Cib Market Risk Credit Portfolio Group Associate

3 weeks ago

London, Greater London, United Kingdom JPMorgan Chase Bank, N.A. Full time

If you combine strong organizational and communication skills, with an understanding of derivatives markets, risks and technology infrastructure to improve controls, efficiency and consistency across the business, this role is for you.

This role offers a unique opportunity to develop a holistic understanding of complex market risks.

You will be exposed to a wide range of derivatives risks in all asset classes (credit, rates, fx, equities and commodities).

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 by performing 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 riskreturn decisions
  • Regular dialogue with the trading businesses with respect to risk appetite, risk limits and individual large and complex transactions.


You will be part of a trading floor based team covering the Credit Portfolio Group (CGP) business, that is responsible for strategic risk management of certain risks, primarily on behalf of the Corporate and Investment Bank (CIB).

CPG's portfolio includes credit exposure created by traditional credit products and derivative transactions. CPG is also responsible for managing the funding risk (FVA) on derivatives.

Differential Discounting ("DD") is also part of CPG and serves as a central utility for other JPMorgan trading desks to hedge their exposure to discounting risks ("CSA risk").


Job responsibilities

  • Monitoring risk exposures, understanding the factors that drive risk and P&L on the books, following market movement/activities affecting positions, discussing risk changes and top risks.
  • Developing tools (e.g. Alteryx, Tableau, Ninja reports) to better understand and analyse the risks
  • Performing independent adhoc risk analysis on a wide range of products / assets
  • Reviewing new hedging strategies and performing correlation analysis of hedges to bookside risks
  • Ongoing effort to identify material risk exposures and concentrations. Due diligence and attention to detail is critical.

Required qualifications, capabilities, and skills

  • Knowledge of derivatives in at least one asset class (IR, Credit, FX, Equity or Commodity)
  • A taste for understating complex cross asset risks arising from management of CVA / FVA / Differential Discounting / Loan books
  • Strong project management skills, ability to gain consensus among staff and drive initiatives to completion effectively absolutely critical
  • Ability to prioritize and commitment to deliver under defined deadlines
  • Strong analytical & quantitative skills are required
  • Ability to synthesize key takeaways and simplify problems
  • Clear oral and written communication in English is required
  • Bachelor's degree required. Advanced degree preferred

Preferred qualifications, capabilities, and skills

  • Proficiency in Excel is required. Experience or interest in developing tools using other software (Alteryx, Tableau, Python, etc.) is preferred
  • Experience working with MaRRS, PLATO, Kapital and/or Athena a plus
J.P.

Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors.

Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.


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.

In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

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