JPMorgan Chase Careers – Analyst/Associate

About the job

Group Description

Market Risk is an independent control group which performs a key role in J.P. Morgan’s control framework. Market Risk work in partnership with other control functions and the business to ensure that risk positions are adequately identified, measured, monitored and controlled.

Given the complexity of the firm’s security and derivative portfolios, Market Risk is uniquely positioned as the team that ensures all market risks are made transparent to senior management, the businesses, regulators and investors.

Market Risk highlights concentrations in risk and works with the trading and quantitative groups to fully understand their implications from a risk/return perspective. Market Risk works to optimise the firms return on risk, and to reduce volatility in operating performance.

Job Description

This role is for the UK Legal Entities Market Risk team, providing Market Risk governance and oversight of the main risks in the UK entities across multiple asset classes, in partnership with the asset class aligned coverage teams, and other functions.

The candidate will gain from this role a good understanding of different aspects of Market Risk such as market risk controls & governance framework, stress testing and risk analysis.

To be successful in this role, candidate should be a highly motivated individual, with inquisitive nature and attention to details.

Responsibilities

• Monitoring and control of main risks, achieved in close cooperation with market risk partners within asset class aligned coverage teams
• Investigating as appropriate changes in Sensitivities, VaR, Stress Testing & PnL in conjunction with asset class teams, provide explains to senior management
• Monitoring and maintaining (including providing oversight and challenge) of the market risk limits
• Conducting risk analysis on new trades and topical events assessing impact to exposures
• Further development of Market Risk framework, ranging from improving key risk reports to keeping policy/procedures documentation up to date
• Helping respond to inquiries from regulators, internal and external bank auditors.
• Interaction with various teams including asset class aligned Market Risk Coverage, LE Risk, Risk Reporting, Middle Office, Treasury, Finance, Technology and Quantitative Research on all aspects

Skills/Qualifications

• Strong academic background with a minimum Bachelor’s Degree. JPMorgan recruits from all academic disciplines
• Keen interest in financial markets and derivative products
• Good understanding of the relevant UK market risk regulatory environment is an advantage
• Lateral thinker, tenacious, commitment to getting things done and detail focused
• Team player and ability to form constructive professional relationships with a wide variety of teams in the firm
• Proficiency in Excel is required, capable of handling a large data set for analysis
• Fluency in English is a prerequisite along with excellent written and spoken communication skills.

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents 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.