JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. The firm is a leader in investment banking, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.
The Credit Risk Stress and Margin team (“CRSM”) works within Credit Risk to measure and manage the exposure from trading activity across numerous asset classes and client types. Client types are primarily Hedge Funds and traditional Asset Managers but also include Banks and Broker Dealers, Insurance Companies, Pensions and Corporates. All products and asset classes that these clients can trade are in scope. This includes, but is not limited to the following: listed equities and Futures, all OTC derivatives including cleared and intermediated trades, structured products, repos, TBAs, FX and more. The CRSM team is organized into two collaborative stripes. One focused on the risk management of the Derivatives Clearing businesses and one focused on Portfolio Risk and Risk Methodologies. Both stripes also work together to support the ongoing development and enhancement of the strategic risk and stress platform.
This is an Analyst or Associate level role based in New York. The individual will support the development of a new strategic risk platform while working across both CRSM stripes (Derivatives Clearing Risk and Risk & Methodology). The candidate will develop an understanding of the market risks associated with a diverse set of products including Rates, FX, Credit, Commodities and Equities. The individual will contribute to the ongoing development and enhancement of stress and margin methodology, risk capture, and control frameworks.
Must possess the following:
- Bachelor’s degree in math, statistics, physics, financial engineering, computer science or other quantitative fields
- Strong understanding of derivatives valuation models and the various parameters and conditions affecting these products
- Ability to communicate results of analysis or underlying risk concepts clearly and succinctly (both written and verbal)
- Strong project management and communication skills
- Adept with Excel and familiarity with Bloomberg or Reuters-Eikon
Prior experience working at a financial institution in a risk role, trading capacity, or role with a focus on a clearing business
Experience working with technology teams and developers; ability to understand various systems & data flow within the risk architecture
Master’s degree or CFA or FRM designations