Market Risk VaR and Capital Coverage - Associate

JPMorgan Chase & Co.; City of Westminster; On-site; GBP 120,000 - 180,000; Full time

Job summary

JPMorgan Chase & Co. seeks a market risk professional to oversee regulatory capital for Global Commodities, covering energy, metals, and agriculture sectors.

You will monitor risk and P&L drivers, analyze price movements, and develop expertise in derivatives and physical-linked risk within a fast-paced, global environment. You will lead data science and infrastructure initiatives to modernize VaR oversight, collaborate with Risk, Finance, Front Office, and Trading desks, and help implement

Qualifications

• Bachelor's degree in a relevant field.
• Master's degree or MBA preferred.
• Experience with coding and data science (Python, SQL, data visualization).

Responsibilities

• Oversee Market Risk Regulatory Capital for Global Commodities.
• Monitor risk exposures and P&L drivers across commodities portfolios.
• Analyze price movements in spot/forward curves, basis, spreads, volatility.
• Develop expertise in derivatives and physical-linked risk in commodities.
• Govern VaR and Stressed VaR and regulatory capital measures.
• Provide regulatory capital expertise to Risk, Finance, and Front Office.
• Collaborate with Market Risk Coverage and Trading Desks on capital impacts.
• Support implementation of future regulatory frameworks such as FRTB.
• Lead data science and infrastructure initiatives to modernize VaR oversight.
• Partner across Market Risk, QR, Product Control, Technology, Data Science teams.
• Demonstrate strong communication and project management skills.

Skills

Python

SQL

Data Visualization

Education

Bachelor's degree

Master's degree or MBA

Job description

Are you ready to shape the future of market risk management at a leading global financial institution? Join us to drive impactful change across the Commodities asset class, supporting a dynamic market making business spanning energy, metals, and agricultural markets. You will collaborate with talented teams and leverage cutting-edge technology to modernize risk oversight. This is your opportunity to make a significant impact on the firm's regulatory capital framework. Be part of a team where your expertise and ideas truly matter. As a member of the Market Risk VaR & Capital Coverage Team in Market Risk Management, you oversee market risk regulatory capital for the Global Commodities business, working closely with teams across the CIB. You help us understand and manage risk, drive strategic initiatives, and support the implementation of future regulatory frameworks. Together, we create a robust and forward-looking risk management environment.,

• Oversee the Firm's Market Risk Regulatory Capital framework for Global Commodities
• Utilize trading analysis tools to monitor risk exposures and profit and loss drivers across commodities portfolios
• Follow global commodities markets and analyze price movements impacting trading portfolios (e.g., spot/forward curves, basis, spreads, volatility)
• Develop expertise in a wide range of commodities products (derivatives and, where applicable, physical-linked risk) and associated market risk factors
• Govern risk management metrics and regulatory capital measures, including VaR and Stressed VaR
• Provide regulatory capital expertise to Risk, Finance, and Front Office teams
• Collaborate with Market Risk Coverage and Trading Desks to assess capital impacts of new products and risk-taking activities
• Support implementation of future regulatory frameworks, such as FRTB
• Lead data science and infrastructure initiatives to modernize VaR and capital oversight (e.g., automation, data quality, controls, explainability)
• Partner across Market Risk Management, Quantitative Research, Product Control, Technology, and Data Science teams
  Market risk experience in the Commodities asset class, or similar (e.g., rates/FX/credit with strong transferable risk framework experience)
• Experience working in a fast-paced environment, responding to market events and collaborating with cross-functional teams
• Excellent written and verbal communication skills
• Strong project management skills with ability to drive initiatives to completion
• Bachelor's degree
• Strong process and control mindset

Preferred Qualifications, Capabilities, and Skills

• Experience with coding and data science (e.g., Python, SQL, data visualization)
• Master's degree or MBA

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., 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.