JPMorgan Chase Firmwide Market Risk Governance- Principal Risk – Associate in Brooklyn, New York
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Firmwide Principal Risk is an independent risk group within Corporate Risk Management, which identifies, measures, monitors and controls risk in principal investment activities across Line of Business (LOB). Principal Investments are financial commitments made using JPMC’s capital, typically representing an ownership or junior capital position, primarily private equity or tax equity. Principal Investments have unique risk due to their illiquidity, lack of market transparency, and their “first loss” or junior capital status. Firmwide Principal Risk team works closely with the Business and other functional groups to manage this unique risk portfolio, and ensures that it has the full scope of required risk management and oversight in order to comply with the second line of defense requirements.
Firmwide Principal Risk team is seeking an Associate, based in New York, to perform the risk management and governance function for the Firm’s principal investment portfolio, including but not limited to risk due diligence analysis, stress testing/CCAR, VaR, limits, material risk identification, and etc. T he role requires working closelywith the Business, LOB Risk Coverage teams and partner groups including RiskReporting, Middle Office, Technology, Risk Controllers, Quantitative Research,and other corporate functions for a variety of initiatives in Principal Risk Managementacross LOBs.
Work with the team onregular deliverables including VaR, Stress, CCAR, ICAAP and Risk Appetite
Develop, improve andmaintain methodology and User Tools to support risk analyses
Perform risk duediligence of portfolio/transaction onboarding to Principal Risk, and ensurerisks are understood, adequately captured and accurately reported in theinfrastructure
Work with theTechnology team to upgrade the Principal Risk IT platform, define businessrequirements and perform functionality test
Support the team headon regular risk governance responsibilities and ad hoc requests from the seniormanagement
Interface withvarious teams across the firm that support Principal Risk Management
Minimum Bachelor’sdegree; Master’s degree in Finance or other quantitative disciplines a plus
5+ years work experiencein risk management or related areas in the financial industry
Strong technicalskills and financial product knowledge, working experience in CCAR or MarketRisk a plus
Excellent written andverbal communications skills.Stronginterpersonal skills and project management skills
Ability to multi-task,and work independently with high attention to detail
Power user of MicrosoftExcel (including macros, VBA), Access, PowerPoint, financial data such asBloomberg, and etc.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.