Market Risk Vice President

JPMorgan Chase & Co.; Greater London; On-site; GBP 140,000 - 190,000; Full time

Job summary

JPMorgan Chase & Co. in London seeks a Market Risk Vice President within the Chief Investment Office and Corporate Treasury to support Portfolio Managers in risk/return decisions and to enhance transparency of market risk to senior management and regulators.

You will develop expertise in fixed income markets, produce bespoke analytics, monitor risk positions, and collaborate with Quantitative Research and Model Review groups to improve risk models and reporting.

Qualifications

• Extensive experience in risk management and/or fixed income / securitized products.
• Understanding of fixed income markets with focus on Rates and FX.
• Understanding of governance and controls around risk monitoring including VaR and stress testing.
• Excellent written and spoken communication with ability to explain technical concepts.
• Ability to work independently across businesses with attention to detail in high-pressure environments.
• Ability to challenge portfolio views to allocate risk and capital effectively.
• Self-motivation and accountability.

Responsibilities

• Develop expertise in fixed income markets and CTC portfolios; produce bespoke analytics and apply research topics to investment portfolios.
• Highlight risk changes and discuss top risks; present deep dives to risk colleagues and senior management.
• Monitor market risk positions to identify material exposures and concentrations.
• Synthesize research topics into analysis and reports; analyze macroeconomic variables and impacts on projections.
• Evaluate and implement updates to financial models used in market risk management; coordinate implementation timelines.
• Drive efficiencies and contribute to technology initiatives in risk management.
• Improve risk transparency, methodologies, and reports with quantitative teams.

Skills

risk management

fixed income

communication

attention to detail

independent work

challenge PMs

accountability

Excel

VBA

Bloomberg

Education

Undergraduate degree

Tools

Excel

VBA

Bloomberg

Job description

As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers and communities.Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

Chief Investment Office, Treasury and Corporate (CTC) Risk manages the risk of the retained portfolio generated from the Chief Investment Office (CIO), Global Treasury, and “other” Corporate businesses (Firm-wide Pension Plan, Insurance programs, and Mortgage Servicing Rights.

As a Market Risk Vice President in the Chief Investment Office and Corporate Treasury business team, you will support Portfolio Managers to facilitate efficient risk/return decisions, reduce volatility in operating performance and ensure that the business market risk profile is transparent to senior management, the Board of Directors and regulators.

Job Responsibilities:

• Develop expertise in fixed income market and CTC’s corresponding portfolios; produce bespoke analytics and apply research topics to the investment portfolio, pre-trade investment reviews and limit updates
• Highlight and discuss risk changes and top risks, present deep dives to CTC Risk colleagues and senior risk management
• Monitor market risk positions - with the aim to identify material risk exposures and concentrations.
• Synthesize top-of-mind research topics relevant to the investment portfolios into analysis and special reports. Analyze macroeconomic variables and understand the impact to financial projections.
• Evaluate and implement updates to financial models used in market risk management, including challenges to proposed methodology, performing impact assessments, and coordinating model implementation timelines.
• Push efficiencies and process improvements and be involved in driving technology initiatives
• Improve risk transparency, methodologies and reports by collaborating with quantitative teams on model results and implementationsuch as Quantitative Research (QR) and Model Review Group (MRG)
• Contribute to CTC Risk standards and best practices by collaborating with other risk groups; represent CTC Market Risk in various related initiatives and ensure timely delivery of projects
• Respond to urgent ad-hoc requests from senior risk management

Required qualifications, capabilities, and skills:

• Extensive experience in risk management and/or fixed income / securitized products.
• Understanding of fixed income markets with a particular focus on Rates and FX
• Understanding of the governance and controls surrounding risk monitoring including, VaR, stress testing, various return measures and experience with stress construction
• Excellent written and spoken communication skillswith ability to explain technical concepts in practical terms; must be able to converse with a wide variety of groups
• Demonstrated ability to work effectively and independently across different businesses and functional areas with thorough attention to detail in a high-pressure environment
• Ability to challenge the portfolio manager's market positions and views and help assess the best allocation of risk and capital to various positions and businesses
• Self-motivated, diligent, strong sense of accountability and good at following up on issues
• Strong technical skills in Excel/VBA/Bloomberg; ability to learn how to use core business and risk systems
• Excellent academic record and an undergraduate degree are required;