Market Risk is an independent risk group within Risk Management, reporting to the Firm’s Chief Risk Officer, 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. The Market Risk Value at Risk and Capital Group is responsible for developing and delivering the operating model and framework for Basel market risk rule implementation in partnership with key stakeholder groups. In this role, you will support implementation, calculation, analysis, and reporting of market risk risk-weighted assets while partnering across Market Risk and Capital Management.
As a Market Risk Analyst within the Market Risk Value at Risk and Capital team, you will support the implementation, calculation, analysis, and reporting of market risk risk-weighted assets. You will help ensure the existing Basel regulatory framework and future regulatory requirements are properly implemented and maintained at the firm and legal entity levels. You will develop an understanding of the methodologies and inputs used for key market risk capital measures, and partner with Capital Management and other stakeholders on rule interpretation and controls. You will help manage controls and explain the risk-weighted asset measures by working with Market Risk management, middle office teams, business partners, quantitative research, and other groups.
Job responsibilities- Verify inputs and outputs of risk-weighted asset calculations across multiple measures, and analyze and explain results
- Provide risk-weighted assets for quarterly regulatory reporting, the firm’s internal stress testing process, and resolution and recovery reporting
- Perform scenario analysis and impact quantification on methodology and rule changes
- Implement and oversee end-to-end controls of capital measures by partnering with key stakeholders
- Identify operational risks and streamline processes to improve efficiency, explain capabilities, and strengthen controls
- Support the wider Market Risk organization on ad-hoc initiatives as needed
- Degree in Finance, Economics, Statistics, Engineering, Computer Science, or a related field
- 2+ years of experience in Finance, Risk Management, or a related field
- Strong working knowledge of derivative products across one or more asset classes
- Strong analytical, critical thinking, and problem-solving skills with a mindset on process enhancement and improvements
- Comfortable handling large datasets with strong Excel skills
- Self-motivated team player with the ability to research and resolve issues independently while working across teams to acquire needed information
- Ability to multi-task, work well under pressure, and deliver under tight deadlines
- Excellent written and verbal communication skills
- Advanced degree
- Financial Risk Manager certification
- Knowledge of Basel market risk rules
- Experience with Tableau and Alteryx
- Working knowledge of Python and willingness to learn new toolsets
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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.
Skills Required
- Degree in Finance, Economics, Statistics, Engineering, Computer Science, or a related field
- 2+ years of experience in Finance, Risk Management, or a related field
- Strong working knowledge of derivative products across one or more asset classes
- Strong analytical, critical thinking, and problem-solving skills
- Strong Excel skills and comfort handling large datasets
- Ability to research and resolve issues independently while working across teams
- Ability to multitask, work under pressure, and meet tight deadlines
- Excellent written and verbal communication skills
- Advanced degree
- Financial Risk Manager certification
- Knowledge of Basel market risk rules
- Experience with Tableau and Alteryx
- Working knowledge of Python and willingness to learn new toolsets
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Health coverage is considered comprehensive, including medical, dental, and vision, alongside wellness and mental health resources. Some locations add onsite health centers and related wellbeing support.
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Retirement Support — Retirement offerings include a 401(k)-type savings plan and related financial benefits, with options such as employee stock purchase participation. Financial planning resources are also highlighted to support long-term savings.
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Parental & Family Support — Paid parental leave of 16 weeks for birth or adoption is available for all parents. Child care and back-up child care resources further reinforce family support.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, 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. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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