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ED - Market Risk Management Lead

Employer
JPMorgan Chase oamp Co
Location
Mumbai, IN
Salary
Competitive
Closing date
Oct 17, 2019

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Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
ED - Market Risk Management Lead Req 180123185 Location Mumbai, MH, IN Job Category Accounting/Finance/Audit/Risk Executive Director/Vice President Market Risk Management (Location Lead Mumbai) Group Description JP Morgan is a leading global financial services firm with assets of $2.4 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 www.jpmorganchase.com. Market Risk is an independent risk group within Risk Management, reporting to the Firms CRO, 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. Market Risk consists of Line of Business aligned team and central groups, and partners with key groups including Risk Reporting, Market Risk Middle Office, Business Middle Offices, Control Management and Model Review. Job Summary This role is for a newly created position within the Market Risk team, leading the India hub Market Risk activity. The role will be responsible for the build-out of the function and provide ongoing local leadership to the Market Risk functions in India, and will provide the senior-level interface to Management locally and the Market Risk Management team. The role reports locally to the Head of Risk & Compliance in India and functionally to Market Risk. Responsibilities Hub Governance & Administration Establish and manage governance around key review meetings Develop key MIS & Executive Reporting and drive standardization across processes Provide input and review financial and business management needs for India and global management (e.g. headcount, budget, recruitment, real estate) Location Strategy and People Leadership Develop and implement the India Market Risk strategy (including recruitment, retention, training, awareness, operating procedures, control frameworks) Foster an environment of collaboration, information sharing, and discussion to breakdown silos, create synergies and share best practices across groups Functional Responsibilities Lead relevant market risk analyses for current Basel 2.5 and future Fundamental Review of the Trading Book (FRTB) rules for LOBs and across the risk profile of the firm. Drive explanation of key market risk drivers (VaR, stress and risk sensitivity, FRTB capital, etc) with understanding & supporting commentary around position and market moves, trading strategy changes and FRTB rule or implementation changes Drive partnership with Risk groups across businesses to develop new tools and metrics (e.g. making key risks and P&L drivers more transparent, refining current FRTB calculation capabilities, etc) Drive partnership across teams to on-board new products & desks onto the FRTB strategic capital calculation frameowrk Use knowledge and understanding of risk profiles to build and provide tactical support to management on significant risk drivers across portfolios Participate in a wide range of on-going and new projects with Risk Management, Finance, Technology, Valuation, Quantitative Research, Model Review Group, Basel Groups. Constantly focus on operating efficiently and improving processes while maintaining a strong control environment. Daily management of processes to ensure functions are performed accurately and within required timeframes Essential skills, experience, and qualifications Significant relevant valuation control and/or market risk experience (10 years) Strong knowledge and keen interest in financial markets and derivative products Strong quantitative and analytical skills, with post graduate degree in mathematics or finance Ability to establish new functions, associated processes and drive innovation Ability to run and lead complex projects from design, implementation and delivery Ability to work independently in highly demanding environments Excellent partnership and team management skills, with ability to work closely with the various Risk and business/functional teams and provide a single interface locally Good understanding of FRTB and relevant Market Risk regulatory environment Strong organizational, control, project management, communication and negotiation skills Python and/or VBA skills Knowledge of P&L Explain and VaR and how to use and interpret sensitivity data.

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