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JPMorgan External Reporting Controller Associate- Resolution & Recovery 
United States, New Jersey, Jersey City 
364607619

25.06.2024

As an External Reporting Controller, Associate on the Consumer and Community Banking Resolution & Recovery team, you will drive the Resolution and Recovery agenda and support all aspects of planning, execution, and new requirements. You will work with Consumer & Community Banking (CCB) deliverable owners (including Resolution Plan Owners across Controllers, FP&A, Technology, Operations, Critical Operations and Object of Sale Leads), Firmwide Resolution & Recovery Teams, Consumer & Community Banking (CCB) Treasury, Legal, and others to ensure timely delivery of the CCB Resolution Plans. This position will require you to act with urgency to ensure issues are identified, raised, and resolved to meet designated timelines.


The Dodd-Frank Act requires large, systemically important financial institutions such as JPMorgan to submit Board-approved Resolution & Recovery Plans (RRPs, a.k.a. Living Wills) to US Regulatory Agencies - Federal Reserve Bank and Federal Deposit Insurance Corp (“agencies”) on a required cadence of a full resolution plan submission (all required elements) and a targeted resolution plan which includes certain core elements and specific focus areas identified by the agencies. Resolution Plans need to demonstrate how JPM would be resolved in an orderly way (i.e., without causing a major market disruption), if the company ever became bankrupt. Recovery Plans need to demonstrate how the firm would recover if the firm were to experience significant decreases in capital and liquidity because of a severe, crisis event. These plans are a strategic priority for the firm.

Job Responsibilities:

  • Develop a deep understanding of Resolution and Recovery planning processes, with a focus on all CCB deliverables including business plans, divestiture playbooks, pro forma financial statements and liquidity and capital analysis
  • Understand business changes, determine impact on the various components of the plans and update as necessary
  • Proactively host discussions to resolve issues
  • Assess risks and escalate issues, as appropriate
  • Support Quality Control review of the CCB plans

Required Qualifications, Skills, and Capabilities:

  • 2+ years of relevant experience with a comparable financial services company
  • Bachelor's Degree
  • Knowledge of consumer businesses (Consumer Banking, Business Banking, Home Lending, Credit Card, Auto), operations, financial infrastructure, risk management and legal & regulatory governance structures
  • Sound quantitative and qualitative analytical skills; ability to synthesize data from many sources, design and draw persuasive conclusions
  • Strong communication skills
  • Ability to work in a fast-paced dynamic environment