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Market Risk Middle Office - Analyst

Req #: 170118317
Location: Bangalore East, KA, IN
Job Category: Accounting/Finance/Audit/Risk
Job Description:
J.P. Morgan is a leading global financial services firm, established over 200 years ago:

o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
o We have assets of $2.5 trillion and operations worldwide
o We operate in more than 100 markets.
o We have more than 243,000 employees globally.

Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.

Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.


Business Description:

 

Market Risk Middle Office (MRMO) is a group within the Firmwide Market Risk Reporting, Middle Office, and Project Services group within Corporate Risk. The group is responsible for Market Risk data control and risk analysis covering various risk processes including VaR, FSI Stress, Stress VaR, Regulatory Capital, Default Exposure, and Volcker.

 

Market Risk Middle Office has regular dialogue with Market Risk Management, Product Control, Middle Offices, Market Risk Reporting, Regulatory Reporting, and Technology teams across the various lines of business. The team is involved in a variety of improvement initiatives such as market data remediation, end to end reviews, and documentation of procedures, all in support of the various VaR processes.

 

This role within the Market Risk Middle Office will be focused on the development of the India based team that will play a key role in support of the various market risk functions supported by the team.  This will be inclusive of VaR, FSI Stress, Stress VaR, Regulatory Capital, Default Exposure and Volcker in addition to hierarchy management, feed governance and metrics reporting and analyses.   The position requires keen focus on controls and will be responsible for ensuring that all processes have strong/appropriate controls that are actively monitored. 

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Key Responsibilities:

 

  • Build effective partnerships with the Coverage, Technology, Market Risk Operate, RCMO, MRQR and Market Risk Reporting teams; consensus builder
  • Ensure that all processes are run in the most effective, efficient and timely manner to meet all SLAs
  • Ability to build critical relationships across the Market Risk Middle Office team
  • Development/refinement of key controls and ongoing monitoring and evaluation of the environment to mitigate control gaps/deficiencies across the Market Risk Middle Office
  • Ability to get into the details and know the workings of all processes within the stated responsibilities  will be key in the successful execution of this role
Qualification

  • 5 + years’ experience, primarily in financial services, with focused experience in either risk, product control, operations and/or finance, with solid technical experience
  • Develop business process knowledge and stay abreast of changes in the regulatory environment as impacting the various processes
  • Ability to effectively work with virtual teams
  • Strong knowledge of financial markets
  • Excellent verbal and written communication skills
  • Strong interpersonal skills; ability to develop effective/credible relationships with the business and functional partners; ability to interact seamlessly with both senior management, peers and staff members
  • Superior analytical abilities
  • Ability to effectively work in a matrixed reporting construct
  • Solid organizational skills and ability to prioritize
  • Attention to details; hands on engagement
  • Process-oriented with focus on continuous streamlining/improvement
  • Strong working knowledge of MS Office Suite.

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