CTC Risk (Market Risk)

Job Description

DescriptionChief Investment Office , Treasury and Corporate (CTC) Risk manages the risk of the retained portfolio generated from the Chief Investment Office (CIO), Global Treasury, and other Corporate businesses (Firm-wide Pension Plan, Insurance programs, and Mortgage Servicing Rights).The CIO manages the firms structural interest rate and foreign exchange risks, and conservatively invests the firm s excess deposits. Interest rate risk is managed primarily via investment securities and interest rate derivatives as tools to manage the firms asset liability mismatch. The firm s non-USD foreign exchange risk is managed through specifically defined hedging mandates. The CIO also manages the JP Morgan Retirement Plan and hedges the firms Mortgage Servicing Rights.Treasury manages the firm s capital, balance sheet, liquidity and funding strategy and positions, including short dated and secured funding, debt and capital issuance and buybacks, and liquidity risk management, as well as the company s rating agency relationships and corporate insurance activities.The CTC Chief Risk Officer (CRO) reports to the Firmwide CRO and is responsible for the end to end risk framework for the CTC line of business; including, but not limited to, Market Risk, Credit Risk, Liquidity Risk, Interest Rate Risk, Operational Risk, Pensions and BOLI COLI, Country Risk, Principal Risk, and Model Risk.CTC Risk is also responsible for Firmwide Liquidity Risk and Interest Rate Risk Management.Function DescriptionCTC seeks to hire a risk professional to join its Market Risk function. The position offers the opportunity to participate in all risk related matters (including monitoring and forecasting).Working in Risk Management will give the successful candidate an opportunity to work alongside professionals across all levels and regions with commensurate exposure to senior portfolio managers in an area of the Firm that covers the spectrum of asset classes and financial products. It is an ideal location in the Firm to obtain broad perspective of Firmwide risk management decisions. The position also offers opportunities for significant visibility to senior management.QualificationsEducation/QualificationsAn excellent academic record and an undergraduate degree are required. Advanced degree in finance or a related quantitative field; MBA from a top tier school or professional qualification in (CFA/Accountancy) is desirable.Candidate requirements

• Strong analytical and critical thinking skills, as well as a high level of self-initiative required, including an ability to balance and execute multiple projects at once and deliver results under tight time constraints
• Understanding of the governance and controls surrounding risk monitoring including, VaR, stress testing, various return measures and experience with stress construction
• Understanding of fixed income/securitization markets and FX(Bonds, swaps, MBS, FX Fwds, FX swaps etc)
• Excellent oral and written communication skills
• Demonstrated ability to work effectively and independently across different businesses and functional areas
• Ability to work under pressure
• Strong critical thinking skills, with thorough attention to detail
• Strong technical skills in Excel/Access/VBA/Bloomberg

Specific responsibilities

• Daily reporting and monitoring of market risk positions - with the aim to identify material risk exposures and concentrations. Conduct ad hoc risk analysis, develop improvements of daily risk reports, and VaR and Stress analysis tools
• 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
• Keep track of market developments/moves vis- -vis business risks
• Improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve risks, specific structure risks etc
• Represent Market risk in various related initiatives and ensure that the projects are delivered in a timely manner

,

Keyskills :
interest rate derivativesfx swapscredit riskmarket riskbalance sheetrisk analysisliquidity riskstress testingrisk managementstress analysisrisk monitoringthinking skills