Risk Management - Market Risk Governance Senior Associate

As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

The Market Risk Basel Group (MRBG) is seeking a candidate to join the MRBG Analytics team, to build and support the analytics needs for the Fundamental Review of the Trading Book (FRTB) and other Basel/capital related items. FRTB is the new Market Risk Capital Rule from the Basel Committee which is expected to be live in the next 2 years. At this role you will design and code analytics tools for all of the FRTB capital components, will engage on the project for implementation of FRTB for the firm and also support the analysis and production of capital results required for regulatory submissions or strategic decision making. You will have a chance to partner with Quantitative Research, Market Risk Technology, Firmwide Market Risk, Market Risk Coverage, Regulatory Capital Management Office, Model Risk and Development, and Product Control teams across various deliverables.

Job Responsibilities

• Execute Market Risk capital scenarios for proposed FRTB rules across all in-scope desks & products and select legal entities within the Firm
• Design, build and maintain next generation of Market Risk analytics modules for explaining FRTB Standardized Approach (SA) and Internal Model Approach (IMA) capital
• Analyze and explain Market Risk capital movements over time and across SA and IMA by leveraging existing analytics as well as by building new tools in Python
• Lead the implementation discussions for firm's strategic FRTB build by partnering with QR and Tech teams.
• Own strategic and tactical capital estimation processes for firm's FRTB strategy discussions as well as for regulatory capital submissions
• Understand and validate the appropriateness of capital models and capital generation processes

Required qualifications, capabilities, and skills

• Advanced degree (MSc, B.Tech or equivalent) in Mathematics, Engineering, Physics, Computer Science, etc., with experience in Market Risk, Regulatory Capital, Valuation, Finance Product Control or related function
• Strong expertise in Python, Excel
• Basic understanding of products across asset classes - Credit, Rates, Equities, Commodities & FX
• Strong quantitative and problem-solving skills
• Ability to multi-task and balance multiple priorities, work under pressure and manage tight deadlines
• Strong process and control mindset, self-motivated, detail-oriented, demonstrate initiative, innovation, and solid problem-solving skills. Confidence to drive issues through to completion often working to tight deadlines.
• Excellent written and verbal communications skills and a strong track record of partnership

• Knowledge of quantitative finance, trading strategy or financial regulations
• Experience in applying statistical and/or machine learning techniques in the financial industry

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents and perspectives that they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. (If you are a US or Canadian applicant with a disability and wish to request an accommodation to complete the application process, please contact us by calling the Accessibility Line (US and Canada Only) 1-866-777-4690 and indicate the specifics of the assistance needed.)

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans

Base Pay/Salary
New York,NY $101,650.00 - $156,000.00 / year