Job Description
Join our dynamic team at Firmwide Market Risk, where you will play a pivotal role in shaping the future of market risk management. You will have the opportunity to lead strategic projects that enhance our stress testing framework, ensuring transparency and efficiency in risk management. This is your chance to make a significant impact on the firm's risk profile and contribute to our mission of facilitating efficient risk/return decisions.
As a Risk Management - Market Risk Stress Test Lead - Vice President in the Firmwide Market Risk team, you will be at the forefront of stress testing initiatives, focusing on asset class methodology and strategic technology development. You will collaborate with experts across various risk functions to drive innovation and improve our stress testing infrastructure. Your work will be crucial in maintaining the firm's market risk transparency to senior management, the Board of Directors, and regulators.
Job responsibilities
- Own, develop, and maintain Firmwide Market Risk stress testing methodology, including shock design, documentation, governance, and review.
- Lead the asset class FSI shock Qualitative Model (QM) and relevant governance, partnering with asset class experts and Model Risk Governance and Review (MRGR).
- Develop, implement, and oversee stress-related technology processes and controls, including both BAU enhancements and strategic infrastructure.
- Drive data science and strategic infrastructure initiatives to modernize stress calculation, partnering with Market Risk Management, Quantitative Research, Technology, Product Management, and Data Science groups.
- Manage Trading Issuer Default Loss (IDL) submission for quarterly internal Risk Appetite and external regulatory exercises such as CCAR.
- Identify and mitigate operational risks, streamline processes, and optimize efficiency.
- Collaborate with internal and external control and audit teams to ensure effective risk management practices.
- Assist in analysis, documentation, and presentations for regulatory exams covering all trading assets.
- Coordinate with line of business-aligned Market Risk teams and partner groups, including Model Review, Risk Reporting, and Regulatory Capital Management Office.
Required qualifications, capabilities, and skills
- Bachelor's degree.
- Significant work experience in the financial industry.
- Strong quantitative and analytical background with knowledge of financial markets and complex financial product valuation.
- Understanding of trading strategies/exposures for one asset class;
- Knowledge of risk sensitivities on financial products, including Option Greeks.
- Advanced skills in analyzing large datasets using Excel, Tableau, or other software.
- Experience working with technology teams on risk system enhancements/infrastructure projects.
- Strong control and risk management mindset with a focus on process enhancement and improvements.
- Proven project leadership skills, business writing skills, and communication skills to drive initiatives to completion.
About Us
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
