Corporate - Risk Management- Firmwide Market Risk Market Risk Basel Group - Analytics - Associate

Employment Type

: Full-Time

Industry

: Miscellaneous



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 www.jpmorganchase.com.
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.
Description

The Market Risk Basel Group (MRBG) is seeking a candidate to
join the MRBG Analytics team, based out of New York, to support tactical
calculation and analytics needs for the Fundamental Review of the Trading Book
(FRTB) and other Basel/capital related items. FRTB is the new Market Risk Capital Rule from
the Basel Committee which is expected to be live in 2021-2022. The individual will support the tactical
production of market risk capital & explanation of capital changes based on
the final FRTB rules published in Jan 2019, and work with the QR and tech
partners on the strategic implementation of FRTB for the firm. The FRTB results
will be used for multiple internal and external commitments, including Basel
III monitoring exercises, impact analyses required for senior management
communication & planning, and other key efforts supporting the FRTB
strategic program. The successful candidate will partner across Firmwide Market
Risk, Market Risk Coverage, Regulatory Capital Management Office, Model Risk
and Development, Quantitative Research, and Product Control teams to deliver
and explain the FRTB capital results. In
addition to FRTB calculation and analytics, the candidate will provide tactical
support for other MRBG Basel related analytics needs.

Key Responsibilities
Run the semi-strategic calculation and reporting
capabilities for FRTB market risk capital and assist with implementation of the
strategic FRTB solutionExecute market risk capital calculations for
proposed FRTB rules across all in-scope desks & products and select legal
entities within the FirmProvide explanation of market risk capital
movements with supporting commentary around position and market moves, trading
strategy changes and FRTB rule or implementation changesPartner across teams to on-board new products
& desks onto the FRTB capital reporting processProvide central analytics to the FRTB Program
Management and Steering CommitteeDaily management of processes to ensure
functions are performed accurately and within required timeframes
Strong Python and VBA skills.Strong analytical and quantitative skillsExperience 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. 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. Excellent written and verbal communications
skills and a strong track record of partnership
Strong process and control mindsetBachelor s degree, Masters and/or CFA
designation a plus

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