Market Risk Coverage – Credit Trading
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:
IB Market Risk Coverage for Credit Trading Legal Entity risk (LE) and Firmwide coverage for Single Name Position Risk (SNPR)
Coverage of Legal Entity risk for Credit Trading, and Firmwide SNPR coverage
Ownership and responsibility for legal entity and SNPR tasks such as stress testing, VaR, P&L backtesting, limit monitoring, validating and resolving limit excess issues, as well as accuracy of risk data.
Responsibility for defining best practice with regards to Legal Entity Risk Coverage and SNPR coverage - Work with Front Office, Finance, QR, Technology, Middle Office and other Market Risk coverage groups to develop new tools and metrics to make the important risks and P&L drivers more transparent to senior management
Partner with Coverage as well as other teams/functions to manage and respond to Regulatory/Audit requests.
Understand regulatory requirements and constraints that affects risk management across the Global Credit business
Further develop the legal entity and SNPR risk management framework, ensuring consistency across regions, as well as with global practices and other Lines of Business.
Highlighting concentrated or concerning risk positions within legal entities; ensure appropriate reporting, transparency and management as well as appropriate escalation to senior management
Representing GCT in working groups and legal entity oversight forums with regard to a wide range of topics such as, Regulatory initiatives and submissions (FDSF, Group Failure etc.), New Business Initiation Approvals as well as weekly risk meetings with Front Office
Skills / Qualifications / Requirements:
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.
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