Market Risk VaR and Capital Coverage - Associate

JPMorganChase; Greater London; On-site; GBP 110,000 - 140,000; Full time

Job summary

J.P. Morgan is seeking a senior Market Risk professional to shape the risk framework for Global Commodities. You will oversee regulatory capital, collaborate with Market Risk Coverage, Trading Desks, and Quantitative teams to monitor exposures and capital impacts.

The role emphasizes data-driven risk management and modernization of VaR capabilities. You will drive initiatives across technology, risk, and finance to implement future regulatory frameworks such as FRTB, ensuring strong governance

Qualifications

• Experience in market risk management within commodities or transferable risk frameworks.
• Ability to operate effectively in high‑tempo market events and collaborate with cross‑functional teams.
• Strong written and verbal communication skills across stakeholders.
• Proven project management skills with a track record of delivering initiatives.
• Solid understanding of risk controls and governance processes.

Responsibilities

• Oversee Market Risk Regulatory Capital framework for Global Commodities.
• Use trading analysis tools to monitor risk and P&L drivers across portfolios.
• Monitor price movements in commodities markets and impact on trading portfolios.
• Develop expertise across a wide range of commodities products and risk factors.
• Govern risk metrics and regulatory capital measures such as VaR and stressed VaR.
• Provide regulatory capital guidance to Risk, Finance, and Front Office teams.
• Collaborate with Trading Desks to assess capital impacts of new products and activities.
• Support implementation of future regulatory frameworks including FRTB.
• Lead data science and infra initiatives to modernize VaR and capital oversight.

Skills

Market risk experience

Fast-paced environment

Communication skills

Project management

Process and control mindset

Education

Bachelor's degree

Master's degree or MBA

Tools

Python

SQL

Data visualization

Job description

Job Description

Are you ready to shape the future of market risk management at a leading global financial institution?

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

ABOUT US

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. We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

About The Team

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.