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CIB - Credit Risk Stress & Margin – VP

Req #: 170103679
Location: New York, 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 CIB’s Credit Risk organization to measure and manage the risk of activity resulting from trading and clearing across all 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. 
 
Role:
This is a VP or Associate level role based in New York.  This individual will focus on the Futures & Options and Derivatives Clearing business.  The Clearing business provides clearing, intermediation services for Hedge Funds and other clients globally.  The candidate will understand the market risks associated with a diverse set of products including Rates, FX, Credit, Commodities and Equities.  The individual will also contribute to the ongoing development and enhancement of stress and margin methodology, risk capture, and control frameworks.  Responsibilities will include, but are not limited to, the following:
  • 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 specific 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
  • Lead multiple short and long-term projects
  • 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 skills and experience working with technology teams and developers is a plus; ability to understand various systems & data flow within the risk architecture
  • Bachelor’s degree in a quantitative discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering or Finance/Economics.
  • 4-7 years of experience working at a financial institution in a market risk, credit risk, or trading capacity or in a role with a focus on derivatives clearing and F&O products
  • Strong Excel skills; Familiarity with Bloomberg/Reuters-Eikon, Business Objects, MS Access

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