Market Risk VaR and Capital Coverage - Associate

JPMorgan Chase & Co.; Greater London; On-site; GBP 90,000 - 140,000; Full time

Job summary

JPMorgan Chase & Co. in London seeks an experienced Market Risk professional to lead regulatory capital oversight for Global Commodities. You will monitor risk exposures, drive coverage across trading desks, and enhance capital frameworks with data-driven insights.

You will partner with Risk, Finance, Front Office, and Technology teams to implement future regulatory changes such as FRTB, and to advance risk analytics and automation across VaR and capital processes.

Qualifications

• Bachelor's degree or higher required in a quantitative or business discipline.
• Strong market risk knowledge with a track record of delivering risk programmes.
• Excellent written and verbal communication, plus stakeholder management.
• Proven ability to manage projects and drive initiatives to completion.

Responsibilities

• Oversee the Firm's Market Risk Regulatory Capital framework for Global Commodities.
• Utilize trading analysis tools to monitor risk exposures and P&L drivers across commodities portfolios.
• Follow global commodities markets and analyze price movements impacting trading portfolios (spot/forward curves, basis, spreads, volatility).
• Develop expertise in a wide range of commodities products (derivatives and physical-linked risk) and associated 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 (automation, data quality, controls, explainability).
• Partner across Market Risk Management, Quantitative Research, Product Control, Technology, and Data Science teams.

Skills

Market risk

Cross-functional collaboration

Communication

Project management

Education

Bachelor's degree

Master's degree or MBA

Tools

Python

SQL

Data visualization

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.

Job Responsibilities

• 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

Required Qualifications, Capabilities, and Skills

• 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