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Rates Market Risk - Associate - Singapore

Req #: 180036037
Location: Singapore, 01, SG
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 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.


J.P. Morgan is a place for talented people from all backgrounds and perspectives because our clients come from all backgrounds and perspectives. We encourage a culture of inclusion, where everyone's opinion counts and all employees have the freedom to deliver their absolute best. This is why we work hard and invest in attracting and developing a diverse workforce. Learn more about our Business Resource Groups in how they help our employees build successful careers and reach their greatest potential.

 

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 an Associate candidate in CIB Market Risk Global Rates Team, based in Singapore. The role will be part of a trading floor based team covering the Global Rates business, as well as part of the Global Rates market Risk management team. The role is a result of the expansion of the rates business for non-JPY G10 currencies in Singapore.

Responsibilities include, but are not limited to:

 

  • Assist with the initial setup of the Non-JPY G10 business in Singapore for market risk purposes
  • Daily reporting and monitoring of market risk positions and limits - with the aim to identify material risk exposures and concentrations. Due diligence and attention to detail is critical.
  • Monitor risk exposures, understand the factors that drive the risk and P&L on the books, follow market movement/activities affecting positions, highlight and discuss risk changes and top risks
  • Perform pre-trade review of major transactions
  • Conduct ad hoc risk analysis, develop improvements of daily risk reports, and VaR and Stress analysis tool
  •  Improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve risks, forward default risks, etc.
  • Coordinate and work with trading, business management, Valuation Control Group, Quantitative Research, Structuring, Model Governance Group, and Regulatory Risk on projects relating to Market Risk.
  • Perform Scenario analysis and stress testing.
  • Supporting other projects adhering to regulatory and internal control deliverables and guidelines.
  • Respond to urgent ad-hoc requests from senior management

Skills/Qualifications:

 

  • Market Risk or other risk management experience preferred.
  • Knowledge of interest rates & interest rate options markets required.
  • Experience working with Risk Central/MaRRS, Kapital and/or Athena a plus.
  • Knowledge of fixed income products required
  •  Knowledge of stress testing methodologies for fixed income markets strongly preferred.
  • Experience with regulatory interaction and familiarity with regulatory rules pertaining to risk a plus.
  • 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 analytical & quantitative skills are required.
  • Clear oral and written communication in English is required.
  • Strong proficiency in Excel is required.  Knowledge of VBA and Access is preferred.
  • Bachelor's degree required.  Advanced degree preferred

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