Corporate – Risk Management – Firmwide Risk Reporting – Country – Associate - London
The global Firmwide Risk Reporting team is responsible for reporting risk exposures across market, credit, country, model and legal entity risk. Risk reports are provided to the Board of Directors, Senior Management and Risk Managers to facilitate a clear understanding and timely management of risk across the firm.
Associate Roles and Responsibilities:
This role is part of Country Risk Reporting. There is a heavy analytical nature to this role which requires the ability to have a conceptual conversation with the business and turn that into a high quality end-product with appropriate analytical commentary. The right candidate must understand and challenge the numbers, and be able to tell the story behind them. Additionally, the candidate needs to understand data flows, investigate and remediate data issues between upstream source systems and the Country Risk Infrastructure.
The role entails the collection, aggregation and analysis of data to produce Country Reports which are used by Senior Risk Management to monitor the firm’s overall risk to selected countries. Topics covered within the job profile include derivative, loans and commitments, issuer positions, internal country ratings, new business initiatives, country strategy papers, exposure and stress against Country Limits, and other risk analyses. The right candidate must have an understanding of either market risk or credit risk concepts and must be able to understand and explain complex stress calculations and the theory behind them.
The team interacts heavily with the Country Risk Management, Credit Risk Management, various Middle Offices, Credit and Market Risk Reporting, Risk F&BM, Investor Relations and Technology.
There is a critical need to focus on ensuring that the risk reporting is comprehensive, useable, and accurate so that all levels of risk management can use it to understand and manage the business in a timely and effective manner.
Specific responsibilities/deliverables include:
Contribute to the team’s weekly country reporting to Senior Management
Lead the collection, aggregation, and analysis of information related to Country Risk for a particular region. Present findings to Country Risk Management at regular meetings. Provide insight as to the method of stress calculation and factors driving changes to stress levels. Weigh the impact of methodology and process changes and communicate findings to technology and senior management.
Contribute to weekly reports sent to Senior Management and Senior Risk Management
Ensure weekly commentary is received and updated, where applicable.
Update exposure data and associated comparative commentaries
Contribute to the improvement and automation of the Country Risk reporting process
The ideal candidate possesses the following skills:
Advanced knowledge of Microsoft Excel and Access, and Business Objects
Solid background in the development and use of Macro’s and VBA
Strong analytical, quantitative, and problem-solving abilities
Product knowledge and / or experience of Wholesale Credit, Market, Country, or Liquidity risk is desirable
Good written and verbal communication skills
Good team player who can work well with colleagues of various levels, across multiple locations
Ability to work under pressure, prioritize multiple tasks, and bring tasks to complete closure
Self-motivated and comfortable working with large amounts of data
Numerate or IT degree or equivalent desirable
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.