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CIB QR - Quantitative Research Market Risk and Governance - Associate

Req #: 170112953
Location: Jersey City, NJ, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:
J.P. Morgan is a leading global financial services firm with assets of $2.4 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
Firmwide Market Risk and Governance is an independent risk group, 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. Market Risk has teams aligned to each business and region and works closely with the front office, CFOs, middle office and risk reporting to ensure a complete understanding of the firm's market risk. 
Within Market Risk Management, the Market Risk QR (MRQR) is responsible for development of Value-at-Risk models used for risk management and capitalization of the trading businesses. MRQR works closely with Market Risk Coverage, Market Risk Technology, and Model Risk and Development, and collaborates extensively with Quantitative Research (i.e., “desk quants”), Middle Office, Risk Reporting, the Front Office, and Controllers, to develop a VaR platform that captures risk fully within a robust control environment. MRQR also supports different firm wide Stress requirements.
  • Developing VaR Methodology
  • Analyzing historical time series market data
  • Performing risk scenario analysis
  • Working with risk management, quantitative research and technology
  • Develop Stress methodologies supporting FSI, CCAR, etc.
  • Bachelors degree required
  • One to two years of financial services or programming experience is desirable.
  • Strong written and spoken communication skills.  Must be able to converse with a wide variety of groups
  • Familiarity with Excel VBA and Access/SQL is a plus.  Python proficiency would be helpful.
  • Ability to work independently and make clear recommendations and conclusions
  • Strong sense of accountability and ownership of responsibilities, work diligently, self-motivated and good at following up on issues
  • Strong analytical skills; competent with numbers and able to challenge concepts/proposals. Sound understanding of basic quantitative concepts.
  • Ability to work well under pressure with commitment to deliver under tight deadlines


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