Cib Risk - Market Risk Coverage - Latam Credit Trading - Associate
Experience : 0 Description : CIB Risk - Market Risk Coverage - Latam Credit Trading - Associate - 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 http://www.jpmorganchase.com/ . Group description CIB Market Risk Management is an independent risk group, reporting to the firm's Chief Risk Officer (CRO), which identifies, measures, monitors and controls market risk. The group forms the key interface for discussing risk issues with the trading desks but retains independent reporting lines through the Risk management chain. CIB Market Risk performs the following primary functions: + Independent ongoing identification, monitoring and control of business unit market risk + Performance of stress testing and qualitative risk assessments + Analysis of aggregated risks and tail risk exposure + Facilitation of efficient risk-return decisions + Regular dialogue with the trading businesses with respect to risk appetite, risk limits and individual large and complex transactions. Job Description CIB Risk is seeking an Associate in CIB Market Risk Team covering Credit Trading, based in NY. The role will be part of a trading floor based team covering the Emerging Markets as part of the Global Trading Credit business. Responsibilities include, but are not limited to: + Daily reporting and monitoring of market risk positions and limits - with the aim to identify material risk exposures and concentrations. Due diligence and attention to detail is critical. + Monitor risk exposures, 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 + Perform pre-trade review of major transactions + Conduct ad hoc risk analysis, develop improvements of daily risk reports, and VaR and Stress analysis tool. + Improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve risks, forward default risks, etc. + Coordinate and work with trading, business management, Valuation Control Group, Quantitative Research, Structuring, Model Governance Group, and Regulatory Risk on projects relating to Market Risk. + Perform Scenario analysis and stress testing. + Supporting other projects adhering to regulatory and internal control deliverables and guidelines. + Respond to urgent ad-hoc requests from senior management Skills/Qualifications: + Minimum Bachelors degree; 1 to 3 years financial industry working experience is required.