IB – Risk Reporting – Securitized Products – Associate – 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 J.P. Morgan Chase Co. (NYSE: JPM), a global financial services firm with assets of $2.0 trillion.IB Risk Reporting is responsible for reporting, analyzing and controlling the risk exposure across the IB.
Examples of the group's work include the production of weekly risk pack with consolidated view of risk across IB as well as daily monthly risk reports used by the IB most senior management and market risk management to monitor the bank's overall risk profiles.
The group also has project management responsibilities for major projects within and outside the group. This includes the Market Risk Initiative thru 2009 (MRI) which will improve the market risk infrastructure, analysis, and reporting.
The Securitized Products Group, originates, distributes and trades on the secondary market RMBS, CMBS, ABS and Loans secured on Residential and Commercial real estate.
As an Associate you will be responsible for:Provide support to risk managers for ongoing monitoring and reporting of risk exposures for RMBS, CMBS and ABS products.Analyze VAR and PNL for risk/return analysis; provide risk commentary for key VAR drivers and significant VAR movement.Monitor and understand limits and report limit violation of statistical and non statistical exposures.Maintain data quality in the reporting system and utilize system tools to control accuracy of report results.Analyze large amounts of data.Provide support to risk managers for ad hoc projectsDevelop working relationship with the internal Finance teams, Product Control, Market Risk Technology, and the Market Risk Coverage teamProvide support to other team members in producing daily, weekly, and monthly risk reports

Qualifications
Good general knowledge of Securitized Products with at least 2 years experience with the financial industry preferredStrong Excel skills with vba programming experienceInnovative and creative skillsAbility to work and solve problems independently, and be able to work in a deadline oriented environmentAttention to detail, strong organization and processing skillsGood written and verbal communication skillsAbility to improve current processes and achieve efficienciesTeam player who can work well with colleagues of various levelsSelf-motivated and comfortable working with large amounts of dataBA/BS degree requiredJP Morgan Chase Co. offers an exceptional benefits program and a highly competitive compensation package.
JP Morgan Chase Co. is an Equal Opportunity and Affirmative Action Employer, M/F/D/V