IB Market Risk – Electronic Trading – VP – London recruitment

Prime Services is J.P. Morgan's global, integrated client financing and clearing platform, offering a comprehensive range of financing, clearing, settlement and related execution services to a broad range of investors across the world.
Due to the continued business growth and expansion of the Electronic Trading businesses in Europe and Asia there is a greater focus on clients that follow a high frequency and algorithmic strategy, typically trading intraday. This client base requires low latency market data, execution and clearing services. The Global Head of Risk Management for Electronic Trading is responsible for the oversight and risk management of high frequency trading globally across all asset classes including:Futures Options (FX, Rates, Equities, Commodities)OTC Clearing (FX)Global Equities, Prime BrokerageThe Risk Head is looking to expand a high calibre and dynamic team to provide local support.
Responsibilities:
Risk Management will be applied across the following disciplines:Contingent Market Risk - Manage portfolio risks in the event that a client is unable to meet timely margin paymentsCounterparty Risk - Ensure clients understand the margin parameters and leverage that govern the overall Prime Brokerage relationshipOperational Risk - Identify operational risks and be able to provide solutions to control and mitigate themLimits - Decide on appropriate margin limits across ECNs (electronic connectivity networks)Technology Risk - Understand and define infrastructure guidelines across venues and exchangesLegal Risk - Establish risk requirements to ensure appropriate language exists in contractual agreementsMIS Reporting - liaise with Senior Management and Credit Officers reporting client portfolio risks to ensure all risks are made transparentClient Facing - frequent interaction with Prime Services Front Office teams and their clientsClient Due Diligence - review and assessment of client risks to establish best practice

Qualifications
Qualifications:
Previous experience in market risk or a related disciplinePost graduate qualification: MBA, CFA or PhD preferredUnderstanding of market risk management models, concepts and principles (VaR / Stress / Concentration / Liquidity)In-depth knowledge of Investment Bank products, services and asset classes including FX, FO and EquitiesExceptional quantitative and analytical skillsAble to multi-task, work autonomously and meet time sensitive deadlinesDetailed oriented and strong organisational skillsExcellent communication abilities, both written and oral; comfortable with conveying specific data requests to data providers and presenting information to Senior ManagementLocationLondon based
IB Risk
roles will be moving to Canary Wharf over the course of 2012.
Further details will be provided to the successful candidate at the point of hire.
About JPMorgan Chase Co.
J.P.
Morgan serves one of the largest client franchises in the world. Our clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. J.P.
Morgan is part of
JPMorgan Chase Co. (NYSE: JPM), a leading global financial services firm with assets of $2.2 trillion.
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. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of clients and consumers under its J.P.
Morgan and Chase, and WaMu brands.
J.P. Morgan offers an exceptional benefits program and a highly competitive compensation package.
J.P. Morgan is an Equal Opportunity Employer.