2014 Firmwide Risk Reporting Summer Internship Program - New York Metro
JPMorgan Chase - New York, NY

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140001204

Job Description

About JPMorgan Chase

JPMorgan Chase is a leader in financial services, working in collaboration across the globe to deliver the best solutions and advice to meet our clients’ needs, anywhere in the world. We operate in 100 countries and hold leadership positions across our businesses. We have an exceptional team of employees who work hard to do the right thing for our clients and the firm, every day. This is why we are one of the most respected financial institutions in the world — and why we can offer you an outstanding career.

Business Area

Firmwide Risk Reporting, a group within Corporate Risk Management, is responsible for analyzing, reporting, and controlling, both internally and externally, the composition and risks across the firm. Examples of the group's work include the preparation of periodic overviews of Firmwide VaR and Economic Stress Tests results for the Firm's Board of Directors, and producing daily, weekly & monthly risk & financial overview reports which are used by the firm's most senior management to monitor our overall risk profiles, then reported in the Firm's external disclosures, i.e. Quarterly Press Release and Form 10-Q/10-K filings. The group also has project management responsibilities for major projects within and outside the group.

Program Overview

The summer program develops well-rounded future Risk organization leaders by cultivating core skills through Summer Internship roles.

This internship is designed to give insight into the Risk Management of the firm and the impact interns can have on its success. It is important that interns demonstrate abilities and make an impression from the outset. The Firmwide Risk Internship Program was created to develop a pipeline of talented candidates to support the Risk organization.

During this 10-week program you'll build core business skills in one of our eight Risk Reporting Areas: (1) Wholesale Credit Risk, (2) Country Risk, (3) Market Risk, (4) Model Risk, (5) Regulatory Risk, (6) Principal Risk, (7) Reputational Risk, and (8) Fiduciary Risk.

The learning curve is steep and will require you to quickly immerse yourself in the role, business and firm. You'll find a supportive team behind you, encouraging you to succeed in every challenge. This is an excellent first step towards building a dynamic, long-term career in a demanding business.

Roles and Responsibilities

As a Summer Intern, you'll be expected to take on responsibilities similar to a full-time Analyst from day one. Potential Reporting groups include:

·

Wholesale Credit Risk Reporting:
Credit risk is the risk to earnings or capital arising from an obligor's failure to meet the terms of any contract with the lender or otherwise fail to perform as agreed

·

Market Risk Reporting:
Market risk is the exposure to an adverse change in the market value of financial instruments caused by a change in market prices or rates

·

Country Risk Reporting:
Country risk is the risk that a sovereign event or action alters the terms of contractual obligations of counterparties in the country

·

Model Risk Reporting:
Model Risk is the risk that models that the firm relies upon fail to perform as anticipated, leaving the firm with an incomplete or erroneous representation and understanding of our risk

·

Regulatory Risk Reporting:
Regulatory risk is responsible for calculating regulatory capital under Basel I, II, and III methodologies; reporting Country Risk exposure as defined by FFIEC instructions; reporting loans and off-balance sheet exposure for the Call Report and Y-9C; and monitoring Legal Lending Limits

·

Principal Risk Reporting:
Principal risk measures the exposures of illiquid investments held longer than one year where conventional market risk techniques are ineffective

·

Reputation Risk:
Reputational risk is an action, situation, transaction or investment will reduce trust in our firm's integrity or competence by clients, shareholders, employees or the broader public

·

Fiduciary Risk:
Fiduciary risk accounts for the possibility of a trustee/agent who is not optimally performing in the beneficiary's best interests

Training and Development

During the 10-week summer program, you'll benefit from numerous training and development opportunities: on-the-job, program-driven and self-directed. These will complement your summer role and build critical professional competencies, such as leadership, attention to detail, communications excellence and results orientation.

Qualifications

We look for candidates with an interest in Firmwide Risk Reporting, confident leadership and ability to make an immediate impact. Other specific requirements include:

  • Demonstrated leadership in a school or community organization
  • Excellent quantitative, analytical and communication abilities
  • Natural teamwork skills
  • Eagerness to embrace, thrive in and drive change
  • Ability to work flexibly under pressure and tight deadlines, as well as manage multiple projects independently
  • Capable of learning quickly and managing change effectively
  • Demonstrated proficiency in Microsoft Excel and PowerPoint
Candidates should have the eligibility to work permanently in the U.S.

JPMorgan Chase & Co

. offers an exceptional benefits program and a highly competitive compensation package.

JPMorgan Chase & Co

. is an Equal Opportunity and Affirmative Action Employer, M/F/D/V

Job

Risk

Primary Location

US-NY-New York-277 Park Avenue / 03363

Organization

Risk Management

Schedule

Full-time

Job Type

Internship

Shift

Day Job

Employee Status

Regular

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