Posted in General Business 14 days ago.
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Location: Brooklyn, New York
Firmwide Market Risk - Market Risk Basel Group Associate/VP - All Asset Classes
Hiring Manager: William Baker
Group: Corporate Risk - Firmwide Market Risk - Market Risk Basel Group
Location: New York City area or other North America locations
JP Morgan is a leading global financial services firm with assets of $2.1 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 www.jpmorganchase.com .
Market Risk is an independent risk group within Risk Management, reporting to the Firm's CRO, 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. Firmwide Market Risk works closely with the Market Risk teams aligned to each Line of Business and other partner teams including Risk Reporting, Risk Policy, Regulatory Risk, Market Risk Middle Office, Business Middle Offices, Control & Oversight and Model Review to set Market Risk policy and a consistent framework for Market Risk across the firm, and to share best practices across LOB Market Risk teams. The Market Risk Basel Group is part of the Firmwide Market Risk organization and is responsible for developing and delivering the operating model and framework for Basel Market Risk Rule implementation in partnership with key stakeholder groups.
The Market Risk Basel Group is seeking an associate or VP-level professional to support the MRBG Line-of-Business (LOB) team on Market Risk Regulatory Capital across asset classes including Equities, Credit, Securitized Products and Macro (Rates, FX, EM and Commodities). The individual will lead and support the Strategic infrastructure and Data Science initiatives to modernize E2E VaR and capital production and oversight process. The associate or VP will ensure that Basel 2.5 and the future regulatory framework, i.e. Fundamental Review of the Trading Book (FRTB), are properly implemented and maintained at the Firm and Legal Entity levels. The successful candidate will need to effectively partner across Market Risk Management, Market Risk Technology, Quantitative Research, Data Science partner groups and other functional teams to manage and implement strategic and tactical initiatives leveraging the firm's robotics, machine learning and AI programs.
§ Oversight of Risk Management VaR and regulatory Market Risk Capital measures including VaR, Stressed VaR, Stress based capital and other modeled and standardized capital measures, including FRTB;
§ Drive and support market risk capital data and infrastructure initiatives across partner teams in Market Risk, QR, Product Control, Technology, and the Business;
§ Provide expertise and governance on the regulatory capital rules to Risk, Finance and Front Office business-aligned teams;
§ Implement and oversee end-to-end controls of the capital measures by partnering with key stakeholders;
§ Support the implementation of FRTB.
§ Strong quantitative and analytical skills;
§ Excellent written and verbal communication skills;
§ Ability to multi-task, work well under pressure with commitment to deliver under tight deadlines;
§ Good project management skills; ability to gain consensus among staff and drive initiatives to completion effectively;
§ Experience in one or more asset classes in a Market Risk or similar capacity a plus;
• Strong data science background a plus;
• Strong process and control mindset a plus;
• Bachelor's degree, Masters/MBA a plus.
JP Morgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package.
JP Morgan Chase & Co. is an Equal Opportunity and Affirmative Action Employer, M/F/Disabled/VeteransJPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
Equal Opportunity Employer/Disability/Veterans