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CIB - Market Risk Coverage- Securitized Products Group (Global CMBS)- VP

Req #: 180017706
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:
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 businesses, commercial banking, financial transaction processing, asset management and private equity. 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.
Group Description
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 a Vice President level candidate for the CIB Market Risk Securitized Products Group team, based in New York. This person will lead a trading floor based team covering the CMBS Trading and Origination Businesses and report to the Global CMBS lead in London.
Responsibilities include, but are not limited to:
  • Preparing for Crisis and volatile market conditions ensuring no P&L surprises
  • Assessing the appropriateness of the risk reward profile of the portfolio and of new large or complex transactions; ability to challenge business decisions as required
  • Developing a strong relationship with front office
  • Highlighting concentrated or concerning risk positions
  • Delivering on-going sustainability of regulatory commitments (e.g. CCAR)
  • Tightening of the control environment by identifying shortcomings and remediating open issues
  • Assisting in the development of new tools or projects to enhance our risk management capabilities
  • Improving current risk measures (e.g. VaR, stress) and developing new ones
  • Liaising with technologists in the business and Risk around strategic and tactical initiatives
  • Continuing to develop greater collaboration across areas (e.g. MR Quantitative Research, Valuation Control Group etc)
  • Market Risk or other relevant markets experience required
  • Strong analytical & quantitative skills; competent in financial instruments PnL profile and risk sensitivities
  • Knowledge of securitized product, interest rate, credit or other fixed income markets required
  • Experience with the securitized products markets preferred and in particular in the Commercial Real Estate asset class
  • People management and strong interpersonal skills
  • Clear oral and written communication
  • Strong in controls, project management, time management
  • Familiarity with regulatory rules pertaining to risk a plus
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