CCB Resolution and Recovery Team - VP

This role is best suited to candidates with project management experience, as well as an understanding of CCB products and lines of business (Consumer Banking, J.P. Morgan Wealth Management,  Business Banking, Home Lending, Credit Card, Connected Commerce,  and Auto). This role provides unique opportunity to manage a large scale key regulatory deliverable for CCB and a solid platform, profile, and brand.

You will drive the Resolution and Recovery agenda and assist with planning, execution, and new requirements. You will be responsible for coordinating delivery of key content required in the Title I, Insured Depository Institution (IDI) and Recovery Plan submissions. This includes engagement with identified key CCB deliverable owners (including Resolution Plan Owners, Critical Operations Leads and Object of Sale Leads), Firmwide Resolution & Recovery Teams, CCB Treasury, Legal, and others to ensure timely delivery of the CCB Resolution Plans. This position requires an individual to act with urgency to ensure issues are identified, raised, and resolved to meet designated timelines. You’ll be responsible for driving high standards and best practices across the various key deliverables associated with plan development and review. You will have opportunities to engage with and present to Senior Management.

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.

The CCB Resolution & Recovery team (CCB R&R PMO) is responsible for the governance, oversight, effective implementation of CCB related R&R programs and corresponding deliverables resulting in the submission to U.S. regulators. The team also coordinates across CCB for ad hoc responses in addition to planned regulatory requests. CCB R&R PMO partners extensively with all lines of businesses within CCB including Controllers, CFOs, Treasury and all functional support areas to oversee, control, and deliver on this program. The team acts as thoughtful leaders and coordinates CCB responses to the everchanging landscape requiring a deep understanding of products and business drivers.

Job Responsibilities

• Develop a deep understanding of Resolution and Recovery planning processes, with a focus on all CCB deliverables including business plans, divestiture playbooks, business valuation, pro forma financial statements and liquidity and capital analysis

• Build strong working relationships and coordinate effectively with the line of business teams and corporate functions to help drive delivery of the CCB component of the firm’s resolution and recovery plans

• Understand business changes, determine impact on the various components of the plans and update as necessary

• Act as Subject Matter Expert and present the plan to senior stakeholders

• Proactively lead discussions to resolve issues

• Assess risks and escalate issues, as appropriate and collaborate across many business and functions  

• Continue to evolve and enhance the governance and operating model for Plan submission

• Perform Quality Control review of the CCB plan narratives

Required qualifications, capabilities, and skills

• 6 years of relevant experience with a comparable financial services company, including demonstrated track record working on similar large-scale projects

• Project management experience

• Knowledge of consumer businesses (Consumer Banking, Business Banking, Home Lending, Credit Card, Auto), operations, financial infrastructure, risk management and legal & regulatory governance structures

• Self-motivated with a high degree of self-reliance, the ability to work autonomously 

• Strong quantitative and qualitative analytical skills; ability to synthesize data from many sources, design and draw persuasive conclusions for plans and presentation to CCB and firm-wide executive management

• Excellent interpersonal skills with a proven ability to communicate effectively, foster strong working relationships with key stakeholders and to manage senior management communications

• Experience in developing presentations, along with strong written and oral communication skills

• Strong attention to detail and ability to articulate complex issues concisely and influence stakeholders

• Strong quantitative and qualitative analytical skills, ability to synthesize data from many sources, design and draw persuasive conclusions for plans and presentation to CCB and firmwide executive management

• Ability to analyze BAU processes and develop solutions for automation. 

Preferred Qualifications, Capabilities, and Skills

• Knowledge of Resolution & Recovery planning