As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.
This Vice President candidate will perform quantitative, technical, and qualitative analysis of the portfolio where JP Morgan extends credit and may be exposed to market risk contingent upon a client default. You will be expected to have strong quantitative and technical skills including knowledge of option pricing theory, fundamental of derivatives pricing, as well as understanding the economic drivers of underlying portfolios. You should be able to frame question from a risk management point of view to understand economic loss scenarios under stressed market conditions. You should also be able to communicate core ideas underpinning their analyses in a clear and succinct manner that can be presented to senior management.
The portfolios covered include JPM's hedge fund and client clearing clients in the Corporate and Investment Bank across OTC derivatives (cleared and non-cleared), Futures and Options (F&O), Securities Financing, and Repo-Style transactions. These analyses will be used for discussions with internal Trading Desks, Credit Executives and Marketers to recommend underlying risks in the portfolio.
Job responsibilities
- Identify emerging areas of risk in the firm's hedge fund portfolio including
- Perform stress tests on JP Morgan's exposure to hedge fund and client cleared portfolios
- Serve as a mentor to analysts and associates in the team
- Assist in performing liquidity deep-dives for concentrated positions for JP Morgan's exposure to hedge fund and client cleared portfolios.
- Be responsible for identification of risks requiring further analyses
- Recommend appropriate initial margin levels for clients
- Perform ad-hoc analyses of trades requiring a per-trade initial margin level
- Understand and perform analyses and deep dives on quantitative equity strategies as well as well equity financing risks
- Perform second line of defense controls
- Understand non-cleared margin rules globally and collateralization requirements
- Become an expert in portfolio margining methodologies
- Assist in haircut related recommendations for portfolio of derivatives, securities financing, and cleared product
Required qualifications, capabilities, and skills
- Strong quantitative skills with an interest in quantitative field, including at least Bachelor's degree in Statistics, Mathematics, Quantitative Finance, or a similar technical field
- 5 years of experience performing stress tests in the portfolio and 5 years of experience performing margin or portfolio analytics analyzing risk within the portfolio
- Experience in Market Risk Management, Credit Risk Management, Trading, or other technical field
- Knowledge of the below:
- Traded products such as OTC Derivatives, Repo & Sec Lending, F&O and OTC Clearing and fixed income products
- Derivatives Pricing, including but not limited to option pricing theory
- Equity Factor Modeling
- SIMM, VaR, or initial margin methodologies.
Preferred qualifications, capabilities, and skills
- Experience presenting technical ideas to senior management
- Strong attention to detail, specifically the ability to identify outliers and understand their importance
- Strong communication skills including the ability to translate technical concepts to a non-technical audience
- Strong organizational and project management skills
