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CIB – Market Risk Coverage – Securitized Products Group - Associate/VP

Req #: 170118630
Location: London, ENG, UK
Job Category: Technology
Job Description:
Group description:
Investment Bank Market Risk is an independent control group which is overseen by the IB Chief Risk Officer.  IB Market Risk works in partnership with the Investment Bank trading businesses to provide risk advisory and control of market risk.  Market risk management seeks to facilitate efficient risk/return decisions, reduce volatility in operating performance, and make the Firm’s market risk profile transparent to senior management, the Board of Directors and regulators.  Market risk coverage staffs are based on the trading floor, with close proximity to the trading desks they monitor and have regular dialogue with traders around risk appetite, risk limits and individual large and complex transactions.
IB Market Risk performs the following primary functions:
• Establish a comprehensive market risk framework, including market risk methodology, policy and limits
• 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 with focus on revenue volatility
• Facilitation of efficient risk-return decisions  
  • IB Market Risk Coverage for EMEA SPG 


  • Coverage of European Securitized Products Business.
  • Regularly engage in a dialogue with traders and desk heads around risk appetite, risk limits and individual large and complex transactions.
  • Produce, analyze and monitor risk utilization and revenue performance. Avoid P&L surprises
  • Provide clear briefings of current events/issues to line management and to wider MR colleagues
  • Perform ad-hoc analyses around the business (including notable new transactions) in order to assist management decision making
  • Highlight concentrated or concerning risk positions and work with business to ensure appropriate reporting, transparency and management
  • Validate and resolve limit excess issues
  • Work with Credit, Finance, Valuation Control Group group, Quantitative Research, Model Review Group, and Middle Office as contact for all risk management issues
  • Responsibility for defining best practice Value at Risk and Stress Scenarios methodology
  • Guide our partners in Risk Reporting and Middle Office groups in order to make risks accurate & transparent. Shape risk infrastructure development
  • Work on regulatory driven market risk exercises
  • A deep dive in area’s of Risk.


Skills/Qualifications / Requirements:

  • Good existing knowledge of financial markets, preferably in either Mortgages, Credit and interest rates. Broad interest in markets essential
  • Good technical skills (Risk methodology/Products/Systems) –knowledge of MS Excel, Intex an advantage
  • Strong analytical & quantitative skills- experience and working knowledge in statistics
  • Understanding of risk sensitivities and P&L drivers
  • Excellent written and spoken communication skills
  • Proactive and able to work independently. Ability to manage own workload. Lateral thinker, tenacious, commitment to getting things done and detail focused
  • Strong team players
  • Markets  (trading/research) / Risk Management background essential


All internal moves will normally take place on the same grade and same salary. Salaries are reviewed annually in February. Exceptions to the rule regarding transfer on current salary may include a move between geographic locations.

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.    


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