Job Description
DESCRIPTION
Job Summary:
J.P. Morgan is seeking talented candidates for a Vice President level position in Legal Entity Market Risk team, based in Mumbai.
Market Risk is an independent risk group, overseen by the Corporate Investment Bank Chief Risk Officer, which measures, monitors and controls market risk. Within Market Risk department, Legal Entity Market Risk team focuses on market risk management across each individual legal entity.
Market risk management seeks to ensure that the firm's market risk profile is transparent to senior management, the Board of Directors and regulators. Legal Entity Market Risk coverage staff has regular dialogue with the trading desks and businesses with respect to risk appetite, risk limits and individual large and complex transactions. The group has teams aligned to each legal entities and region and works closely with the Front Office, CFOs, CROs and legal entity Finance and other support functions to ensure compliance to regulatory requirements and provide independent risk return assessments to support business growth.
As a Vice President in the Legal Entity Market Risk team, you will manage the interface and relationship with local regulators around Market Risks. This requires an understanding and interpretation of the local regulatory requirements and providing a consistent response to each of the individual regulators with whom we interact. For those entities, Legal Entity Market Risk is responsible for risk oversight and control of the legal entities, which involves the establishment of a cross line of business framework for the measurement and control of market risks at the legal entity level.
Job responsibilities:
Provide leadership on India Legal Entity Market Risk strategy
Understand the Legal Entity requirements around Market Risk in India or APAC region.
Handle effectively Legal Entity onsite and offsite inspections/examination
Establish & ensure a robust risk governance framework.
Establish and monitor risk limits for the legal entity. Provide commentary and analysis as required.
Assist in limit escalations and monitor key control processes.
Monitor market risk positions – with the aim to identify material risks, concentrations and tail risks to ensure no surprise.
Conduct ad hoc risk scenario analysis for and respond to urgent requests from senior risk and trading management.
Understand the factors that drive the risk and P&L on the books, follow market movement/activities affecting positions, highlight and discuss risk changes and top risks.
Actively engage with location trading desk managers to remain current on risks, business activity, exposures, material trade approvals, limits and etc.
Participate in the location Risk Committee meetings to cover changes in and understanding of risk profiles and any market risk issue arising.
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 FRBT, VaR, stress, risk reporting and interact extensively with technology support teams relating to methodology and infrastructure changes and improvements.
Support the APAC legal entity team resiliency initiatives, which includes supporting the rest of the Asia Legal Entities in the regulatory deliverables and commitments
Participate and drive deep dive and risk analysis, including cross asset risks across the trading desks and businesses
Required qualifications, capabilities, and skills:
Minimum Bachelor’s degree
Strong knowledge of local financial markets and products, including derivatives.
Strong analytical skills and highly numerate. Sound understanding of quantitative concepts relating to risk sensitivity, P&L explain, VaR and stress testing.
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.
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, ****** 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.
Job Summary:
J.P. Morgan is seeking talented candidates for a Vice President level position in Legal Entity Market Risk team, based in Mumbai.
Market Risk is an independent risk group, overseen by the Corporate Investment Bank Chief Risk Officer, which measures, monitors and controls market risk. Within Market Risk department, Legal Entity Market Risk team focuses on market risk management across each individual legal entity.
Market risk management seeks to ensure that the firm's market risk profile is transparent to senior management, the Board of Directors and regulators. Legal Entity Market Risk coverage staff has regular dialogue with the trading desks and businesses with respect to risk appetite, risk limits and individual large and complex transactions. The group has teams aligned to each legal entities and region and works closely with the Front Office, CFOs, CROs and legal entity Finance and other support functions to ensure compliance to regulatory requirements and provide independent risk return assessments to support business growth.
As a Vice President in the Legal Entity Market Risk team, you will manage the interface and relationship with local regulators around Market Risks. This requires an understanding and interpretation of the local regulatory requirements and providing a consistent response to each of the individual regulators with whom we interact. For those entities, Legal Entity Market Risk is responsible for risk oversight and control of the legal entities, which involves the establishment of a cross line of business framework for the measurement and control of market risks at the legal entity level.
Job responsibilities:
Provide leadership on India Legal Entity Market Risk strategy
Understand the Legal Entity requirements around Market Risk in India or APAC region.
Handle effectively Legal Entity onsite and offsite inspections/examination
Establish & ensure a robust risk governance framework.
Establish and monitor risk limits for the legal entity. Provide commentary and analysis as required.
Assist in limit escalations and monitor key control processes.
Monitor market risk positions – with the aim to identify material risks, concentrations and tail risks to ensure no surprise.
Conduct ad hoc risk scenario analysis for and respond to urgent requests from senior risk and trading management.
Understand the factors that drive the risk and P&L on the books, follow market movement/activities affecting positions, highlight and discuss risk changes and top risks.
Actively engage with location trading desk managers to remain current on risks, business activity, exposures, material trade approvals, limits and etc.
Participate in the location Risk Committee meetings to cover changes in and understanding of risk profiles and any market risk issue arising.
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 FRBT, VaR, stress, risk reporting and interact extensively with technology support teams relating to methodology and infrastructure changes and improvements.
Support the APAC legal entity team resiliency initiatives, which includes supporting the rest of the Asia Legal Entities in the regulatory deliverables and commitments
Participate and drive deep dive and risk analysis, including cross asset risks across the trading desks and businesses
Required qualifications, capabilities, and skills:
Minimum Bachelor’s degree
Strong knowledge of local financial markets and products, including derivatives.
Strong analytical skills and highly numerate. Sound understanding of quantitative concepts relating to risk sensitivity, P&L explain, VaR and stress testing.
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.
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, ****** 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.
💡 Quick Summary
Seeking a career-building opportunity? The Legal Entity Market Risk - Vice President position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
