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Corporate – Market Risk Middle Office – VaR Monitoring – Analyst

Req #: 170071009
Location: London, ENG, UK
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 2500 Pound Sterling (GBP)
Market Risk Middle Office is a group within the Corporate Risk function covering Firmwide market risk. It is responsible for Market Risk data control and high level risk analysis. Examples of the group’s work include daily Value-at-Risk, Market data and Stress analysing and verification, Legal Entity, Regulatory VaR and Stress Testing reviews. Market Risk Middle Office has regular dialogue with Market Risk Management, Product Control, Regulatory Reporting and Technology teams across all areas of the bank. The group also performs high level review and operations functions for Country Risk and Single Name Default Exposure Processes.
 
We are looking to fill an Associate position within Market Risk Middle Office in the London Middle Office team; the role offers an excellent opportunity for the right candidate to work in a developing area with significant potential for personal and career development. The position will be based in London.
 
Responsibilities:
 
  • Review business unit, legal entity, regional and corporate VAR, Stress P/L  exposure for reasonableness as defined by Market Risk Management (“MRM”); analyse drivers (e.g. market data, risk exposure, hierarchy changes etc.) and verify inputs
  • Monitor, investigate and resolve unvalued positions, unmapped portfolios and reconciliations with respect to VaR, Stress, Single Name, PCM and Country Risk positions
  • Develop reconciliations & diagnostic reports
  • Research and resolve Line of Business Finance, MRM and Audit inquiries with respect to VAR, Market Data
  • Perform risk system front-end training, demonstration and administration to local staff and Product business middle office clients, when necessary
  • Maintain daily procedure manuals, ensuring that all local regulatory requirements are met
  • Flexibility and adaptability, people are required to learn and cover multiple analysis and support functions as well as undertaking project work
  • Professional, self-motivated and can operate effectively under pressure
  • Ability to understand business processes and their risk implications, analyse complex situations, reach appropriate conclusions, and make value-added and practical recommendations
  • A confident disposition, ability to engage and communicate with people at senior levels
  • Basic understanding of product knowledge across a range of asset classes – Credit, Rates, Equities, Commodities an advantage.
  • Ability to work and solve problems independently, be able to work in a deadline oriented environment working with large amounts of data, and be able to dynamically prioritise workload
  • Excellent verbal and written communication skills, with the ability to create and present training materials. Excellent interpersonal skills; ability to develop effective credible relationships with the business and functional partners
  • Strong proficiency in Microsoft Excel is required,
  • VBA experience desirable
  • Knowledge of databases and statistical analysis packages useful
  • Proficient with using other Microsoft products including PowerPoint, Word, Outlook an advantage etc.
  • Strong team player who can work well with colleagues of various levels and internal clients across regions
  • University graduate 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.
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