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.
Team description
CIB Market Risk Management is an independent risk group, reporting to the firm's Chief Risk Officer (CRO), which identifies, measures, monitors and controls market risk. The group forms the key interface for discussing risk issues with the trading desks but retains independent reporting lines through the Risk management chain. CIB Market Risk performs the following primary functions:
- Independent ongoing identification, monitoring and control of business unit market risk
- Performance of stress testing and qualitative risk assessments
- Analysis of aggregated risks and tail risk exposure
- Facilitation of efficient risk-return decisions
- Regular dialogue with the trading businesses with respect to risk appetite, risk limits and individual large and complex transactions.
CIB Risk is seeking an Analyst/Associate candidate - the role will be part of a trading floor based team covering the Global Equities business.
Job responsibilities
- Enforce Market Risk limits, in particular monitor utilization vs stress vs risks not captured in VaR, review inter-limits consistency (within the same Business and across LoBs)
- Assessing the appropriateness of the risk reward profile of new large or complex transactions;
- Highlighting concentrated or concerning risk positions and working with trading management and risk community to ensure appropriate reporting, transparency and escalation
- Assisting in the development of new tools or projects to enhance our risk management capabilities; working with technologists in the business and Risk around strategic and tactical initiatives
- Perform scenario analysis and stress testing
- Conduct ad-hoc and regular risk analysis as well deep dives into various risk themes, and communicate findings
Required qualifications, capabilities, and skills
- 1-2 years of experience in the industry, with thorough knowledge of market risk management practices. Relevant experience in trading, sales, structuring, market risk, VCG, MGG, product control, or risk reporting preferred
- Ability to provide effective challenge to Equities trading management whilst being able to make commercially reasonable decisions and maintaining a healthy open communication channel with the business
- Strong analytical & quantitative skills; competent in financial instruments PnL profile and risk sensitivities
- Clear oral and written communication
- Ability to multi-task, work well under pressure on a trading floor
