Risk Management - Market Risk Coverage Lead - Vice President
Aumni
Job Description
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance (RM&C), 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.
As a Risk Management - Market Risk Coverage Lead - Vice President, you will participate in all risk related matters (including monitoring and forecasting). Working in Risk Management, you will have the opportunity to work alongside professionals across all levels and regions, gaining exposure to senior portfolio managers in an area of the Firm that covers a wide range of asset classes and financial products. This role provides an ideal opportunity to gain a broad perspective of Firmwide risk management decisions and offers significant visibility to senior management.
Chief Investment Office, Treasury and Corporate (CTC) Risk manages the risk of the retained portfolio generated from the Chief Investment Office (CIO), Global Treasury, and “other” Corporate businesses (Firm-wide Pension Plan, Insurance programs, and Mortgage Servicing Rights).
The Chief Investment Office (CIO) manages the firm's structural interest rate and foreign exchange risks, and conservatively invests the firm’s excess deposits. Interest rate risk is managed primarily via investment securities and interest rate derivatives as tools to manage the firm's asset liability mismatch. The firm’s non-USD foreign exchange risk is managed through specifically defined hedging mandates. The Chief Investment Office (CIO) also manages the JP Morgan Retirement Plan and hedges the firm's Mortgage Servicing Rights.
Treasury manages the firm’s capital, balance sheet, liquidity and funding strategy and positions, including short dated and secured funding, debt and capital issuance and buybacks, and liquidity risk management, as well as the company’s rating agency relationships and corporate insurance activities.
The CTC Chief Risk Officer (CRO) reports to the Firmwide CRO and is responsible for the end to end risk framework for the CTC line of business; including, but not limited to, Market Risk, Credit Risk, Liquidity Risk, Interest Rate Risk, Operational Risk, Pensions and BOLI COLI, Country Risk, Principal Risk, and Model Risk.
Job responsibilities
- Report and monitor market risk positions - with the aim to identify material risk exposures and concentrations. Conduct ad hoc risk analysis, develop improvements of daily risk reports, and VaR and Stress analysis tools
- 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
- Track of market developments/moves vis-à-vis business risks
- Improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve risks, specific structure risks etc
- Assist the execution of key processes around risk sensitivities, reporting, Profit and Loss Analysis, and discuss the analysis and results with traders, providing support for conclusions and escalating as necessary
- Perform and validate quarterly stress testing and participate in analysis of business results as well as contribution to aggregate stress results
- Test and provide feedback to the Technology team around ongoing technology projects to automate processes
- Work on projects to develop innovate, new risk measures and implement best practice methodologies
- Partner with different risk teams, quantitative research, and the model governance group on issues regarding risk
- Develop strong relationships with key front office personnel, finance, audit and risk partners throughout the firm
- Represent Market risk in various related initiatives and ensure that the projects are delivered in a timely manner
Required qualifications, capabilities, and skills
- Strong analytical and critical thinking skills, as well as a high level of self-initiative required, including an ability to balance and execute multiple projects at once and deliver results under tight time constraints
- Understanding of the governance and controls surrounding risk monitoring including, VaR, stress testing, various return measures and experience with stress construction
- Understanding of fixed income/securitization markets and FX (Bonds, swaps, MBS, FX Fwds, FX swaps etc)
- Understanding or risk sensitivities related to these financial products
- Excellent oral and written communication skills
- Strong technical skills in Excel/Access/VBA/Bloomberg
- Strong coding skills in Python or SQL
About Us
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans