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Corporate - Firmwide Market Risk – Market Risk Capital – Associate

Req #: 170097093
Location: London, ENG, UK
Job Category: Accounting/Finance/Audit/Risk
Job Description:
JP Morgan is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. Information about J.P. Morgan is available at
Market Risk is an independent risk group within Risk Management, reporting to the Firm’s CRO, which identifies, measures, monitors and controls market risk. Market risk management seeks to facilitate efficient risk/return decisions, reduce volatility in operating performance and ensure that the firm's market risk profile is transparent to senior management, the Board of Directors and regulators. Firmwide Market Risk works closely with the Market Risk coverage teams aligned to each Line of Business and other partner teams including Risk Reporting, Risk Policy, Regulatory Risk, Market Risk Middle Office, Business Middle Offices, Control & Oversight and Model Review to set Market Risk policy and a consistent framework for Market Risk across the firm, and to share best practices across LOB Market Risk teams. The Market Risk Basel Group is part of the Firmwide Market Risk organization and is responsible for developing and delivering the operating model and framework for Basel Market Risk Rule implementation in partnership with key stakeholder groups.
Job Description
The Market Risk Basel Group (MRBG) is seeking an Associate-level professional to provide business coverage support to the MRBG Asset Class leads in the review of market risk capital across the CIB Macro businesses (Commodities, Rates and CEM) based in London.  The individual will assist to ensure that the Basel 2.5 Market Risk Rule framework is properly implemented and monitored across the CIB Macro businesses - supporting development of the strategic and tactical end-to-end framework, managing key initiatives and work streams. The book of work includes review of market risk capital (VaR, Stress VaR and Stress-based measures), covered position identification and management, and regulatory capital significant sub-portfolio designation. The successful candidate will be required to partner across Firmwide Market Risk, Market Risk Coverage, Regulatory Capital Management Office, Model Risk and Development, Quantitative Research, and Product Control teams to deliver business-aligned regulatory capital subject matter expertise.
Job Responsibilities
  • Provide oversight and explanation of market risk capital movements arising from VaR, Stress VaR, and other Stress-based measures with supporting commentary around position and market moves, trading strategy changes and Basel 2.5/FRTB rule or implementation changes
  • Provide LOB expertise and governance on the Basel 2.5 Market Risk Rule implementation to Market Risk, QR, Product Control, Finance and LOB-aligned teams, including for regulatory VaR purposes:
    • “Covered Position” population identification
    • Significant sub-portfolio designation
  • Support the MRBG LOB leads and FRTB Program Management in the implementation of Quantitative Impact Study for specific LOBs, including analysis of tactical and strategic solutions.
  • Drive and support market risk capital initiatives across partner teams in Market Risk, QR, Product Control, Finance, LOB-aligned teams

Skillset/Experience Required

  • In depth asset class experience in a Market Risk, or similar skillset; from working in one or more of the Market Risk Management, Regulatory Capital, Valuation and Product Control functions
  • Strong market risk knowledge and quantitative analytical skills, including VaR
  • Excellent written and verbal communications skills, with a track record of partnership
  • Strong governance and control mindset
JP Morgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package.
JP Morgan Chase & Co. is an Equal Opportunity and Affirmative Action Employer, M/F/Disabled/Veterans
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