CIB Market Risk - Global Rates - Associate - NY

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

CIB Market Risk - Global Rates - Associate - NY

CIB - Market Risk -Global Rates - Associate - NY

Group Description

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

CIB Risk is seeking an Associate level professional for the CIB Market Risk Global Rates team, based in New York. The role will be part of a trading floor based team covering the Global Rates business, as well as part of the Global Rates Market Risk management team.

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

  • Conduct ad hoc risk analysis, develop improvements of daily risk reports, and VaR and Stress analysis tool.

  • Improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve 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.

  • Supporting other projects adhering to regulatory and internal control deliverables and guidelines.

  • Respond to urgent ad-hoc requests from senior management


  • Market Risk or other risk management experience preferred.

  • Knowledge of interest rates & interest rate options markets required.

  • Experience working with MaRRS, Kapital and/or Athena a plus.

  • Knowledge of VaR modeling strongly preferred.

  • Knowledge of stress testing methodologies for fixed income markets strongly preferred.

  • Experience with regulatory interaction and familiarity with regulatory rules pertaining to risk a plus.

  • Strong project management skills, ability to gain consensus among staff and drive initiatives to completion effectively.

  • Ability to multi-task, work well under pressure with commitment to deliver under tight deadlines.

· Ability to work independently, as well as coordinate across a global team.

  • Strong analytical & quantitative skills are required.

  • Clear oral and written communication in English is required.

  • Strong proficiency in Excel is required. Knowledge of VBA and Access is preferred.

  • Bachelor's degree required. Advanced degree preferred.