Asset Management - Wealth Management & Investment Solutions (WMIS)- Capital Markets Credit Risk - Analyst/Associate - NY

Job description

JP Morgan Chase:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with 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 http://www.jpmorganchase.com/ .

Our Firmwide Risk Function:

Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.

The Role:

The PB Risk Management team is responsible to provide independent risk oversight to the business. The Risk team partners with the business to identify, mitigate and monitor risks in products or services provided to clients. The team also seeks to identify and mitigate reputation risks and to build a culture of client-focused risk awareness within WMIS.

The JPM Private Banking seeks to deliver positive risk-adjusted returns appropriate to our clients' financial goals and risk tolerances, as well as offer an exceptional breadth and depth of wealth management disciplines within our company, including investments, estate planning, credit, philanthropy and banking. We deliver our services through a team of specialists in a tailored, advice-based manner to each client, use J.P. Morgan-affiliated managers and third-party managers and communicate closely with clients to keep them constantly informed about the changing landscape.

Within PBCM, JPMS Credit is responsible for managing the credit and market related risks of GWM clients engaged in securities trading and margin account related transactions.

The role will involve:

· Review of margin related transactions

· Assessing the adequacy of margin requirements

· Review and approval of credit facilities

· Analysis of stress tests on securities portfolios and communicating to risk

· Frequent interaction with the WMIS front offices with regards to time sensitive transactional inquiries

· Setting and enforcing credit and trading limits

· Interaction with Capital Advisors with regards to structuring credit

Desired profile

Minimum of two years working experience in the Broker/Dealer or Banking industry focused on securities based credit related transactions.

·  Series 7 a plus
·  Knowledge of Regulations T and U, FINRA margin regulations
·  Working knowledge of US Federal Securities regulations, Rule 144 and 145, a plus
·  Strong verbal and written communication skills
·  Strong analytic skills
·  Must be self-motivated and able to work independently
·  High-level of proficiency in organizing, prioritizing, and managing issues
·  Advanced Excel skills