JP Morgan Chase & Co.

CIB Risk [Multiple Positions Available]

JP Morgan Chase & Co.$160K — $238K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in Financial Engineering, Mathematics, Statistics, Finance, Economics, or related field.
  • 3+ years of experience in financial risk or related occupations.
  • Experience in developing statistical simulation models for market risk management.
  • Proficient in Python and data analysis tools for handling large datasets.
  • Understanding of regulatory rules concerning trading book portfolios.

Responsibilities

  • Design methodology for forward simulation of risk factors in trading books.
  • Develop and implement scripts for testing simulation models.
  • Specify and manage requirements for risk measurement solutions.
  • Monitor performance of simulation models using regulatory metrics.
  • Provide quantitative support and interpretation of simulation results to stakeholders.
  • Identify and remediate model risk issues in simulation processes.
  • Collaborate with risk teams to ensure compliance with regulatory guidelines.

Benefits

  • Comprehensive medical, dental, and vision insurance.
  • Retirement savings plans with company match.
  • Generous paid time off and holiday pay.
  • Professional development opportunities and training.
  • Flexible working arrangements and work-life balance initiatives.
Full Job Description
Job Description

DESCRIPTION:

Duties: Design methodology for the forward simulation of risk factors in the firm's trading book for the calculation of Value at Risk (VaR) and Risk Not in VaR. Develop and implement prototype scripts to test simulation models. Specify requirements for developer and technology teams in the delivery of risk measurement solutions and manage their prioritizations. Monitor the performance of simulation models by devising and applying regulatory and internal model performance metrics, such as backtesting and other statistical tests, to ensure accuracy and compliance. Provide quantitative support to stakeholders, helping them interpret and understand the results generated by the simulation models. Assist in the remediation of model risk issues by identifying, analyzing, and resolving any deficiencies or inaccuracies in the simulation process. Continuously enhance the simulation models and expand risk coverage, including risks not currently captured in existing VaR models. Collaborate with model risk teams to ensure that simulation models adhere to regulatory guidelines and JPMorgan Chase's internal policies. Present proposed model changes to Model Risk Committees for ratification. Maintain an inventory of simulation models, including their tiering and classification to support model governance. Prepare documentation and testing results using internal templates, ensuring all model development and validation activities are recorded and auditable.

QUALIFICATIONS:

Minimum education and experience required: Master's degree in Financial Engineering, Mathematics, Statistics, Finance, Economics, or related field of study plus 3 years (36 months) of experience in the job offered or as CIB Risk, CIB MR, or related occupation.

Skills Required: This position requires experience with the following: Developing statistical simulation models for market risk management and calculating market risk measures including Value-at-Risk; Analyzing valuation models for securities and derivatives to perform profit-and-loss predictions and to explain portfolio risk metrics; Applying the theory of stochastic processes and financial time series analysis to design risk factor scenarios; Programming in Python and handling big datasets with tools for data analysis and visualization; Documenting statistical financial models; Advising internal counterparties on regulatory rules for the capitalization of trading book portfolios; Coordinating the delivery of technology solutions in financial risk modeling.

Job Location: 237 Park Ave, New York, NY, 10017.

Full-Time. Salary: $160,000 - $238,000 per year.

About the Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

Similar Jobs

More Jobs at JP Morgan Chase & Co.

More Finance & Insurance Jobs

Find similar CIB Risk [Multiple Positions Available] jobs: