Job Description
Join the dynamic team at J.P. Morgan Wealth Management (WM), a line of business within Community Consumer Banking, dedicated to helping investors achieve their long-term financial goals.
Our mission is to protect the Online Investing business by being a trusted advisor, driving innovative solutions to complex business challenges, and maintaining a relentless focus on risk and controls. As a Vice President of Risk Strategy & Execution in Online Investing Exposure Management at J.P. Morgan Wealth Management, you will play a crucial role in ensuring that our financial risk controls are adequately defined.
By leveraging your skills in quantitative modeling, market surveillance, financial analysis and credit & market risk management, you will help support and define our financial risk strategy to minimize our business' exposure to unexpected losses arising from market volatility. You will also be required to develop and maintain relationships across the bank's risk management ecosystem to leverage our firm's world-class expertise. This role provides an excellent opportunity to apply your strong quantitative modeling, market research, and risk management skills in a dynamic and evolving environment.
Job Responsibilities
Monitor intraday market volatility across sectors and asset classes and become an expert on global market dynamics, risk scenario construction and interpretation, forecast market regime changes and other volatility catalysts.
Produce risk analytics, reporting, and analyze impact of events to market and credit risk exposures.
Present analyses and recommendations to senior stakeholders, including Chief Risk Officers, Wealth Management executives, and other decision-making forums.
Partner with Service and Operations to resolve any issue that exposes our business to market and credit risk and assist with intraday margin risk monitoring and support liquidation escalations.
Support the daily calibration of margin requirements to ensure Online Investing's margin requirements are adequately set.
Partner with cross lines of business to review, assess, and recommend Wealth Management-wide Margin Requirement changes as well as to ensure stress testing complies with firm standards and supports the Line of Business' risk tolerance.
Partner with QR, CRMA, WM Risk to review models, methodologies, and assumptions for margin requirements, stress testing, and other risk modeling activities. Partner with firmwide QR, CRMA, and Margin Product to enhance existing analytic tools and models including our Concentration Algorithm.
Expand risk management capabilities by creating new approaches tailored to Online Investing and influence their adoption.
Support senior risk and business leadership with designing control frameworks, document related guidelines & execute implementation with business partners.
Represent Online Investing for credit risk, and margin regulatory issues, exams and any audit or model risk related activities.
Develop and maintain documentation for core Online Investing models and risk processes while ensuring applicable issues and action plans are on track for completion.
Required qualifications, capabilities, and skills
Undergraduate degree required
6+ years in an analytical, technical, trading, or research-oriented role in capital markets
Broad financial product knowledge required
Lead the market risk function for the Online Investing front-office, including limit monitoring, and limit calibrations.
Lead data research projects to design new architectures to unlock new information and reporting and metric design to create new information capabilities.
Practical knowledge of Python and associated data analytics packages (preferably in a professional environment)
Understand regulatory requirements pertaining to margin lending, options trading, and retail brokerage.
Practical knowledge of Tableau or other Business Intelligence (BI) / Data Visualization Tools, and Microsoft office suite (Excel/PowerPoint/Word)
Practical knowledge of Bloomberg and/or FactSet Workstation
Excellent communication and interpersonal skills; Demonstrated mastery communicating technical capital markets concepts to a non-technical audience
Good team player, and strong sense of ownership
Preferred qualifications, capabilities, and skills
Series 7 Licensing preferred
Academic concentrations in technical disciplines preferred
Graduate degree, or professional designations a plus (e.g. CFA, FRM, CQF, etc.)
Academic background in, or professional experience with, financial mathematics, quantitative risk methodologies, and/or data science
Professional experience in credit risk management, market risk management, derivatives, or hedging strategies a plus
Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary
New York,NY $123,500.00 - $200,000.00 / year