Market Risk Middle Office Analyst

J.P. MORGAN; Bournemouth; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading global financial institution is seeking a Market Risk Middle Office Analyst in Bournemouth. The role entails performing control checks to ensure high data quality for risk measures critical to investment decisions. Ideal candidates will possess strong analytical skills, a meticulous eye for detail, and proficiency in Microsoft Excel. The position offers the opportunity to collaborate with various teams and enhance data integrity across market risk functions. Join a dynamic team committed to excellence in risk management.

Qualifications

• Meticulous eye for detail and ability to analyse complex situations.
• Professional, self-motivated, able to work under pressure.
• Ability to dynamically prioritise workload.

Responsibilities

• Perform daily data quality checks on VaR and market risk measures.
• Identify drivers of changes in risk measures and validate them.
• Remediate data quality issues with Product Controllers.
• Research and resolve inquiries from various stakeholders.
• Maintain procedure manuals to meet regulatory requirements.
• Build effective partnerships with various teams.
• Ensure timely execution of all processes.

Skills

Analytical mindset

Strong organizational skills

Excellent interpersonal skills

Excellent verbal and written communication

Strong proficiency in Microsoft Excel

Ability to work independently

Tools

Microsoft Excel

VBA

PowerPoint

Word

Outlook

Job description

Joining the Market Risk Middle Office means joining a global team, a team that takes pride in its role as part of the second line of defence for JPMorgan Chase. Analysts in the Market Risk Middle Office have ample opportunity to learn and develop, as the team supports a wide range of risks across all the Businesses the bank has to offer.

As Market Risk Middle Office Analyst with the Market Risk Middle Office team, you will be responsible for performing control checks to identify data quality issues within the firms Risk data. This is a key function as the risk data is then used to support investment decisions and, more importantly, submitted to the regulators. The team in Bournemouth supports data quality checks for VaR based measures including RegVaR and Stressed Var, as well as for other risk measures such as Default Exposure, Stress‑Testing and Volcker, as well as for the firms internal Capital Model.

The role requires someone with a meticulous eye for detail, strong organizational skills, an analytical mindset, and the willingness to apply it to large sets of data.

Job Responsibilities:

• Perform daily data quality checks on VaR, Stress and other market risk measures within agreed controls.
• Identify drivers of changes in market risk measures and reach out to appropriate stakeholders to understand its validity.
• Remediate data quality issues in line with agreements with Product Controllers and/or MRBG.
• Research, resolve, and escalate Line of Business, Market Risk Management and Audit inquiries.
• Maintain daily procedure manuals, ensuring that all local regulatory requirements are met.
• Build effective partnerships with the Market Risk Coverage, Product Control, Market Risk Technology, Market Risk Basel Group, Market Risk Quantitative Research and Market Risk Reporting teams.
• Ensure that all processes are run in the most effective, efficient, and timely manner to meet all SLAs.

Required qualifications, capabilities, and skills:

• Ability to understand business processes and their risk implications, analyse complex situations, reach appropriate conclusions, and make value-added and practical recommendations.
• Professional, self‑motivated, and adaptable person who can work effectively under pressure.
• Ability to work and solve problems independently, be able to work in a deadline‑oriented environment working with large amounts of data, and be able to dynamically prioritise workload.
• Excellent verbal and written communication skills, with the ability to create and present training materials.
• Excellent interpersonal skills: ability to develop effective credible relationships with the business and functional partners.
• Strong proficiency in Microsoft Excel is required, proficiency using other Microsoft products including PowerPoint, Word, and Outlook.
• Strong team player who can work well with colleagues of various levels and internal clients across regions.

Preferred qualifications, capabilities, and skills:

• A reasonable understanding of VaR, Stress and other Market Risk measures.
• Familiarity with the concept of PnL's, and how they contribute to VaR.
• Experience with VBA or other coding languages.

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country‑specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.