Chief Investment Officer - Market Risk (Associate)

Testing Site - JPMC; Mumbai; On-site; INR 1,500,000 - 2,300,000; Full time

Job summary

JPMorgan Chase in Mumbai seeks a Market Risk Associate to support Portfolio Managers in the CIO Risk team. You will analyze fixed income portfolios, monitor market risk positions daily and produce insights for senior management.

The role requires 3+ years in risk management, strong Excel/VBA/Bloomberg skills, and familiarity with VaR and stress testing. An advanced finance degree is desirable. You will collaborate with QR and MRG groups and drive process improvements.

Qualifications

• 3+ years of experience in risk management and/or fixed income.
• Understanding of fixed income markets with focus on rates products.
• Knowledge of VaR, stress testing and risk metrics.
• Excellent written and spoken communication; able to explain complex concepts.
• able to work across different businesses with attention to detail.
• Ability to challenge PMs and assess risk allocations.
• Strong self-motivation, accountability and follow-up.
• Proficient in Excel/VBA/Bloomberg; able to learn Python; basic coding
• Undergraduate degree required; advanced finance degree desirable (MBA/FRM/CFA).

Responsibilities

• Develop expertise in fixed income markets and related portfolios; produce bespoke analytics.
• Highlight risk changes and discuss top risks; present deep dives to risk colleagues.
• Daily monitoring of market risk positions to identify exposures.
• Synthesize research topics into analysis and reports; analyze macro variables.
• Evaluate and implement updates to financial models; coordinate timelines.
• Drive process improvements and contribute to technology initiatives.
• Improve risk transparency, methodologies and reports with QR and MRG teams.
• Contribute to risk standards and represent Market Risk in initiatives.
• Respond to urgent ad-hoc requests from senior risk management.

Skills

Fixed income markets

Risk governance & VaR

Excel VBA Bloomberg

Python basics

Communication skills

Independent work

Attention to detail

Education

Bachelor's degree in finance/quantitative field

MBA or FRM/CFA desirable

Tools

Bloomberg Terminal

Microsoft Excel

VBA

Python

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 Associate 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
• Daily monitoring of 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

• 3+years of experience in risk management and/or fixed income.
• Understanding of fixed income markets with a particular focus on rates products (UST, TIPS, STRIPS, IR Swap, Swaption, Repo, FX Swap, Xccy Basis Swap).
• 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 python, vibe coding, use core business and risk systems
• Excellent academic record and an undergraduate degree are required;Advanced degree in finance or a related quantitative field; MBA from a top tier school or professional qualification in (FRM/CFA/Accountancy) is desirable

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