Job Description
Join JP Morgan as a Chief Financial Officer at the Executive Director level and lead a team that supports Deposit and Mortgage finance functions at the Global Private Bank.
Job Summary
As the Global Private Bank Deposit & Mortgage Chief Financial Officer within Wealth Management Solutions, you will take on the comprehensive responsibility of Deposit & Mortgage financial analysis. Your role will involve partnering with the Deposit & Mortgage business leaders, managing financial forecasting, and reporting to assess the business's health under various macroeconomic scenarios. You will also set the appropriate level of reserves on the Mortgage portfolio. As a key strategic partner, you will aid in making informed business decisions aimed at optimizing the returns of the Global Private Bank. In the current interest rate environment, these products are heavily focused on, providing you with significant exposure to senior management.
Job Responsibilities
- Serve as a strategic partner to the Global Private Bank Deposits & Mortgage Leadership Team by providing analytics and guidance which moves business development and aids in the execution of key business initiatives
- Understand and evaluate the financial impact of deposit & mortgage economics including; changes in the yield curve, Fed balance sheet actions, flows, product mix, and impacts from the respective pricing team (e.g., large client exception pricing, pricing reaction from competition and in the case of deposits alternative asset classes)
- Lead stress testing and related analytics which impacts the firm's capital adequacy assessment and its capital plan
- Continuously improve the way we do business through review of current practices/processes, identifying deficiencies and/or weaknesses, and delivering solutions to enhance the current control framework of the business, particularly through innovation employing automation technology
- Own the Mortgage CECL reserves for the Global Private Bank through results analytics and collaborateship with management across Finance, Credit Risk, and the business
- Execute on ad-hoc requests from various stakeholders and senior management (e.g., AWM CFO, various business senior leaders, both AWM and Corporate Finance & Treasury organizations, etc.)
Required qualifications, capabilities and skills
- Experience in Deposits, Mortgages, and/or Fixed income
- Ability to take ownership and work independently as well as manage a team
- Analytical ability with capacity to tell the story and see the big picture
- Interact and communicate clearly and confidently with all levels of management, including the most senior level within the Global Private Bank & AWM
- Detail oriented, strategic thinker with skills in analysis, data synthetization, and acute decision making
- Sense of urgency; this person recognizes the importance of not only completing a task, but with the understanding that many of the tasks/requests are time sensitive
- Ability to prioritize and time manage is crucial
- Utilize judgment and discretion in working with highly confidential information
- Bachelor's degree
About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.
Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products.
Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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