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CIB – Market Risk Coverage – Credit Trading – Associate – New York

Req #: 170084727
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 0 US Dollar (USD)
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.”
 
 
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 Credit team, based in New York.  The role will be part of a trading floor based team covering Loan Trading, Primary CLO and Structured Financing business as well as running of Stress testing and projects.

     
    Responsibilities include, but are not limited to:
  • Daily monitoring and analysis of risk exposures - with an aim to identify material risk dynamics, concentrations or vulnerabilities. Due diligence and attention to detail is critical
  • Understand factors that drive risk and P&L as they relate to market movement and trade activities
  • Escalate top risks to senior risk managers and portfolio managers. Articulate analyses, risk changes or concerns succinctly  
  • Monitor risk limits - ensure proper oversight and adherence to risk controls and Firm’s policies
  • Perform Scenario analysis and stress testing
  • Perform pre-trade review of major transactions
  • Conduct ad hoc risk analyses, improve methodologies, and enhance risk capture and reporting by performing deep-dives on various risk aspects such as curves, product bases, forward default exposure etc.
  • Coordinate and closely work with trading, business management, Valuation Control Group, Quantitative Research, Structuring, Model Governance Group and Regulatory Risk on projects relating to Market Risk.
  • Support other projects adhering to regulatory and internal control deliverables and guidelines.
  • Respond to urgent ad-hoc requests from senior management
  • Strong analytical & quantitative skills are required.
  • Clear oral and written communication in English is required.
  • Market Risk or other risk management experience preferred
  • Knowledge of fixed income and credit products
  • Knowledge of stress testing methodologies for credit products strongly preferred.
  • Knowledge of VaR modeling strongly preferred.
  • Strong project management skills, ability to gain consensus among staff and drive initiatives to completion effectively.
  • Ability to multi-task, work well under pressure with commitment to deliver under tight deadlines.
  • Ability to work independently, as well as coordinate across a global team.
  • Strong proficiency in Excel and Bloomberg is required.  Knowledge of VBA is preferred.
  • Experience with regulatory interaction and familiarity with regulatory rules pertaining to risk a plus
  • Bachelor's degree required.  Advanced degree preferred.

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