JPMorgan Chase CIB – Market Risk Coverage – Equities (EDG Exotics) - Vice President in New York, New York
JPMorgan Chase & Co . (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .
CIB Market Risk Management is an independent risk group, reporting to the firm’s Chief Risk Officer (CRO), which identifies, measures, monitors and controls market risk. The group forms the key interface for discussing risk issues with the trading desks but retains independent reporting lines through the Risk management chain.
CIB Market Risk performs the following primary functions:
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
Facilitation of efficient risk-return decisions
Regular dialogue with the trading businesses with respect to risk appetite, risk limits and individual large and complex transactions.
This role is to be a part of the Market Risk Coverage team for Equities in North America covering EDG Exotics. The Exotics Business in New York includes barrier products, vanilla and exotic baskets, hybrids (mainly equity-rate and equity-FX), rules-based investable indices (algos), and structured solutions for insurance companies.
Responsibilities include, but are not limited to:
Daily reporting and monitoring of market risk positions and limits - with the aim to identify material risk exposures and concentrations. Due diligence and attention to detail is critical.
Monitor risk exposures, understand the factors that drive the risk and P&L on the books, follow market movement/activities affecting positions, highlight and discuss risk changes and top risks
Perform pre-trade review of major transactions
Conduct ad hoc risk analysis, develop improvements of daily risk reports, and VaR and Stress analysis tool.
Improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve risks, forward default risks, etc.
Coordinate and work with trading, business management, Valuation Control Group, Quantitative Research, Structuring, Model Governance Group, and Regulatory Risk on projects relating to Market Risk.
Perform Scenario analysis and stress testing.
Supporting other projects adhering to regulatory and internal control deliverables and guidelines.
Respond to urgent ad-hoc requests from senior management
Bachelor's degree or a higher degree in economics, finance or quantitative field.
5 to 8 years of relevant experience in derivatives ideally in Exotics (trading, sales, structuring, market risk, VCG, MGG, product control, or risk reporting)
Familiarity with and enthusiasm for financial markets is critical. Good knowledge of Equity derivative products preferred.
Strong analytical and quantitative skills.
Superior Excel and Access skills. Must have the ability to learn how to use core business and risk systems. Familiarity with VBA and SQL preferred
Good communication skills are necessary.
Strong sense of accountability and ownership of responsibilities must be diligent, self-motivated and good at following up on issues.
Ability to multi-task, work well under pressure on a trading floor.
Job: *Corporate Staff
Organization: *CORPORATE & INVESTMENT BANK
Title: CIB – Market Risk Coverage – Equities (EDG Exotics) - Vice President
Location: NY-New York-383 Madison / 41039
Requisition ID: 160102391