CIB Risk is seeking a VP candidate - the role will be part of a trading floor based team covering the Global Equities business.
Corporate & Investment Bank (CIB) Market Risk Management is an independent risk group, reporting to the firm’s Chief Risk Officer (CRO), which identifies, measures, monitors and controls the financial risks related to movements in market prices.
The organization serves as the key interface for discussing risk issues on a respective trading portfolio with the trading desks.
CIB Market Risk performs the following primary functions :
Quantification of the risk of a potential loss of value in assets and liabilities due to changes in market variables, e.
g. interest rates, equity and commodity prices.
Independent ongoing identification, monitoring and control of business unit market risk
Performance of stress testing and qualitative risk assessments
Analysis of aggregated risks and tail risk exposure
Facilitation of efficient risk-return decisions
Regular dialogue with the trading businesses with respect to risk appetite, risk limits and individual large and complex transactions.
As a vital member of the Market Risk Organization, responsibilities & opportunities will include :
You will be working in a cutting edge Risk Organization, utilizing a wide variety of trading analysis tools to monitor risk exposures and understand the factors that drive the profits and loss affecting the trading portfolio.
You will be following the global financial markets, focusing on price movements and events affecting the trading portfolio, with the goal of highlighting top risks with the trading business and the Market Risk management team.
You will develop a deep understanding of the wide-ranging suite of financial products traded by JP Morgan and the key risks associated with them, assessing the appropriateness of the risk reward profile of new large or complex transactions.
You will be challenged to be innovative in looking for threats and weaknesses in the risk profile and expected to be pro-active in bringing these to the attention of the trading business and the Market Risk management team.
You will perform scenario analysis and stress testing, Conduct ad-hoc and regular risk analysis as well deep dives into various risk themes, and communicate findings
Skills / Qualifications :
Strong academic background with a minimum Bachelor’s Degree or equivalent. Experience is option is preferred.
Expected 8-12 years of experience in the industry, with thorough knowledge of market risk management practices. Relevant experience in trading, sales, structuring, market risk, VCG, MGG, product control, or risk reporting preferred
Team player and future leader with exceptional drive, creativity and interpersonal skills.
Excellent Leadership skills. Experience of managing people preferred, setting objectives and ensuring the team delivers quality product whilst championing the careers of team members and ensuring they have a healthy work / life balance.
Lateral thinker, tenacious, commitment to getting things done and detail focused.
Ability to form constructive professional relationships with a wide variety of teams in the firm.
Ability to multi-task, work well under pressure on a trading floor
Fluency in English is highly preferred along with excellent written and spoken communication skills.