Corporate - Firmwide Market Risk – Market Risk Basel Group Analytics - VP - NY

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

Corporate - Firmwide Market Risk – Market Risk Basel Group Analytics - VP - NY

JP Morgan is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking , financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. Information about J.P. Morgan is available at .

Market Risk is an independent risk group within Risk Management, reporting to the Firm's CRO, 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. Firmwide Market Risk works closely with the Market Risk teams aligned to each Line of Business and other partner teams including Risk Reporting, Risk Policy, Regulatory Risk, Market Risk Middle Office, Business Middle Offices, Control & Oversight and Model Review to set Market Risk policy and a consistent framework for Market Risk across the firm, and to share best practices across LOB Market Risk teams. The Market Risk Basel Group is part of the Firmwide Market Risk organization and is responsible for developing and delivering the operating model and framework for Basel Market Risk Rule implementation in partnership with key stakeholder groups.


The Firmwide Market Risk group is seeking a candidate, based in New York, to support quantitative and qualitative analysis for StresVaR in context with Stress Period Selection and SVaR driver analysis. The candidate will partner with Market Risk Reporting (MRR), Market Risk Coverage (MRC), Market Risk Quantitative Research (MRQR), Market Risk Middle Office (MRMO), LOB Finance Product Control (LOB PC), Regulatory Capital Management Office (RCMO) and other functional areas to identify, track and remediate issues. The candidate will summarize and communicate questions and/or corrective actions.


Key Responsibilities

  • Perform Stress Period Selection Analysis and other SVaR UTMs.
  • Identify, investigate, analyze and explain SVaR and other risk metrics to provide commentary on key drivers.
  • Summarize and communicate issues impacted by economic/position data, market data, feed and/or operational issues.
  • Develop working relationships with internal stakeholders across MRQR, MRMO, Finance, MRR, RCMO and others.
  • Identify and drive remediation of SVaR Operating Model Gaps
  • Participate in various SVaR related meeting and forums.

  • Strong understanding and knowledge of VaR/StressVaR and risk sensitivities.
  • Experience in Market Risk, Regulatory Capital, Valuation, Finance Product Control or related function.
  • Knowledge of P&L Explain and VaR and how to use and interpret sensitivity data.
  • Strong analytical and quantitative skills; advance expertise and experience with VBA, Excel, Access; and, python.
  • Ability to multi-task and balance multiple priorities, work under pressure and manage tight deadlines.
  • Self motivated, demonstrate initiative, innovation, and solid problem solving skills. Confidence to drive issues through to completion often working to tight deadlines.
  • Confidence and ability to investigate/diagnose issues and drive resolution efforts.
  • Attentive to details with strong analytical and technical skills.
  • Excellent written and verbal communications skills and a strong track record of partnership
  • Experience with MaRRs application, construction of SQL like queries and working with VaR P/L Vectors.
  • Strong process and control mindset