CIB – Market Risk Coverage – Legal Entity Market Risk - Associate
Req #: 170114236
Job Category: Accounting/Finance/Audit/Risk
Market Risk Coverage – UK Legal Entity Market Risk
Hiring Manager: Sunil Kalra
Position Available: Immediately
Location: 25 Bank Street, London, UK
Market Risk is an independent control group which performs a key role in J.P. Morgan’s control framework. Market Risk work in partnership with other control functions and the business to ensure that risk positions are adequately identified, measured, monitored and controlled.
Given the complexity of the firm’s security and derivative portfolios, Market Risk is uniquely positioned as the team that ensures all market risks are made transparent to senior management, the businesses, regulators and investors. MR highlights concentrations in risk and works with the trading and quantitative groups to fully understand their implications from a risk/return perspective. Market Risk works to optimise the firms return on risk, and to reduce volatility in operating performance.
This role is within the UK Legal Entity Market Risk team, which has the primary responsibility of Market Risk governance across UK branch & regulated legal entities, providing governance & oversight of the main risks across multiple asset classes, in partnership with the asset class aligned coverage teams, and other functions.
Monitoring of main risks in the UK Legal Entities, achieved through regular review of reports and interaction with partners within asset class aligned coverage teams
Projects and tasks associated with evolution of the risk framework, ranging from improving key risk reports to keeping policy/procedures documentation up to date
Involvement in a range of regulatory projects e.g. ICAAP, FDSF, GFS, IMA Application
Risk analysis on topical market events assessing impact to exposures within the Legal Entity
Investigate periodic changes in Sensitivities, VaR, Stress Testing & PnL in conjunction with asset class teams, provide explains to senior management
Interaction with Risk reporting, MRMO, Risk IT, LE Risk Team, MRQR and Market Risk Coverage on all aspects of risk management
Supervision of main controls within the governance function
Governance and oversight of the limits & PLC SNPR framework, conducting scheduled limit reviews.
Assist senior management in provision of key updates at various committees
Strong analytical & quantitative skills
knowledge and keen interest in financial markets and derivative products
High level of experience with Excel
Ability to quantitatively analyse and summarise financial data
Clear oral and written communication, presentation skills
Good project management skills
Inquisitive nature and attention to detail
Prior experience in market risk management, any asset class a plus
About J.P. Morgan’s Corporate & Investment Bank:
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com.
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.