to the point. Use straightforward language to explain your qualifications and how they align with the responsibilities of the Vice President role.
Apply Through Our Website: We encourage you to apply directly through our website. This way, you can ensure your application reaches us quickly and you’ll have access to all the latest updates about the position.
How to prepare for a job interview at J.P. Morgan
✨Know Your Regulations
Make sure you brush up on the CRR and IFPR regulations before your interview. Being able to discuss specific regulatory requirements and how they impact capital calculations will show that you're not just familiar with the rules, but that you can apply them practically.
✨Excel Skills are Key
Since you'll be using Excel and possibly Alteryx for calculations, it’s a good idea to demonstrate your proficiency. Consider preparing a few examples of how you've used these tools in past projects, especially if they relate to regulatory calculations or data analysis.
✨Prepare for Technical Questions
Expect to face technical questions about regulatory calculations and disclosures. Review common scenarios and be ready to explain your thought process when performing targeted reviews. This will help you showcase your analytical skills and ability to critically assess numbers.
✨Showcase Your Communication Skills
As you'll be presenting findings to senior management, practice articulating complex information clearly and concisely. Think about how you can convey your recommendations effectively, as strong communication is crucial for this role.