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IB Risk – Credit Risk Management – Clearinghouse Market Risk – Analyst

Job Description

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.
Group Description
CIB Credit Risk Management is responsible for lending activities and related credit exposures within JPM’s Corporate & Investment Bank (CIB). The group is organized by geography with teams aligned by industry. CIB Credit Risk Managers lead the client credit relationship in partnership with Investment Banking.
Global Central Counterparty (CCP) Risk Management – In an effort to develop a more integrated and comprehensive framework to managing CCP Risk within the Credit Risk organization, a newly formed team under the Credit Clearinghouse Risk and Strategy organization has been created to monitor Global CCP market exposures.  This team’s responsibilities will include creating a markets related risk framework to actively monitor contingent risk and position concentrations, providing trend and liquidity analyses, assessment and limits to risk appetite, ad-hoc stress analyses and risk strategies to mitigate exposures to CCP’s during a potential crisis event.
Job Responsibilities
  • Assist a team in building a risk framework and infrastructure to govern granular level risk data facing CCP platforms.  This will require light programming involved with managing a data hub to optimize the process
  • Creating reports which will need mapping to data feeds through various systems across businesses and risk dimensions (LOB, Region, Product, CCP Segment, etc.) and various risk measures (greeks, stress, CSW, etc.)
  • Running proxy stress results using standard FSI shocks & ad hoc scenarios to explain CCP monthly impacts
  • Monitor volume and flows to track unusual trends, raise concerns and initiate management discussions
  • Develop an independent view on risk appetite to CCPs through continued analyses of concentrations, gap, illiquidity associated with CCPs and ability to escalate accordingly to senior managers
  • Partner with Trading, Risk & Product Controllers to discuss exposure strategies and macro business decisions
  • Provide deep dives and analyses on relevant headlines, market trends or flows impacting CCPs
  • Basic understanding of Market Risk statistical & non-statistical risk measures (ie VaR, Stress, IR DV01, Vega, etc)
  • Good working knowledge of Capital markets and trading products across asset classes
  • Strong Math or Statistics background
  • Accountable self-motivator and ability to work independently
  • Strong verbal communication, written and interpersonal skills
  • Strong Excel skills including VBA
  • Programming in R, Python, SQL a plus
Req #: 180053335
Location: New York, NY US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: 0 US Dollar (USD)

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