Job Summary:
J.P. Morgan is seeking talented candidates for a Vice President level position in the Market Risk Coverage team, based in Mumbai.
As part of Risk Management, you are at the centre of keeping JPMorganChase 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 is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As a Vice President in the Market Risk Coverage team, you'll engage in regular dialogue with trading desks and businesses regarding risk appetite, risk limits, and individual large and complex transactions. Our group has teams aligned to each entity and region, working closely with the Front Office, CFOs, CROs, and entity Finance and other support functions to ensure compliance with regulatory requirements and provide independent risk-return assessments to support business growth.
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You'll manage the interface and relationship with local regulators around Market Risks, requiring an understanding and interpretation of local regulatory requirements and providing consistent responses to each of the individual regulators we interact with. Specifically for Mumbai Branch, you'll be responsible for market risk oversight and control, establishing a cross-line of business framework for the measurement and control of market risks at the entity level.
Job responsibilities:
- Perform daily monitoring and analysis of risk exposures, understanding factors driving profits and losses affecting the trading portfolio
- Engage actively with location trading desk managers to remain current on risks, business activity, exposures, material trade approvals, limits and etc.
- Establish and maintain a robust risk governance framework by setting and monitoring risk limits for the entity. Advise on trading limits and pre-trade approvals, offering analysis and commentary as needed. Support limit escalations and oversee key control processes.
- Conduct ad hoc risk scenario analysis for and respond to urgent requests from senior risk and trading management.
- Improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve risks, specific structure risks etc.
- Coordinate with FO, MO, Finance and Technology on projects relating to VaR, stress, FRTB, risk reporting and interact extensively with technology support teams relating to methodology and infrastructure changes and improvements.
- Understand the regulatory requirements around Market Risk in India or APAC region. Effectively handle regulatory onsite and offsite inspections/examination.
- Participate in the location Risk Committee meetings to cover changes in and understanding of risk profiles and any market risk issue arising.
- Support the APAC market risk team resiliency initiatives, which includes supporting the rest of the Asia Legal Entities in the regulatory deliverables and commitments
Required qualifications, capabilities, and skills:
- Minimum Bachelor's degree
- Strong knowledge of local financial markets and products, including derivatives.
- Familiar with Market Risk Management related to local regulations.
- Strong knowledge on risk control processes and governance.
- Excellent written and spoken communication skills; experienced in presenting to auditors and regulators.
- Deep sense of accountability and able to work independently with limited supervision.
- Work well under pressure with commitment to deliver under tight deadlines.
- Excellent interpersonal and influencing skills to drive cross functional initiatives and solve complex issues.
Preferred qualifications, capabilities, and skills:
- At least 5 years' experience in financial markets, previous trading or market risk management experience preferred.
- Strong analytical skills and highly numerate. Sound understanding of quantitative concepts relating to risk sensitivity, P&L explain, VaR and stress testing. Options knowledge is a plus.
- Prior managerial experience preferred
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 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.
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.