1+ months

Corporate - Risk Management- Firmwide Market Risk – Market Risk Basel Group Associate – Credit

Brooklyn, NY 11201
  • Job Code

Corporate - Risk Management- Firmwide Market Risk – Market Risk Basel Group Associate – Credit

Req #: 190065316
Location: Brooklyn, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: US Dollar (USD)

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.


Job Description

The Market Risk Basel Group is seeking an analyst or associate-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 support the sign off of risk management VaR, monitor and understand the underlying drivers of the Firm’s Market Risk Capital measures; he or she will support the oversight and enhancement of the end-to-end framework, and support key initiatives and workstreams, based in the Brooklyn, NY office. The analyst or associate will ensure that Basel 2.5 framework is properly implemented and maintained at the Firm as well as LOB or Legal Entity level.  The successful candidate will need to effectively partner across Firmwide Market Risk, Market Risk Coverage, the Capital Management Office, Model Risk and Development, Quantitative Research, Middle Office and Finance to manage strategic and tactical initiatives that collectively provide oversight on regulatory Market Risk capital including VaR, Stress VaR, as well as Legal Entity Stress, Specific Risk, IRC, CRM, etc.


Job Responsibilities

  • Oversight on Risk Management VaR and regulatory Market Risk Capital including VaR, Stress VaR, Stress based capital and other  modeled and standardized capital measures;

  • Drive and support market risk capital initiatives across partner teams in Market Risk, QR, Product Control, Technology, and the Business;

  • Provide expertise and governance on the Basel 2.5 rule to Risk, Finance and Front Office business-aligned teams;

  • Implement and oversee the capital measures’ end-to-end controls by partnering with key stakeholders.

Skillset/Experience Required

  • Strong quantitative analytical skills;

  • Excellent written and verbal skills with a record of partnership across teams;

  • 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 a given or multiple asset classes in a Market Risk or similar capacity, with experience in either Market Risk Management, Valuation Control, Regulatory Capital, and Product Control functions a plus;

  • Strong business judgment and autonomy a plus;

  • Strong process and control mindset a plus;

  • Bachelor’s degree, Masters/MBA a plus.

Keyword: consumer%20banking


Posted: 2019-07-11 Expires: 2019-09-08

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world.

Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries.

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Corporate - Risk Management- Firmwide Market Risk – Market Risk Basel Group Associate – Credit

JPMorgan Chase & Co.
Brooklyn, NY 11201

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