JPMorgan Associate - Capital Risk Management 

India, Maharashtra, Mumbai 

246836366

As an Associate in Capital Risk Management within the CRM group, you will play a crucial role in the independent assessment, measurement, monitoring, and control of capital risk across the firm. You will have the opportunity to distill regulatory rules into key requirements, review Basel capital models, and liaise with various departments to perform assessments. This role will allow you to leverage your analytical skills, problem-solving abilities, and knowledge of risk management to ensure compliance with regulatory frameworks and produce reports for management. We encourage you to join us in this exciting and challenging role.

Job Responsibilities:

1. Distill regulatory rules and technical guidance into key requirements for use in assessments.
2. Review Basel capital models, evaluating the conceptual soundness of model specifications, reasonableness of assumptions, reliability of inputs, completeness of testing, robustness of numerical aspects, and suitability and comprehensiveness of performance metrics and risk measures.
3. Demonstrate experience in one or more of the core regulatory capital Pillar I frameworks: Retail Credit Risk, Wholesale Credit Risk, Counterparty Credit Risk, Market Risk, and Credit Valuation Adjustment (CVA).
4. Review model documentation and interview subject matter experts to understand and critically evaluate potential impacts of model limitations, parameter estimation errors, or deviations from model assumptions; compare model outputs with empirical evidence and/or outputs from model benchmarks.
5. Liaise with businesses, model developers, risk management, finance, technology, and operations to perform assessments.
6. Assess compliance with rule requirements and produce reports for management.
7. Leverage control management to secure commitment to the timely and complete resolution of the root causes of control issues.
8. Exhibit expertise in regulatory policies, particularly with respect to the Basel III final rule and upcoming Basel III Endgame rules, and capital processes.

Required Qualifications:

1. Proficiency in model review or model audit functions.
2. Demonstrated ability to implement Basel rule requirements.
3. Excellent analytical and problem-solving abilities.
4. Background in risk management with a basic understanding of risk drivers.
5. Competence in developing or reviewing at least one of the following models: Basel Capital models, risk models, SA-CCR, pricing models, or analytics.
6. Excellent communication skills, both written and oral.
7. Detail-oriented with the ability to work independently.
8. Strong capability to navigate complex financial systems and processes.

Preferred Qualifications:

1. Familiarity with technology and operations, either on the development side or the process control side.
2. Knowledge of the upcoming Basel III Endgame proposal.
3. Expertise in handling large data sets, empirical studies, data analysis, and statistics.
4. Experience in one or more of the following areas: capital policy, risk management, key data elements, project management, and audit.