Location: New York,NY, USA
JobID: 210558084
Category: Financial Analysis
JobSchedule: Full time
Posted Date: 2024-10-10T11:44:42+00:00
JobShift:
Base Pay/Salary: New York,NY $171,000.00-$260,000.00
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