JPMorgan Risk Associate Market 

India, Maharashtra, Mumbai 

419140628

Job Responsibilities

• Own, maintain and lead the improvement of the stress testing framework, which includes defining shocks across asset classes and risk factors, defining macro scenarios, and analyzing the results of the analysis versus imposed limits.
• Respond to regulatory requests from Federal Reserve Bank (FRB), Office of the Comptroller of the Currency (OCC), Prudential Regulation Authority (PRA) and other Agencies. We are the point of contact for the Market Risk contribution to the Comprehensive Capital Analysis and Review (CCAR) and Risk Appetite of the Firm.
• Understand the assumptions made and the limitations of the methodology and improving the process, documentation and controls.
• Manage the technology that serves as a central repository for stress testing that communicates with systems in each Line of Business. There is a continuous need to improve the infrastructure as stress testing evolves.
• Own, develop and maintain firmwide Market Risk stress testing methodology, including but not limited to shock design, documentation, governance and review.
• Own the asset class FSI shock Qualitative Model (QM) and relevant governance, partnering with asset class experts and Model Risk Governance and Review (MRGR)
• Develop, implement and oversee stress related technology process and controls, including both BAU enhancement and strategic infrastructure.
• Drive the Market Risk stress testing data science and strategic infrastructure initiatives to modernize stress calculation - partnering across teams in Market Risk Management, Quantitative Research, Technology, Product Management and Data Science groups - leveraging the firm’s robotics, machine learning and AI programs.
• Manage Trading Issuer Default Loss (IDL) submission for quarterly internal Risk Appetite and external regulatory exercises such as CCAR. Verify, analyze, and interpret Trading IDL calculation inputs and outputs, and perform impact analysis based on methodology and regulatory rules.
• Identify and mitigate operational risks and work towards streamlining and optimizing process efficiency, explain capabilities, and controls
• Collaborate closely with Internal / external control and audit teams to ensure effective risk management practices and support audit processes.

Required qualifications, capabilities, and skills

• Bachelor's degree with Minimum 4 years work experience in the financial industry
• Strong quantitative and analytical background with existing knowledge of financial markets and complex financial product valuation along with a deep understanding of trading strategies / exposures for one asset class; experience across various asset classes .
• Knowledge of risk sensitivities on financial products including Option Greeks and an understanding of financial product valuation and explanation
• Advanced skills in analyzing large datasets using Excel, Tableau or other software
• Prior experience of working with technology teams on risk system enhancements / infrastructure projects and performing user acceptance testing; experience with JPM risk systems.
• Strong control and risk management mindset while still driving process enhancement and improvements
• Proven strong project leadership skills, business writing skills and communication skills to drive initiatives to completion and lead discussions across multiple stakeholder teams