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- Tasks: Prepare and analyse capital reporting for regulatory compliance in a dynamic finance environment.
- Company: Join a leading financial institution with a focus on innovation and teamwork.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Gain hands-on experience in regulatory capital reporting while collaborating with diverse teams.
- Qualifications: Degree in finance or related field; knowledge of capital regulations preferred.
- Other info: Fast-paced role with potential for career advancement in the finance sector.
The predicted salary is between 36000 - 60000 £ per year.
The position is in the Counterparty Credit Risk team within the Capital Reporting Regulatory department of Finance. The group is a service-orientated business comprised of specialised individuals with knowledge and expertise in understanding, managing and delivering capital requirement reporting to our regulators. The production and monitoring of capital requirements is a high-profile function, providing financial information to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).
The core responsibilities of the Capital Reporting are:
- Preparation of quarterly and biannual returns for Common Reporting (COREP) and Investment Firms Prudential Regime (IFPR) for the following solo regulated entities and their associated UK consolidation groups: JPMorgan Securities Plc, JP Morgan Europe Ltd, JPMorgan Markets Ltd, and JPMorgan Mansart Management Ltd.
- Daily monitoring and preparation of capital adequacy and large exposures reports for the above entities, including a monthly scorecard with an allocation of exposure to Lines of Business.
- Interpretation of the Regulatory rules which forms the basis of PRA / FCA reporting and providing regulatory guidance to the business.
- Partnership and supporting other Finance areas with their reporting requirements (e.g., recovery and resolution, ICAAP).
As an Associate in the Counterparty Credit Risk team, you will have the opportunity to interact with multiple lines of business and internal stakeholders while continuously learning within the Regulatory Capital Reporting space. You will liaise with various teams, including but not limited to: line of business finance teams, Operations, Treasury, Audit, Legal Entity Control teams, as well as working on requests from External Audit and the Regulators on an ad-hoc basis.
Job Responsibilities:
- Prepare monthly, quarterly, and biannual returns for UK solo regulated entities and their associated UK consolidation groups.
- Produce daily and weekly Credit & Counterparty Credit Risk Requirement measures for all products, with particular focus on Derivatives & Securities Financing Transactions under both CRR (COREP) and IFPR.
- Produce the quarterly Credit Risk, Large Exposures, and Leverage Ratio reporting requirements, including a critical review of the following COREP templates: C7, C9, C11, C13, C14, C25, C34, C35 (Credit Risk) and LV40 to LV52 (Leverage Ratio) within COR001, and C26-C29 (Large Exposures) within COR002.
- Produce K-factors for MIF reports, with particular focus on Credit Risk (K-TCD) and Concentration Risk (K-CON).
- Serve as Subject Matter Expert on regulatory capital calculations.
- Perform analysis and challenge regulatory capital drivers and key variances, liaising with line of business reporting and providing commentary.
- Maintain control standards, adhering to firm-wide and local controls around User Tools, adjustments, and tracking of data/architecture issues.
- Understand reporting model infrastructure and implement streamlined process solutions for greater efficiency.
- Participate in non-BAU tasks, including projects and policy matters impacting capital requirements.
- Address internal and external audit requests, as well as inquiries from regulators.
- Partner with Policy and Projects teams to implement rule changes and system updates.
Required qualifications, capabilities and skills:
- Degree qualification and either accountancy qualification or qualification by experience with Financial Services industry.
- Knowledge of current Capital regulations and reporting requirements (COREP / IFPR).
- Proficiency in Microsoft Office – Excel (pivot tables and vlookups), Access, Outlook, Word and PowerPoint.
- Strong understanding of investment banking products, including derivatives and security financing transactions, as well as loans and other credit products.
- Strong analytical and problem solving skills.
- Strong interpersonal and team working skills.
- Self-motivated and able to work with minimal supervision.
- Flexibility to work under pressure to meet changing work requirements and strict deadlines.
- Ability to communicate effectively at all levels.
- Strong attention to detail.
Preferred qualifications, skills and capabilities:
- Alteryx / SQL knowledge.
- Axiom user experience.
- Familiarity with FRTB rules and requirements.
- Familiarity with Basel 3.1 changes.
Regulatory Capital Reporting - Credit Risk Associate in London employer: Jpmorgan Chase & Co.
Contact Detail:
Jpmorgan Chase & Co. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Capital Reporting - Credit Risk Associate in London
✨Tip Number 1
Network like a pro! Reach out to folks in the finance and regulatory capital reporting space. Use LinkedIn to connect with current employees at companies you're interested in, and don't be shy about asking for informational chats. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of COREP and IFPR regulations. Make sure you can discuss how these impact capital reporting. We recommend creating a cheat sheet of key terms and concepts to help you articulate your understanding during interviews.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss specific examples of how you've tackled complex problems in past roles. Use the STAR method (Situation, Task, Action, Result) to structure your responses and highlight your contributions effectively.
✨Tip Number 4
Don't forget to apply through our website! It's the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search. So, get those applications in and let’s get you on board!
We think you need these skills to ace Regulatory Capital Reporting - Credit Risk Associate in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Regulatory Capital Reporting - Credit Risk Associate. Highlight your relevant experience and skills, especially those related to capital regulations and reporting requirements. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. Be sure to mention your understanding of investment banking products and regulatory frameworks.
Showcase Your Analytical Skills: Since this role involves a lot of analysis, make sure to showcase your analytical and problem-solving skills in your application. Provide examples of how you've tackled complex issues in the past, especially in financial contexts.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people. Don’t miss out on this opportunity!
How to prepare for a job interview at Jpmorgan Chase & Co.
✨Know Your Regulations
Make sure you brush up on the latest Capital regulations and reporting requirements like COREP and IFPR. Being able to discuss these confidently will show that you're not just familiar with the basics, but that you understand the nuances of the role.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical and problem-solving skills during the interview. You might be asked to tackle a hypothetical scenario related to capital adequacy or large exposures, so think through how you would approach these challenges beforehand.
✨Familiarise Yourself with Financial Products
Since the role involves working with derivatives and securities financing transactions, make sure you can speak knowledgeably about these products. A solid understanding will help you connect with the interviewers and show that you’re ready to hit the ground running.
✨Practice Your Communication Skills
Given the need to liaise with various teams, practice articulating complex financial concepts in a clear and concise manner. This will not only help you in the interview but also in your future interactions within the company.
