Capital Risk Vice President

Next Frontier Capital; New York (NY); On-site; USD 140,000 - 220,000; Full time

Job summary

JPMorgan Chase & Co. in New York seeks a Capital Risk Vice President or Senior Associate to interpret regulatory capital rules and challenge capital methodologies.

You will support governance of market risk capital, review pricing models, and collaborate with model risk, analytics, and technology teams to improve reporting and controls. Required: 2 years in Market Risk or Capital Risk, advanced degree in finance or quantitative field, strong Excel and Python skills, and ability to work across

Qualifications

• 2 years of relevant experience in Market Risk, Capital Risk, Capital Risk Policy, or related risk function.
• Advanced degree in Finance, Mathematics, Financial Engineering, or related quantitative discipline.
• Deep understanding of regulatory capital regulations, calculation methodologies, and governance for market risk / FRTB.

Responsibilities

• Support the firm’s capital governance framework through independent challenge and policy interpretation
• Provide timely, well-supported challenge to internal capital policy guidance and exposure categorization
• Review market risk pricing models, analytical tools, and calculators for alignment with Market Risk Capital Rules
• Partner with model development and model risk/validation teams to track findings and support remediation
• Review proof of implementation testing of regulatory capital calculators
• Contribute to monitoring market and macroeconomic drivers to assess impacts on Risk-Weighted Assets and capital requirements
• Assist with scenario analysis to support capital planning and stress testing
• Work with Capital Risk Coverage, Analytics, and Technology teams to enhance dashboards and analytical tools
• Drive process improvement and automation in capital-related analysis and reporting
• Support ad hoc analysis and management/regulatory-ready materials for senior stakeholders

Skills

Market Risk

Capital Risk

Regulatory capital frameworks

Interpersonal skills

Collaboration

Attention to detail

Education

Advanced degree in Finance/Mathematics/Financial Engineering

Tools

Excel

Python

Job description

Bring your Expertise to JPMorgan Chase. 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.

As a Capital Risk Vice President or Senior Associate in the Capital Risk Policy group, you support independent interpretation of regulatory capital requirements and provide effective challenge to capital-related methodologies. You help ensure consistent application of market risk capital requirements and associated governance. You deliver the firm’s capital risk objectives and maintain strong capital risk governance. You contribute to a collaborative environment focused on responsible growth and innovation.

Job responsibilities:

• Support the firm’s capital governance framework through independent challenge and policy interpretation
• Provide timely, well-supported challenge to internal capital policy guidance and exposure categorization
• Review market risk pricing models, analytical tools, and calculators for alignment with Market Risk Capital Rules
• Partner with model development and model risk/validation teams to track findings and support remediation
• Review proof of implementation testing of regulatory capital calculators
• Contribute to monitoring market and macroeconomic drivers to assess impacts on Risk-Weighted Assets and capital requirements
• Assist with scenario analysis to support capital planning and stress testing
• Work with Capital Risk Coverage, Analytics, and Technology teams to enhance dashboards and analytical tools
• Drive process improvement and automation in capital-related analysis and reporting
• Support ad hoc analysis and management/regulatory-ready materials for senior stakeholders

Required qualifications, capabilities, and skills:

• 2 years of relevant experience in Market Risk, Capital Risk, Capital Risk Policy, or related risk function
• Advanced degree in Finance, Mathematics, Financial Engineering, or related quantitative discipline
• Deep understanding of regulatory capital regulations, calculation methodologies, and governance for market risk / FRTB
• Working knowledge of regulatory capital frameworks and concepts relevant to market risk
• Good understanding of fixed income and equity market risk, including derivatives and hedging concepts
• Strong interpersonal skills and collaborative approach
• Organized and detail-oriented, able to manage multiple deliverables
• Proficiency in Excel and working experience with Python (or similar) for analysis and reporting

Preferred qualifications, capabilities, and skills:

• Experience supporting work tied to FRTB regulatory cycle in a GSIB
• Familiarity with Basel 2.5 and/or FRTB, GSIB, SLR, and TLAC
• Experience with process improvement and automation in capital-related analysis
• Ability to engage with model developers and review model documentation
• Experience working with cross-functional teams
• Strong communication skills
• Experience in a large financial institution

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

Support capital risk policy and governance, ensuring compliance and driving process improvements at JPMorgan Chase.