Risk Manager

Job Description
DESCRIPTION:
Duties: Develop quantitative techniques and mathematical or statistical models for risk management. Perform risk due diligence for new Private Equity and Mezzanine Debt investment proposals and oversee onboarding of new investment exposures in risk infrastructure. Ensure risks are understood, communicated, adequately captured in risk infrastructure, and accurately reported in management and regulatory reporting or public disclosure. Oversee weekly stress testing and daily VaR production processes including accurate application of model methodology and stress shocks, validating the accuracy of calculations, validating drivers of change, and resolving the root cause of any issues. Calculate stressed net income and balance sheet projections for CCAR and Risk Appetite. Ensure adequacy of controls and accuracy of results. Develop quantitative techniques and mathematical or statistical models for risk management. Contribute to ongoing development and maintenance of stress testing models. Propose model changes as appropriate and justify methodology and assumptions with the model risk organization. Conduct various regular and ad-hoc analyses such as risk limit analysis, country, and industry investment exposure assignment, and ongoing investment diligence. Provide analytical and qualitative support to justify proposals. Provide support to head of Principal Risk area in governance-related tasks such as board and senior management presentations. Develop, improve, and maintain user tools for various risk- based processes and analyses. Propose improvements to the risk organization's technology infrastructure, interface with project management and development teams, perform testing, and see improvements through to completion. Develop and propose technology solutions, collaborate with Risk Technology team to communicate cost/benefit and details of implementation, conduct business process analysis, and perform testing as needed. Communicate and collaborate effectively across many stakeholders including senior management, line-of business teams, and project management.
QUALIFICATIONS:
Minimum education and experience required: Bachelor's degree in Actuarial Science, Finance, Economics, or related field of study plus 7 years of experience in the job offered or as a Risk Manager/Analyst, Financial Analyst, or related occupation.
Skills Required: Requires experience in the following: Develop and modify excel workbooks to support business processes and interpret excel formulas and workbooks developed by other teams; interpret and diagnose VBA macros; utilizing Microsoft PowerPoint to develop presentation materials; financial data screens and functions in Bloomberg; financial products including fixed income investments and derivatives; financial markets, industry, and regulatory standards for CCAR capital planning and investments permissible by Banks.
Job Location: 237 Park Avenue, New York, NY 10017. Telecommuting permitted up to 40% of the week.
Full-Time. Salary: $128,000 - $167,000 per year.
About Us
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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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
About the Team
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.