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Asset Management Risk - Investment Risk Officer – Investments Strategies - VP

Req #: 170117161
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 0 US Dollar (USD)
Our Firmwide Risk Function:
Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.
 
About JPMorgan Chase Wealth Management
JPMorgan Chase is one of the oldest financial institutions in the United States with a history dating back over 200 years. We are a leading global financial services firm with assets of $2.4 trillion operating in more than 60 countries. We have 270,000 employees serving millions of consumers, small businesses and many of the worlds most prominent corporate, institutional and government clients.  We are a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.  We have fiduciary assets under supervision and assets under management/custody of over $4.1 trillion combined and are one of the largest asset and wealth managers in the world.
 
J.P. Morgan Wealth Management (WM) has more than 100 years of experience helping the world's wealthiest individuals and their families grow, manage and sustain their wealth to ultimately leave a lasting legacy. By consistently keeping our clients informed, focusing on risk-adjusted returns and rapidly adjusting to tactical opportunities and risks, we stand by our clients through market cycles.  WM provides an exceptional breadth and depth of wealth management solutions including investing, wealth structuring, capital advisory, philanthropy and banking. J.P. Morgan's wealth management solutions are provided through the Private Bank and J.P. Morgan Securities Corporation.
 
WM Investment Risk Management
JPMorgan Chase believes in a holistic approach to risk analysis by incorporating key risk disciplines including Credit, Market, Principal, Liquidity, Model, Legal, Fiduciary, Reputation, and Operational Risk and weighing these against returns.  JPMorgan Chase’s Firm wide Risk Management function operates independently of marketing and product groups within the lines of business.  The Chief Risk Officer (CRO) of the firm reports directly to the CEO and is accountable to the Board of Directors, primarily through the Directors Risk Policy Committee.
WM Investment Risk Management provides oversight of WM’s investment businesses to ensure that the risks taken in managed portfolios are appropriate to their investment objectives.  The team covers all investing activities within WM, from product onboarding to regular monitoring and governance.  Investment Risk works closely with the other risk disciplines within WM: Fiduciary risk, Credit risk, Operational risk and Reputational risk.
Investment Risk Officers are responsible for monitoring investment activities within specific products and asset classes.  They have primary responsibility for the oversight, monitoring, management and governance of investment risk within their covered businesses.  In addition, they provide valuable feedback to their Risk colleagues and to the businesses they cover regarding fiduciary issues and emergent risk- or market-related topics.
 
Investment Risk Officer, VP
The Investment Risk Officer provides independent risk management and oversight of the various equity, fixed income and liquid alternative fund products and managed solutions offered by WM.
 
Responsibilities:
  • Initiate and execute applied research projects in portfolio risk management, investment risk, econometrics and other related topics.
  • Perform quantitative analysis of Investment Solutions portfolios on matters of importance to Investment Risk Management.
  • Engage in regular dialogue with investment teams; provide an informed, research-based and data-driven challenge to various business teams including portfolio managers and due diligence teams.
  • Investment risk management coverage for Investment Solutions portfolios across all asset classes and investment strategies.
  • Participate in regular reviews of investments solutions portfolios with the relevant portfolio management teams.
  • Assess risks in investment portfolios in response to market events, emergent risks or portfolio performance.
  • Present research and analysis results and lead discussions at various forums and committees both within Risk Management and to the business teams.
  • Mentor and manage junior colleagues.
     
  • M.S. or Ph.D. in a quantitative discipline is required
  • Education in finance, financial engineering or economics is preferred
  • Certifications such as CFA or FRM are a plus
Experience:
  • Minimum 8 years of financial risk management experience working directly with traders or portfolio managers across all major asset classes is required. Buy-side experience preferred.
  • Experience in management of investment risk, market risk, liquidity risk and the interaction among these forms of risk.
  • Monitoring and investigation of risk issues, formulation and proposal of mitigating actions, management of the challenge, escalation and resolution process.
  • Track record of crafting and delivering persuasive, data-driven intellectually sound presentations and written opinions
  • Control mentality – naturally skeptical, with an ability to anticipate unforeseen consequences
  • Ownership mindset – takes personal responsibility for outcomes; sees beyond their own domain
  • Self-starter with ability to initiate, plan, execute and manage projects independently
Skills:
  • Very high analytic aptitude, as evidenced by educational credentials, publications  and/or work experience
  • Deep knowledge of portfolio construction methods, investing approaches, risk measures, econometric methodologies and their applications
  • Proficiency in R or Python is required. Proficiency in Matlab will be considered  provided willingness to develop in R/Python is demonstrated.
  • Proficiency in SQL and other forms of data retrieval
  • Working knowledge of numerical methods and simple machine learning methodologies such as clustering, Bayesian inference, CART and their application to financial data sets
  • Comfort and aptitude in dealing with large, partially structured data sets, incomplete data and data integrity methods
  • Strong partnership skills; experience working on cross-functional teams
  • Ability to challenge business partners while working constructively to achieve a common goal
 
 
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