Wealth Management, Derivatives Risk Management, Vice President

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

The Wealth Management division of JPMorgan Chase & Co. is part of the Asset & Wealth Management business segment. It has offered for over 200 years customized solutions and client service of the highest quality to solve the complex needs of wealthy individuals and their families around the world.

Job Summary

The Private Bank’s global cross‑asset OTC Derivatives and Structured Products business is a microcosm of the Investment Bank’s Markets trading business, with several specialist trading sub-businesses and coverage for a diverse array of products include complex/exotic and bespoke offerings, meeting the needs of a broad private banking client base. Supporting client derivatives trading and structured solutions activity it faces market risk and counterparty credit risk, alongside specific private banking client dynamics, such as esoteric margining & collateral scenarios and potential for wrong‑way, concentrated or correlated risk positioning.

As a Derivatives Risk Management, Vice President (VP), you will lead first‑line Derivatives risk management for the Private Bank’s global cross‑asset OTC Derivatives and Structured Products business.

The role is a first‑line risk management position embedded in the business. It provides business‑aligned risk decision support, trade risk modelling/pricing, control, monitoring and escalation, and partners closely with independent risk and control functions. The role strengthens the business’ first‑line risk capability and ensures robust engagement, mitigation and governance outcomes.

The role is expected to be hands‑on (Risk modelling, analytics, triage, MI) as well as able to distil complex topics into insightful & impactful materials for senior stakeholders and governance forums.

Job 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.

Required qualifications, capabilities and skills:

• 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.

Preferred qualifications, capabilities and skills:

• Experience developing, implementing or integrating risk tooling/platforms.

• Background in CCR, particularly xVA Risk Management.

• Exposure to dynamic margining methodologies (ISDA SIMM) and CSA / collateral optimization.

• Coding experience in Python, VB, SQL or equivalent analytical coding skills.

• Experience working with Private Bank / Wealth Management clients trading OTC Derivatives.

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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.

J.P. Morgan Asset & Wealth Management delivers industry‑leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals. J.P. Morgan Private Bank is looking for a Vice President to join our Global Derivatives Brokerage Trading team, with responsibilities for Derivatives Risk Management.