IB Risk – Credit Portfolio Group – Infrastructure – Vice President – New York recruitment

J.P. Morgan is a leader in financial services, offering innovative and intelligent solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years and we keep their interests foremost in our minds at all times. This combination of product strength, intellectual capital and character sets us apart as an industry leader. J.P. Morgan is part of JPMorgan Chase Co. (NYSE: JPM), a global financial services firm with assets of $2.0 trillion.
The Credit Portfolio Group (CPG) is charged with actively managing the retained credit risks of the Investment Bank, including traditional credit products and counterparty credit risk arising from derivatives transactions. The group's objectives include:Reducing potential losses from credit deterioration and defaultsReducing concentrations to individual companies and/or industriesFacilitating client business by freeing up capital to be redeployed in new deals and higher margin activitiesImproving the portfolio's risk adjusted return on capital
As part of CPG, the Credit Portfolio Infrastructure team leads the business management of systems such as GAUSS which calculate and report derivative exposures.
It has responsibility to ensure data quality and understanding of derivative exposures used for Credit Risk management and regulatory reporting. One important way of looking at risk is to analyze exposure under stress conditions.

In 2012, the team will be greatly expanding the number of stress runs. They will be doing quarterly stress scenarios, market factor shocks, monthly gross-gamma runs, ICAAP stress runs, CCAR runs, FSA runs, plus ad hoc stress runs - which will add up to over 200 stress runs in 2012.

The team is looking for a senior-level candidate to review exposure results particularity related to Stress and Basel.
The candidate will be responsible for ensuring that stress parameters and reference data have been properly applied.

Qualifications
5 years of related experienceKnowledge of derivative products, as well as market and reference data, and how they are handled in calculationsKnowledge of regulatory requirements, including Basel specificationsKnowledge of advanced diagnostic tools, including the new IGAUSSEfffective communication (specifically with QR, MR, AD tech, CPS, CPG, and the Basel Regulatory Reporting Group)Ability to sort through a massive amount of data and identify anomalies.

JPMorgan Chase
Co. offers an exceptional benefits program and a highly competitive compensation package.
JPMorgan Chase Co.
is an Equal Opportunity and Affirmative Action Employer, M/F/D/V