DESCRIPTION:
Duties: Set and monitor the risk limits in accordance with the risk appetite of the Firm and manage discussions with trading and senior management regarding any action to be taken. Present and lead discussions with trading and senior management during regional and global meetings to highlight concentrated or concerning risk positions to ensure appropriate transparency and reporting and recommend risk mitigants (new limits, hedging, etc). Review large and exceptional transactions, particularly those that exceed the pre-trade guidelines, to evaluate the risk/reward profile and resultantly recommend to approve/ reject/ approve with condition. Perform stress-testing for the business unit, including Firm-wide Stress Initiative (FSI), Federal Reserve's Comprehensive Capital Analysis & Review (CCAR), and additional ad-hoc scenarios, as well as participate in regulatory exams with regulators such as the Federal Reserve, OCC, FINRA, or SEC with tasks such as the Comprehensive Capital Analysis and Review (CCAR) and other regulatory asks. Perform in-depth research and analysis ('Deep dive') into complex or emerging risk situations to improve understanding of risks, recommend new ways of approaching and representing risks, and recommend risk mitigation strategies.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Financial Engineering, Financial Mathematics, Computational Finance, Engineering (any), Mathematics, Economics, or Statistics or related field of study plus 3 years (36 months) of experience in the job offered or as Market Risk, Distribution Risk and Hedging Analytics, Counterparty Risk Management Analyst or related occupation. The employer will alternatively accept a Bachelor's degree in Financial Engineering, Financial Mathematics, Computational Finance, Engineering (any), Mathematics, Economics, or Statistics or related field of study plus 5 years (60 months) of experience in the job offered or as Market Risk, Distribution Risk and Hedging Analytics, Counterparty Risk Management Analyst or related occupation.
Skills Required: This position requires one (1) year of experience with the following: Financial markets and macroeconomics in order to evaluate market conditions in relation to liquidity and execution of hedging strategies; Experience with financial derivatives market dynamic and complex volatility related environment; Python coding and python libraries in numerical computing and statistical analysis to generate risk dashboards and test various risk metrics/stress scenarios and related risk limit framework; Quantitative/Mathematics skills including Monte Carlo simulations, Stochastic Calculus, Time series models, and VaR models to understand complex and structured payoffs (such as basket options, varswaps, volswaps, autocalls, or cliquets); Analyzing product risks and challenging trading decisions and pricing models (including models such as local volatility model, stochastic volatility model, crash/gap risks, or SSR); Pricing and modeling of risk metrics, P&L attributions, and stress simulations; Prada based MS Access databases; Bloomberg terminal and its functions; Coding abilities on various engines including visual studios, Jupyter notebook, MySQL, and Microsoft Visual Basic; Advanced functions like performing statistical analysis using methods including linear regression and multivariate regression; and Regulatory tasks including Comprehensive Capital Analysis and Review (CCAR) as well as ad hoc requests from Regulatory organizations including the Federal Reserve, Office of the Comptroller of the Currency (OCC), FINRA, and SEC.
Job Location: 270 Park Ave, New York, NY 10017.
Full-Time. Salary: $188,178.00-$215,000.00 per year.
About UsWe 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, paid in the form of cash and/or forfeitable equity, 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans
Skills Required
- Master's degree in Financial Engineering, Financial Mathematics, Computational Finance, Engineering, Mathematics, Economics, Statistics or related field plus 3 years experience OR Bachelor's in same fields plus 5 years experience
- At least 1 year experience with financial markets and macroeconomics to evaluate liquidity and hedging execution
- At least 1 year experience with financial derivatives market dynamics and complex volatility environments
- Python coding and Python libraries for numerical computing and statistical analysis to generate risk dashboards and test risk metrics/stress scenarios
- Quantitative/mathematical skills including Monte Carlo simulations, stochastic calculus, time series models, and VaR models
- Experience analyzing product risks and challenging trading decisions and pricing models (local vol, stochastic vol, crash/gap risks, SSR)
- Pricing and modeling of risk metrics, P&L attribution, and stress simulations
- Experience with MS Access databases (Prada-based MS Access referenced)
- Proficiency with Bloomberg Terminal and its functions
- Coding abilities on Visual Studio, Jupyter Notebook, MySQL, and Microsoft Visual Basic
- Advanced statistical analysis skills including linear regression and multivariate regression
- Experience with regulatory tasks including CCAR and participation in regulatory exams (Federal Reserve, OCC, FINRA, SEC)
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 — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
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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