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CIB Credit Risk Stress & Margin - Product Manager - Analyst

Req #: 180039105
Location: Brooklyn, NY, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:
 
JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. The firm is a leader in investment banking, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.
 
The Credit Risk Stress and Margin team (“CRSM”) works within Credit Risk to measure and manage the exposure from trading activity across numerous asset classes and client types.  Client types are primarily Hedge Funds and traditional Asset Managers but also include Banks and Broker Dealers, Insurance Companies, Pensions and Corporates.  All products and asset classes that these clients can trade are in scope. This includes, but is not limited to the following: listed equities and Futures, all OTC derivatives including cleared and intermediated trades, structured products, repos, TBAs, FX and more.  The CRSM team is organized into two collaborative stripes.  One focused on the risk management of the Derivatives Clearing businesses and one focused on Portfolio Risk and Risk Methodologies.  Both stripes also work together to support the ongoing development and enhancement of the strategic risk and stress platform.    
  
Job Description:
This is an Analyst or Associate level role based in New York.  The individual will support the development of a new strategic risk platform while working across both CRSM stripes (Derivatives Clearing Risk and Risk & Methodology).  The candidate will develop an understanding of the market risks associated with a diverse set of products including Rates, FX, Credit, Commodities and Equities.  The individual will contribute to the ongoing development and enhancement of stress and margin methodology, risk capture, and control frameworks. 
 
Responsibilities:
  • Assist in Project Management and Business Analysis of strategic development work
  • Ongoing management and prioritization of regular development work and enhancements
  • Assess and monitor client trading
  • Perform quantitative and scenario analysis of multi asset class portfolios or individual trades
  • Monitor markets and geopolitical developments to understand impact on client portfolios
  • Develop or enhance stress testing frameworks and work with our tech partners to implement
  • Work with Credit Officers and management to help them understand position and portfolio risks
  • Identify notable trends and material changes in client portfolios and across products and LOBs
  • Identify concentrated or concerning risk positions and work with Business and risk partners to ensure they are appropriately managed
  • Create and deliver presentations to management on strategic initiatives
Must possess the following:
  • Bachelor’s degree in math, statistics, physics, financial engineering, computer science or other quantitative fields
  • Strong understanding of derivatives valuation models and the various parameters and conditions affecting these products
  • Ability to communicate results of analysis or underlying risk concepts clearly and succinctly (both written and verbal)
  • Strong project management and communication skills
  • Adept with Excel and familiarity with Bloomberg or Reuters-Eikon
Preferred Skills:
 
  • Prior experience working at a financial institution in a risk role, trading capacity, or role with a focus on a clearing business
  • Experience working with technology teams and developers; ability to understand various systems & data flow within the risk architecture
  • Master’s degree or CFA or FRM designations
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