Skip to main content

JPMORGAN CHASE & CO

For the period ended Mar 31, 2025. Filed May 1, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 1, 2025

JPM$342.08+2.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Firmwide Risk Management

Risk is an inherent part of JPMorganChase’s business activities. When the Firm extends a consumer or wholesale loan, advises customers and clients on their investment decisions, makes markets in securities, or offers other products or services, the Firm takes on some degree of risk. The Firm’s overall objective is to manage its business, and the associated risks, in a manner that balances serving the interests of its clients, customers and investors, and protecting the safety and soundness of the Firm.

The Firm believes that effective risk management requires, among other things:

Acceptance of responsibility, including identification and escalation of risks by all individuals within the Firm;

Ownership of risk identification, assessment, data and management within each of the LOBs and Corporate; and

A Firmwide risk governance and oversight structure.

The Firm follows a disciplined and balanced compensation framework with strong internal governance and independent oversight by the Board of Directors (the “Board”). The impact of risk and control issues is carefully considered in the Firm’s performance evaluation and incentive compensation processes.

Risk governance framework

The Firm’s risk governance framework involves understanding drivers of risks, types of risks, and impacts of risks.

Refer to pages 91–95 of JPMorganChase’s 2024 Form 10-K for a further discussion of Firmwide risk management governance and oversight.

Risk governance and oversight functions

The following sections of this Form 10-Q and the 2024 Form 10-K discuss the risk governance and oversight functions in place to oversee the risks inherent in the Firm’s business activities.

Strategic Risk96
Capital Risk33–3997-107
Liquidity Risk40–46108-115
Reputation Risk116
Consumer Credit Risk49–51120-125
Wholesale Credit Risk52–60126-136
Investment Portfolio Risk64140
Market Risk65–70141-149
Country Risk71150-151
Climate Risk152
Operational Risk153-156
Compliance Risk157
Conduct Risk158
Legal Risk159
Estimations and Model Risk160
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.