CIB – Market Risk – Global Credit Markets – Associate – NY
JPMorgan Chase - New York, NY

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130098615

Job Description

JPMorgan

J.P. Morgan is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in

investment banking

, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. Information about J.P. Morgan is available at

http://www.jpmorganchase.com/

.

Group description:
Corporate Investment Bank Market Risk is an independent control group which is overseen by the CIB Chief Risk Officer. CIB Market Risk works in partnership with the Corporate Investment Bank trading businesses to provide risk advisory and control of market risk. Market risk management seeks to facilitate efficient risk/return decisions, reduce volatility in operating performance, and make the Firm’s market risk profile transparent to senior management, the Board of Directors and regulators. Market risk coverage staff has regular dialogue with traders around risk appetite, risk limits and individual large and complex transactions.

CIB Market Risk performs the following primary functions:
  • Establish a comprehensive market risk framework, including market risk methodology, policy and limits
  • 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 with focus on revenue volatility
  • Facilitation of efficient risk-return decisions
Role:
  • Market Risk coverage for NA High Grade Credit Trading
Responsibilities:
  • Coverage of North America’s High Grade, STFI and Credit Indices desks
  • Regularly engage in a dialogue with traders and desk heads around risk appetite, risk limits and individual large and complex transactions
  • Produce, analyze and monitor risk utilization and revenue performance. Avoid P&L surprises
  • Provide clear briefings of current events/issues to line management and to wider MR colleagues
  • Perform ad-hoc analyses around the business (including notable new transactions) in order to assist management decision making
  • Highlight concentrated or concerning risk positions and work with Desk Heads and Business Head to ensure appropriate reporting, transparency and management
  • Produce and preset portfolio analyses to the Desk and Business’ heads and be able to translate sometimes opaque ideas into actionable tasks
  • Work with Credit, Finance, Valuation Control Group group, Quantitative Research, Model Review Group and Middle Office as contact for all risk management issues
  • Responsibility for defining best practice Value at Risk and Stress Scenarios methodology
  • Guide our partners in Risk Reporting and Middle Office groups in order to make risks accurate & transparent. Shape risk infrastructure development
  • Work on regulatory driven market risk exercises
Qualifications

  • Good existing knowledge of financial markets, preferably in credit and interest rates (including derivatives). Broad interest in markets essential
  • Good technical skills (Risk methodology/Products/Systems) –knowledge of MS Excel (with VBA preferred)
  • Strong analytical & quantitative skills- experience and working knowledge in statistics
  • Understanding of risk sensitivities and P&L drivers
  • Excellent written and spoken communication skills
  • Proactive and able to work independently. Ability to manage own workload. Lateral thinker, tenacious, commitment to getting things done and detail focused
  • Strong team player
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-383 Madison Avenue (BSC) / 41039

Organization

Investment Bank

Schedule

Full-time

Job Type

Standard

Shift

Day Job

Employee Status

Regular

Corporate Brand

JPMorgan Chase & Co.

About this company
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At JPMorgan Chase, the work we do matters. All of us are committed to putting our resources and our voices to work every day for our...