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Market Risk Basel Group- Firmwide- Spread Market Coverage Securitized Products - Associate

Req #: 170102474
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 0 US Dollar (USD)
JP 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/.
 
Market Risk is an independent risk group within Risk Management, reporting to the Firm’s CRO, which identifies, measures, monitors and controls market risk. Market risk management seeks to facilitate efficient risk/return decisions, reduce volatility in operating performance and ensure that the firm's market risk profile is transparent to senior management, the Board of Directors and regulators. Firmwide Market Risk works closely with the Market Risk coverage teams aligned to each Line of Business (LOB) and other partner teams including Risk Reporting, Risk Policy, Regulatory Risk, Market Risk Middle Office, Business Middle Offices, Control & Oversight and Model Review to set Market Risk policy and a consistent framework for Market Risk across the firm, and to share best practices across LOB Market Risk teams. The Market Risk Basel Group is part of the Firmwide Market Risk organization and is responsible for developing and delivering the operating model and framework for Basel Market Risk Rule implementation in partnership with key stakeholder groups.
 
Job Description
The Market Risk Basel Group (MRBG) is seeking an associate-level professional to provide business coverage support to the MRBG Asset Class leads for the Spread Markets asset classes with focus on Securitized Products, based in New York or London. The individual will assist the team which is responsible for ensuring the Basel 2.5 framework is properly implemented and monitored. As part of that effort, the team monitors and explains Line of Business related risk measures driving market risk capital. Those measures include Regulatory VaR, Stress VaR which the team signs off on as well as the future capital measure, Fundamental review of the Trading Book in development. The book of work includes covered position identification and management, and regulatory capital significant sub-portfolio designation. The successful candidate will partner across Firmwide Market Risk, Market Risk Coverage, Regulatory Capital Management Office, Model Risk and Development, Quantitative Research, Product Control and the Securitized Products Group Front Office to deliver business-aligned regulatory capital subject matter expertise.
 
Job Responsibilities
  • Provide explanation of market risk capital movements with supporting commentary around position and market moves, trading strategy changes and FRTB rule or implementation changes
  • Support the MRBG LOB leads and FRTB Program Management in the implementation of Quantitative Impact Study for specific LOBs, including implementations of the tactical and strategic solutions.
  • Stay abreast of changes in the LOB-specific Basel 2.5 implementation and ensure compliance with the rule requirements.
  • Partner across LOB teams to source data, analyze, summarize and prepare reports for regulators, committees and control partners with respect to market risk regulatory capital changes, providing business-aligned subject matter expertise.
  • Implement and monitor compliance with “covered position” requirements for the LOBs.
  • Govern changes to the significant sub portfolios for the LOBs.
    • Experience in a Market Risk, Finance, or similar capacity/skillset; from working in one or more of risk management/measurement, Regulatory Capital, and Product Control functions (prior Spread Markets asset class coverage is a particular advantage)
    • Knowledge of VaR, P&L Explain, and market risk sensitivity analysis
    • Excellent written and verbal communications skills, with a track record of partnership
    • Ability to multi-task, work under pressure with commitment to deliver under tight deadlines
    • Strong process, governance and control mindset
    • Bachelor’s degree, Masters/MBA a plus
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