IB Risk – Commodities Market Risk for Global Metals – VP – London recruitment
Background
Market Risk (MR) is an independent group which performs a key role in the bank's control framework and is uniquely positioned to ensure all market risks are made transparent to senior management, the businesses, regulators and investors.
MR works with trading and other functions to fully understand the implications of market risks and helps senior management to make decisions from a risk/return perspective.
MR works to optimise the firms return on risk, and to reduce volatility in operating performance.
Global Commodities Group (GCG) is growing and expanding quickly to be one of the biggest and most creative Commodities businesses across America, Asia Pacific and EMEA covering Oil, Natural Gas, Power, Base Metals, Precious Metals, Agriculturals Softs, Commodity Investor Products Exotics, and Strategic Trading, etc.
To provide sufficient market risk management coverage for this exciting business, a VP level market risk manager position is now open.
Job Description
Market Risk coverage lead for Global Metals business (both base and precious).
The position requires close liaison with metals global trading heads to identify and challenge significant risks in light of market outlook and structural positioning in the metals market. Whilst MR is an independent risk group the role will also involve providing analytical support for the trading business and thus requires ability to partner closely with traders.The position involves responsibility for 1 direct report but the successful applicant will be expected to take a leadership role across the wider MR coverage group such as leading some global initiatives. Opportunities for professional growth within the role/team are exceptional.As well as trading heads, he/she will work closely with Finance, Valuation, MR Technology, Middle Office and other support groups on all risk management related issues.
He/she will also provide support to our Asia trading platform for market risk related issues and will work very closely with our Asia market risk manager for commodities.
Examples of key projects include: Analysis of physical asset optionality, transitioning to state of the art risk management systems, analysis of regulatory related effects on commodities markets aswell as directing implementation of regulatory related reporting requirements, Tail risk quantification across assets etc.
ResponsibilitiesConstant senior trader interaction to discuss markets, strategies and risk across a range of trading strategiesAnalyse risk reports, risk measures and pnl to form views on risk taking and recommend strategies as well as analytical support for trading headsRisk return analysis, stress and scenario analysis, trade approvals and facilitation of capital allocationSetting and monitoring market risk limits and thresholdsLeading/participating in projects to improve risk processes across the commodities complex
Qualifications
Skills/QualificationsUnderstanding of market risk management principles and previous market risk management experience in related areasGood knowledge and understanding of commodities markets products required (possibly prior trading experience)Strong analytical quantitative skillsExcellent oral and written communication skills
Combination of detail orientation and strategic thinkingProficient in Excel, Bloomberg applications, database knowledgeAbout 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.