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CIB – Market Risk Coverage– North America Credit Trading– Associate – NY

Req #: 170107494
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:
CIB – Market Risk Coverage– North America Credit Trading– Associate  – NY
 
J.P. 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 http://www.jpmorganchase.com/
 
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 level professional for the CIB Market Risk Global Credit team, based in New York.  The role will be part of a trading floor based team covering High Grade, High Yield, Short Term Fixed Income, Stress testing and Volcker within the North American business.
 
Responsibilities include, but are not limited to:
  • Daily monitoring and analysis of risk exposures - with an aim to identify material risk dynamics, concentrations or vulnerabilities. Due diligence and attention to detail is critical
  • Understand factors that drive risk and P&L as they relate to market movement and trade activities
  • Escalate top risks to senior risk managers and portfolio managers. Articulate analyses, risk changes or concerns succinctly  
  • Monitor risk limits - ensure proper oversight and adherence to risk controls and Firm’s policies
  • Perform Scenario analysis and stress testing
  • Perform pre-trade review of major transactions
  • Conduct ad hoc risk analyses, improve methodologies, and enhance risk capture and reporting by performing deep-dives on various risk aspects such as curves, product bases, forward default exposure etc.
  • Coordinate and closely work with trading, business management, Valuation Control Group, Quantitative Research, Structuring, Model Governance Group and Regulatory Risk on projects relating to Market Risk.
  • Support other projects adhering to regulatory and internal control deliverables and guidelines.
  • Respond to urgent ad-hoc requests from senior management
Skills/Qualifications
  • Strong analytical & quantitative skills are required.
  • Clear oral and written communication in English is required.
  • Market Risk or other risk management experience preferred
  • Knowledge of fixed income and credit products
  • Knowledge of stress testing methodologies for credit products strongly preferred.
  • Knowledge of VaR modeling strongly preferred.
  • Strong project management skills, ability to gain consensus among staff and drive initiatives to completion effectively.
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