CIB – Risk – Market Risk Coverage – Global Emerging Markets – VP
Market Risk is an independent control group which performs a key role in J.P. Morgan's control framework. Market Risk teams are organized to cover the main trading divisions.
This role is to cover the risk management framework across the Global Emerging Markets business, as part of the coverage MRM team.
Given the complexity of the firm's derivative portfolios, Market Risk is uniquely positioned as the team that ensures all market risks are made transparent to senior management, the businesses, regulators and investors. MR highlights concentrations in risk and work with the trading and quantitative groups to fully understand their implications from a risk/return perspective. Market Risk works to optimize the firms return on risk, and to reduce volatility in operating performance.
Responsibilities:
- Coverage of risk management framework across Global Emerging Markets business, including:
- Ownership of the risk data by legal entity: approval of legal entity VaR, stress numbers, sensitivities and limits;
- Coordinate the limit framework: liaise with Market Risk Reporting teams limits implementations, its usage and address excess remediation;
- Coordinate the corporate and bespoke stress process globally - ownership of the stress flow and sign-off;
- Ownership of BAU list for VaR and stress;
- Global coordination/escalation of RNIV, RNIS, risk monitor, instrument authority;
- Coordinate regulatory requests i.e. CCAR, Stress VaR;
- Assist with VaR methodology and ownership of VaR accuracy;
- Work with the Front Office, Credit, Finance, Valuation Policy group, Quantitative Research, Model Review Group, and Middle Office as lead contact for risk management issues;
- Responsibility for defining best practice Value at Risk and Stress Scenarios methodology;
- Highlight concentrated or concerning risk positions; ensure appropriate reporting, transparency and management;
- Track current market environment against core risks to ensure PL surprises are avoided;
- Partner with Front Office and other Market Risk coverage groups to develop new tools and metrics to make the important risks and PL drivers more transparent to senior management;
- Ownership of risk data - interact with several areas to improve risk reporting and infrastructure. Lead risk infrastructure projects across Market Risk System and several product systems;
- Understanding of regulatory requirements and constraints that affects risk management in the Latin America business;
Qualifications:
Skills/Qualifications:
- Strong analytical quantitative skills; competent in financial instruments PnL profile and risk sensitivities;
- Strong in controls, project management, time management;
- Clear oral and written communication in English, strong interpersonal skills;
- Experience in market risk management/reporting;
- Ability to work independently with limited supervision; must be able to make clear recommendations to senior desk managers;
About J.P. Morgan's Corporate Investment Bank
J.P. Morgan's Corporate Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com .
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