• Job Description

  Req#: 210445036

  As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

  Team Description

  Corporate & Investment Bank (CIB) Market Risk Management is an independent risk group, reporting to the firm’s Chief Risk Officer (CRO), which identifies, measures, monitors and controls the financial risks related to movements in market prices. The organization serves as the key interface for discussing risk issues on a respective trading portfolio with the trading desks.

  CIB Market Risk performs the following primary functions:

  • Quantification of the risk of a potential loss of value in assets and liabilities due to changes in market variables, e.g. interest rates, equity and commodity prices.
  • Ongoing monitoring and control of a business unit’s exposure to market risk through risk limits.
  • Performance of stress testing and qualitative risk assessments of a business unit’s trading portfolio.
  • 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 Credit Trading in North America covering corporate credit.

  Job Responsibilities

  • Identify and analyze key risks in the NA Credit trading businesses using an array of innovative techniques to highlight key pockets of risk to senior management
  • Perform in-depth analysis on select single name corporate issuers where desk may have more concentrated exposure
  • Build and maintain strong relationships with the relevant traders and heads of the business, as well as risk management colleagues across the various risk disciplines
  • Develop specific stress tests to help determine and highlight the circumstances under which the business portfolio could incur material losses.
  • Conduct ad-hoc and regular risk analysis as well deep dives into various risk themes, and communicate findings
  • Follow global financial markets, focusing on price movements and events that may affect the trading portfolio, with the goal of highlighting top risks to the trading business and the Market Risk management
  • Identify and direct improvement in the bank's risk and limit monitoring framework

  Required Qualifications, Skills and Capabilities

  • Bachelor's degree or a higher degree in economics, finance or quantitative field
  • 3+ years of relevant experience - ideally in credit (market risk, credit risk, trading/structuring, valuation control, model governance, or product control)
  • Familiarity with financial markets and single name credit knowledge is critical. Strong knowledge of credit products / credit markets is preferred (bonds, loans, CDS, and structured lending)
  • Excellent communication skills, with the ability to communicate clearly and concisely with traders, senior management and other areas of the bank understanding the requirements of each group
  • Ability to form constructive professional relationships with a wide variety of teams in the firm
  • Strong sense of accountability and ownership - must be diligent, self-motivated and good at following up on issues
  • Role requires problem solving skills and a quantitative mindset

• About the company

  J.P. Morgan is a leader in financial services, offering solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years. Our business has been built upon our core principle of putting our clients'​ interests first.

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