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Asset Wealth Management Risk - Investment Risk Management - Associate

Req #: 170101460
Location: Westerville, OH, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:

 

JP Morgan Chase:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with 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 http://www.jpmorganchase.com/.

 

Our Firmwide Risk Function:

Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.

 

About JPMorgan Chase Wealth Management

JPMorgan Chase is one of the oldest financial institutions in the United States with a history dating back over 200 years. We are a leading global financial services firm with assets of $2.4 trillion operating in more than 60 countries. We have 270,000 employees serving millions of consumers, small businesses and many of the worlds most prominent corporate, institutional and government clients.  We are a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.  We have fiduciary assets under supervision and assets under management/custody of over $4.1 trillion combined and are one of the largest asset and wealth managers in the world.

 

J.P. Morgan Wealth Management (WM) has more than 100 years of experience helping the world's wealthiest individuals and their families grow, manage and sustain their wealth to ultimately leave a lasting legacy. By consistently keeping our clients informed, focusing on risk-adjusted returns and rapidly adjusting to tactical opportunities and risks, we stand by our clients through market cycles.  WM provides an exceptional breadth and depth of wealth management solutions including investing, wealth structuring, capital advisory, philanthropy and banking. J.P. Morgan's wealth management solutions are provided through the Private Bank and J.P. Morgan Securities Corporation.

 

WM Investment Risk Management

JPMorgan Chase believes in a holistic approach to risk analysis by incorporating key risk disciplines including Credit, Market, Principal, Liquidity, Model, Legal, Fiduciary, Reputation, and Operational Risk and weighing these against returns.  JPMorgan Chase’s Firm wide Risk Management function operates independently of marketing and product groups within the lines of business.  The Chief Risk Officer (CRO) of the firm reports directly to the CEO and is accountable to the Board of Directors, primarily through the Directors Risk Policy Committee.

WM Investment Risk Management provides oversight of WM’s investment businesses to ensure that the risks taken in managed portfolios are appropriate to their investment objectives.  The team covers all investing activities within WM, from product onboarding to regular monitoring and governance.  Investment Risk works closely with the other risk disciplines within WM: Fiduciary risk, Credit risk, Operational risk and Reputational risk.

Investment Risk Officers are responsible for monitoring investment activities within specific products and asset classes.  These risk professionals have specialist knowledge aligned to their coverage area.  They have primary responsibility for the oversight and governance of investment risk within their covered businesses.  In addition, they provide valuable feedback to their Risk colleagues and to the businesses they cover regarding fiduciary issues and emergent risk- or market-related topics.

 

Investment Risk Management- Associate

In addition to its internally managed solutions, WM offers a number of Equity and Fixed income investment strategies by third party providers. These third party equity and fixed income funds are sourced by the Due Diligence Team for implementation in managed portfolios and client accounts.  The Investment Risk team provides independent risk oversight of the various equity, fixed income and liquid alternative fund products and managed solutions offered by WM.

Responsibilities:

·         Investment risk coverage for third party equity, fixed income and liquid alternative fund managers including specialized solutions and separately managed accounts utilizing these managers

·         Independently  coordinate and conduct analysis on equity and fixed income funds presented by the Due Diligence teams

·         Engage in regular dialogue with investment teams; provide an informed challenge to portfolio managers and due diligence teams

·         Maintain market intelligence in the Equity and fixed income investments space, highlighting and escalating key risks on the horizon

·         Participate in any ad hoc platform projects related to third party mutual fund ensuring Investment Risk requirements are highlighted

·         Assess risks in Equity and fixed income investment funds and solutions in response to market events, emergent risks or portfolio performance

·         Present and discuss Equity and fixed income investments funds and solutions at Risk meetings

 

·         Bachelor’s degree required in addition to 3 - 4 years of relevant experience; Master's degree or PhD in quantitative field preferred.

·         Strong partnership skills; experience working on cross-functional teams

·         Ability to challenge business partners while working constructively to achieve a common goal

·         Control mentality – naturally skeptical, with an ability to anticipate unforeseen consequences

·         Ownership mindset – takes personal responsibility for outcomes; sees beyond their own domain

·         Outstanding verbal and written communication skills

·         Coachable, excellent interpersonal, verbal and written communication skills

·         Detail and deadline oriented

·         Outstanding analytical and organizational skills

·         Self-starter with ability to manage projects independently

·         Desktop programming skills (SQL/VBA) and expert Excel skills are a significant advantage in this role

·         Ability to work with individuals at all levels in the organization and contribute to the strategic direction of the firm and the team

 

 

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