JPMorgan Chase CIB – Market Risk Stress Testing Projects- VP in New York, New York

Market Risk Stress Testing – Projects (Vice President)

J.P. Morgan is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. Information about J.P. Morgan is available at .

Group Description

Market Risk is an independent risk group within Corporate Risk Management, which identifies, measures, monitors and controls market risk. Market risk management seeks to facilitate efficient risk/return decisions, reduce volatility in operating performance and ensure that the firm's market risk profile is transparent to senior management, the Board of Directors and regulators. Firmwide Market Risk works closely with the Market Risk teams aligned to each Line of Business as well as other partner teams (e.g., Credit Risk, Liquidity Risk, etc.).

The Firmwide Market Risk Stress Testing team is a part of Market Risk and manages Stress Testing for the trading positions of the Firm. Working in close coordination with Market Risk Coverage who is responsible for risk management for the different Lines of Businesses throughout the firm, the Stress team is responsible for:

  • Maintaining and improving the framework for stress testing, which includes defining shocks across asset classes and risk factors, defining macro scenarios, and analysing the results of the analysis versus imposed limits.

  • Responding to regulatory requests from Federal Reserve Bank (FRB), Office of the Comptroller of the Currency (OCC), Prudential Regulation Authority (PRA) and other Agencies. We are the point of contact for the Market Risk contribution to the Comprehensive Capital Analysis and Review (CCAR), Internal Capital Adequacy Assessment Process (ICAAP) and Risk Appetite of the Firm.

  • Understanding the assumptions made and the limitations of the methodology and improving the process, documentation and controls.

  • Managing the technology that serves as a central repository for stress testing that communicates with systems in each Line of Business.

  • Partnering on the above with teams across the Firm including other Risk functions, Controllers, Capital Management and Quantitative Research.

Job Description

The Firmwide Market Risk Stress Testing team within Market Risk is seeking a Vice President-level professional for projects role, based in New York. The role requires strong partnership with the Line of Business Market Risk coverage teams as well as corporate Risk, Finance and Technology teams in order to drive strategic projects from development to completion. It includes projects related to CCAR Trading and Counterparty scenario design; FRY-14 Schedule reporting and other strategic initiatives related to the market risk stress agenda.

Key Responsibilities

  • Provide vision and structure to project plans to the Market Risk trading desk aligned teams

  • Develop and maintain a process and documentation of the firm’s scenario design process for the CCAR market shock scenario.

  • Stay abreast of changes to both internal and regulatory defined stress testing implementation and ensure their compliance with rule requirements

  • Implement and oversee end-to-end controls of model usage in stress testing

  • Work closely with Technology, Corporate Risk and other partners to improve the transparency, governance and controls of the scenario design and other aspects of CCAR and Firmwide Market Risk stress.


  • Minimum Bachelor’s degree

  • Previous work experience in the financial industry, preferably in risk management

  • Familiarity with stress testing and capital planning strongly preferred

  • Strong project management skills; ability to gain consensus among staff and drive initiatives to completion effectively

  • Strong process and control mindset

  • Strong quantitative and analytical background with an understanding of risk management concepts (e.g., VaR and market risk stress; liquidity risk, structural interest rate risk, credit risk and operational risk management metrics) and statistical measures

  • Strong written and verbal communication skills and ability to clearly articulate complex concepts

  • Ability to multi-task, work well under pressure with commitment to deliver under tight deadlines

  • Demonstrated ability to partner effectively across different businesses, regions and functional areas in order to be an influential voice for Market Risk.

  • Strong Word and good Excel /Power Point / Pitch Pro skills

  • Ability to work independently

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.