CIB – Market Risk Coverage – Associate – Equities (EDG)

Job description

JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. The firm is a leader in investment banking, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.

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.
Job Description

This role is to be a part of the Market Risk Coverage team for Equities in North America. Specifically, the role is coverage for the Equity Exotics business with the Equity Derivatives Group.

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, formulate and present view to management.
· Conduct ad hoc risk analysis, develop improvements to risk reports. Ability to present in group settings.
· Improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve risks, volatility 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.
· Support other projects adhering to regulatory and internal control deliverables and guidelines.

Desired profile

·  Bachelor's degree or a higher degree in economics, finance or quantitative field.
·  1 to 3 years of relevant experience in equities or Equity Derivatives (trading, sales, structuring, market risk, VCG, MGG, product control, or risk reporting).
·  Practical knowledge and understanding of Non-linear Options and Derivative products is required.
·  Familiarity with and enthusiasm for financial markets is critical.
·  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 in a trading floor setting.

*LI-POST