VP, Derivatives Risk Management — Private Wealth

Next Frontier Capital; New York (NY); On-site; USD 180,000 - 250,000; Full time

Job summary

JPMorgan Chase & Co. seeks a Vice President to lead first‑line derivatives risk management for the Private Bank’s cross‑asset OTC derivatives and structured products business. You will partner with Markets, Trading, Sales and risk teams to provide decision support, risk analytics and governance.

The role requires hands‑on modelling, MI, and the ability to distill complex topics into clear materials for senior leadership and risk committees.

Qualifications

• Minimum 5 years’ experience in Derivatives risk management, Markets, or related front‑office/risk roles with strong technical fluency of x‑asset OTC Derivatives and Structured Products (including exotics and lifecycle events).
• Strong working expertise with market risk drivers; ability to interpret, explain and challenge analytics outputs (e.g. the Greeks, VaR, concentration, correlation, liquidity, stress scenarios)
• Strong working knowledge of CCR fundamentals and exposure concepts (e.g., PFE, xVA, netting/CSA, dynamic margining/SIMM, collateral impacts, WWR) partnering effectively with specialist CIB Quant Risk teams and translating risk implications & impacts to senior stakeholders and decision forums.
• Demonstrated ability to operate at both hands‑on and strategic levels: trading desk support, triage and solving or MR/CR issues, while also setting direction, governance and controls.
• Strong stakeholder management and communication skills; able to produce impactful materials and drive alignment across functions.

Responsibilities

• Risk Roadmap Ownership: Define and drive the roadmap to refine the risk analytics tooling & metrics strategic platforms.
• Risk Tooling: Requires a hands‑on approach to developing and supporting front office tools for modelling, pricing and analyzing various risks across the MR and CR domains; achieving trade & portfolio‑level risk metrics for both the business, bank and our clients.
• Risk Platforms Transformation: Drive deeper integration with CIB risk platforms to leverage scale. A change champion for the integration, scalability and availability of risk calculations and information delivery to the business and partner functions.
• Risk Frameworks & Governance: Enhance the market and credit risk frameworks for sophisticated controls in a growing, complex Derivatives business and risk portfolio. Delivering Risk controls approaches, assessments & information MI/reporting/platforms to support senior decision makers.
• Strategic Partnership: Lead high‑level relationships across the Private Bank stakeholders and CIB Markets & Risk teams. You will align stakeholders across divisions, functions, and Tech to turn complex risk scenarios and differing user needs into integrated risk platform solutions.
• Markets‑facing and partnering closely with Solutions/Trading, Sales/Advisors, and global functional stakeholders to strengthen Market Risk and Credit/CCR risk decision support. Maturing the Private Bank’s risk operating model and tooling, including potential integrations with Investment Bank platforms and/or external vendors.

Skills

Derivatives risk

Market risk

CCR fundamentals

Python

Stakeholder mgmt

Strategic & hands-on

Tools

SQL

VB

Job description

JPMorgan Chase & Co. seeks a Vice President to lead first‑line derivatives risk management for the Private Bank’s cross‑asset OTC derivatives and structured products business. You will partner with Markets, Trading, Sales and risk teams to provide decision support, risk analytics and governance.

The role requires hands‑on modelling, MI, and the ability to distill complex topics into clear materials for senior leadership and risk committees.