Asset Management Risk - Global Wealth Management - Market Risk Coverage Officer - Vice President, NY

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • JPMorgan.
  • 25 Sep 16

Asset Management Risk - Global Wealth Management - Market Risk Coverage Officer - Vice President, NY

JPMorgan Chase is one of the oldest financial institutions in the United States with a history dating back over 200 years. We are a leading global financial services firm with assets of $2.4 trillion operating in more than 60 countries. J.P. Morgan Global Wealth Management (GWM) provides an exceptional breadth and depth of wealth management solutions including investing, wealth structuring, capital advisory, philanthropy and banking. J.P. Morgan's wealth management solutions are provided through the Private Bank and J.P. Morgan Securities Corporation.

Asset Management Risk - Global Wealth Management, Market Risk Coverage Officer, Vice President

J.P. Morgan Global Wealth Management (GWM) provides an exceptional breadth and depth of wealth management solutions including investing, wealth structuring, capital advisory, philanthropy and banking. J.P. Morgan's wealth management solutions are provided through the Private Bank and J.P. Morgan Securities Corporation. GWM is part of JPMorgan Chase, a leading global financial services firm with assets of $2.4 trillion operating in more than 60 countries.

The Market Risk coverage teams provide a critical link between the Market Risk team and the front office. The coverage officer's role is to ensure that the risks generated by each activity are properly captured and accurately reflected in all internal/external reporting and MIS. Candidates will need to display an in-depth understanding of markets and their impact on risk related metrics (value at risk, stress testing, basis point value, etc.). The role therefore demands a strong background in both trading and risk analytics.

Role description and responsibilities
This position covers market risk for Global Wealth Management. Primarily this includes fixed income market-marking and treasury activities with smaller exposures to FX, commodities and derivatives. Given the rapid pace of product innovation in the Private Bank, this role will have a meaningful emphasis on process change and risk capture for new products.

Primary responsibilities include:

  • Assessment/deployment of market risk processes for new activities
  • Maintenance and regular review of market risk limits
  • Monitoring of middle office signoffs on position and P/L data
  • Daily monitoring of risk limit utilization
  • Analysis and commentary on risk levels, limit breaches and P/L bandbreaks
  • Regular signoff and attestations for market risk reports
  • Ad hoc risk analyses & scenario testing
  • Analysis and commentary for regulatory reporting (e.g. CCAR/ICAAP)
  • Participation in regular market risk governance forums and working groups
  • Maintenance of market risk procedures and documentation


Qualifications

  • 8 - 10 years of financial industry experience
  • Fixed income trading desk experience required
  • Quantitative market risk training (Value at Risk, stress testing, position modelling)
  • Strong partnership skills; experience working with cross-functional teams
  • Very high analytical aptitude and problem-solving skills
  • Proven track record of ability to challenge business partners while working constructively to achieve a common goal; comfortable with challenging current practices
  • Control mentality - ability to anticipate potential issues and assess controls required
  • Self-starter with ability to manage multiple projects independently; capable of appropriately prioritizing deliverables