Market Risk Management - Securitized Products Group - Vice President - JPMorgan Chase
New York, NY
About the Job
Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center 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 RM&C is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As a Market Risk Vice President within the Securitized Products Group, you will lead a trading floor based team covering the Agency Residential mortgage-backed securities (RMBS), Asset-backed securities (ABS) Special Opportunities and Residential Structured Financing businesses. Our Commercial and Investment Bank (CIB) Market Risk Management team is an independent risk group, reporting to the firm's Chief Risk Officer, which identifies, measures, monitors and controls market risk. Our team forms the key interface for discussing risk issues with the trading desks but retains independent reporting lines through the Risk management chain.
Job Responsibilities
+ Manage coverage responsibility for Agency MBS, ABS Special Opportunities and Residential Structured Financing businesses
+ Engage in a dialogue with traders and desk heads around risk appetite, risk limits and individual large and complex transactions
+ Produce, analyze and monitor risk utilization and revenue performance; manage P&L
+ Provide clear briefings of current events/issues to line management and to wider MR colleagues
+ Perform ad-hoc analyses around the business (including notable new transactions) in order to assist management decision making
+ Highlight concentrated or concerning risk positions and work with business to ensure appropriate reporting, transparency and management
+ Validate and resolve limit excess issues
+ Partner with Credit, Finance, Valuation Control Group (VCG), Quantitative Research (QR), MGG and Middle Office as contact for all risk management issues
+ Define best practice Value at Risk and Stress Scenarios methodology
+ Work on regulatory driven market risk exercises
+ Conduct deep dive in areas of Risk
Required Qualifications, Capabilities and Skills
+ 5+ years of Market Risk or other risk management experience
+ Strong analytical & quantitative skills; competent in financial instruments PnL profile and risk sensitivities
+ Knowledge of securitized product, interest rate, credit or other fixed income markets
+ Experience with the securitized products markets preferred and in particular RMBS asset class
+ Strong in controls, project management and time management
+ Strong people management and interpersonal skills
+ Exceptional written and verbal communication skills
Preferred Qualifications, Capabilities and Skills
+ Knowledge or Python or other relevant coding skills
+ Experience with regulatory interaction and familiarity with regulatory rules pertaining to risk
JPMorgan Chase & Co., 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 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 is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary
New York, NY $123,500.00 - $216,000.00 / year
As a Market Risk Vice President within the Securitized Products Group, you will lead a trading floor based team covering the Agency Residential mortgage-backed securities (RMBS), Asset-backed securities (ABS) Special Opportunities and Residential Structured Financing businesses. Our Commercial and Investment Bank (CIB) Market Risk Management team is an independent risk group, reporting to the firm's Chief Risk Officer, which identifies, measures, monitors and controls market risk. Our team forms the key interface for discussing risk issues with the trading desks but retains independent reporting lines through the Risk management chain.
Job Responsibilities
+ Manage coverage responsibility for Agency MBS, ABS Special Opportunities and Residential Structured Financing businesses
+ Engage in a dialogue with traders and desk heads around risk appetite, risk limits and individual large and complex transactions
+ Produce, analyze and monitor risk utilization and revenue performance; manage P&L
+ Provide clear briefings of current events/issues to line management and to wider MR colleagues
+ Perform ad-hoc analyses around the business (including notable new transactions) in order to assist management decision making
+ Highlight concentrated or concerning risk positions and work with business to ensure appropriate reporting, transparency and management
+ Validate and resolve limit excess issues
+ Partner with Credit, Finance, Valuation Control Group (VCG), Quantitative Research (QR), MGG and Middle Office as contact for all risk management issues
+ Define best practice Value at Risk and Stress Scenarios methodology
+ Work on regulatory driven market risk exercises
+ Conduct deep dive in areas of Risk
Required Qualifications, Capabilities and Skills
+ 5+ years of Market Risk or other risk management experience
+ Strong analytical & quantitative skills; competent in financial instruments PnL profile and risk sensitivities
+ Knowledge of securitized product, interest rate, credit or other fixed income markets
+ Experience with the securitized products markets preferred and in particular RMBS asset class
+ Strong in controls, project management and time management
+ Strong people management and interpersonal skills
+ Exceptional written and verbal communication skills
Preferred Qualifications, Capabilities and Skills
+ Knowledge or Python or other relevant coding skills
+ Experience with regulatory interaction and familiarity with regulatory rules pertaining to risk
JPMorgan Chase & Co., 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 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 is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary
New York, NY $123,500.00 - $216,000.00 / year
Source : JPMorgan Chase
