Market Risk Coverage Lead

Job Description
DESCRIPTION:
Duties: Identify, measure, monitor and control market risk for the business unit. Perform stress tests to analyze exposure to aggregated and tail risk to provide a holistic risk assessment and prevent over-leveraging of the bank's assets. Present and lead discussions with trading and senior management during regional and global meetings to highlight concentrated or concerning risk positions to ensure appropriate transparency and reporting. Participate in regulatory exams with regulators such as the Federal Reserve, Office of the Comptroller of the Currency (OCC), FINRA, SEC with tasks such as the Comprehensive Capital Analysis and Review (CCAR). Ensure proper production of Value at Risk (VaR) analysis for the desk and improve the risk capture in Value at Risk (VaR) analysis. Lead deep dives into complex or new emerging risk situations, improve transparency of risk, and recommend risk mitigation strategies. Work closely with other functions and control groups to lead and drive risk projects. Assess riskiness of new Investible Indices, availability and liquidity for hedging large and complex trades, risk management for discontinuous option payoffs, and aligning with an efficient risk-return profile for all structured transactions.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Operations Research, Accounting, Economics, Mathematics, Statistics, Financial Engineering or related field of study plus three (3) years of experience in the job offered or as Market Risk Coverage Lead, Market Risk Governance, Market Risk Quantitative Research or related occupation. The employer will alternatively accept a Bachelor's degree in Operations Research, Accounting, Economics, Mathematics, Statistics, Financial Engineering or related field of study plus five (5) years of experience in the job offered or as Market Risk Coverage Lead, Market Risk Governance, Market Risk Quantitative Research or related occupation.
Skills Required: This position requires three (3) years of experience with evaluating market conditions in financial markets and macroeconomics related to liquidity and market risks associated with execution of trading algorithms, derivatives and hedging strategies. This position requires one (1) year of experience coding in Python for numerical computing and statistical analysis to generate risk dashboards and test various risk metrics and related risk limit frameworks. This position requires any amount of experience with the following: analyzing algorithms and investment goals and challenging assumptions within the constructed investible indices business including concepts involving Momentum, Dispersion, or Relative Value; evaluating complex and exotic derivatives payoffs, analyzing product risks, challenging trading decisions, and identifying stress scenarios and market sensitivities in basket options, varswaps, volswaps, autocalls, or cliquets; pricing and modeling risk metrics, P&L attributions, and stress simulations; Bloomberg terminal and its functions; coding in Jupyter notebook, MySQL, and Microsoft Visual Basic for financial reporting and risk analysis; presenting and justifying risk assessments, P&L, and positions to the Federal Reserve, Office of the Comptroller of the Currency (OCC), FINRA, or SEC; completing and explaining Comprehensive Capital Analysis and Review (CCAR) during a quarterly review; presenting to senior stakeholders, front office, and regulators.
Job Location: 383 Madison Avenue, New York, NY 10017.
Full-Time. Salary: $160,000 - $215,000 per year.
About Us
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
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.