Job Category : Accounting / Finance / Audit / Risk Potential Referral Amount : Pound Sterling (GBP) CIB Market Risk Global Rates Investable Indices Associate Group 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.
Job Description CIB Risk is seeking an Associate level professional for the CIB Market Risk Global Rates team, based in London.
The role will be part of a trading floor based team covering the Global Rates Investable Index business, with potential for taking part into cross-
line of business projects. The role will have a focus on portfolios predominantly characterized by linear and non-linear Index linked pay-
offs across a wide range of cross-asset underlying. Responsibilities include, but are not limited to :
Daily reporting and monitoring of market risk positions and limits - with the aim to identify material risk exposures and concentrations.
Due diligence and attention to detail is critical.
Perform pre-trade review of major transactions.
Improve risk transparency, methodologies and reports by conducting deep-dives on various risks that pertain to non linear derivatives payoffs.
Conduct ad hoc risk analysis, improve current risk tools as well develop new ones that will help in the risk monitoring / & analysis of the portfolio.
Monitor risk exposures, understand the factors that drive risk and P&L on the books, follow market movement / activities affecting positions, highlight and discuss risk changes and top risks.
Coordinate and work with trading, business management, Valuation Control Group, Quantitative Research, Structuring, Model Governance Group, and Regulatory Risk on projects relating to Market Risk.
Design & Perform Scenario analysis and stress testing.
Supporting other projects adhering to regulatory and internal control deliverables and guidelines.
Respond to urgent ad-hoc requests from senior management.
Skills / Qualifications
Knowledge of derivatives including vanilla & exotic pay offs is preferred.
Strong analytical & quantitative skills are required; ability to work independently a strong requirement.
Strong proficiency in Excel & VBA is required with knowledge of programming languages a plus.
Understanding of VaR modeling and Stress testing would be an advantage.
Strong project management skills, ability to gain consensus among staff and drive initiatives to completion effectively.
Ability to multi-task, work independently, co-ordinate across global team, and perform under pressure with commitment to deliver under tight deadlines.
Strong verbal and written communication skills.
Bachelor's degree required. Advanced degree preferred.
About J.P. Morgan’s Corporate & Investment Bank : J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services.
The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries.
With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Further information about J.P. Morgan is available at www.jpmorgan.com. JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package.
JPMorgan Chase & Co. is an Equal Opportunity Employer and a member of the UK Government’s Disability Confident Scheme. .