Market Risk Governance Lead [Multiple Positions Available]

Job Description
DESCRIPTION:
Duties: Drive implementation of FRTB (Fundamental Review of the Trading Book) Basel III endgame Market Risk Capital requirements for the Global Equities business. Partner with and influence senior stakeholders across Market Risk, Quantitative Research, Product Control, and technology to deliver joint initiatives and ensure the timely and accurate signoff of VaR and Capital numbers for the Global Equities business. Provide functional oversight of the North American based team members in the Market Risk VaR and Capital Global Equities team, taking responsibility for team deliverables, training and outcomes. Lead technology and data strategy for the MRBG LOB team, and co-ordinate tech prioritization and data strategy for the MRBG LOB team and mentor and direct junior coders within the team to ensure consistency and quality of the solutions delivered. Provide expertise and governance on the regulatory capital rules for Risk, Finance and Front Office business- aligned teams. Drive and support market risk capital data and infrastructure initiatives across partner teams in Market Risk, QR, Product Control, Technology, the Business and Data Science partner groups. Implement and oversee end-to-end controls of the capital measures by partnering with key stakeholders. Support the implementation of FRTB for the Global Equities business.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Financial Engineering, Finance, or related field of study plus 3 years of experience in the job offered or as Market Risk Governance Lead, Market Risk Associate, or related occupation. The employer will alternatively accept a Bachelor's degree in Financial Engineering, Finance, or related field of study plus 5 years of experience in the job offered or as Market Risk Governance Lead, Market Risk Associate, or related occupation.
Skills Required: This position requires three (3) years of experience with the following: U.S. banking regulations for Market Risk Capital under Basel 2.5 and draft Basel III (FRTB) frameworks; Pricing, valuation, risk sensitivities, including Greeks and P&L simulation, of Equities and Macro financial instruments and derivatives using statistical models and methodologies including Black-Scholes and stochastic pricing models, time series analysis and visualization, regression based models such as linear or logistic, binomial pricing models, bootstrapping techniques and decision trees; Working with probability theory, Value at Risk models, and option pricing theory; Quantitative models for pricing and hedging derivatives, Monte Carlo simulation, backtesting and modelling of idiosyncratic risk; Forecasting probability distributions of market factors; Handling datasets, automation of processes and visualization of data driven insights using Python, Tableau and Excel; Data science models including NumPy, SciPy and Pandas; Building tools and dashboard for data visualization of datasets; Writing internal policies and procedures for reviewing VaR and Market Risk capital measures subject to internal audit and external regulatory review.
Job Location: 237 Park Avenue, New York, NY 10017.
Full-Time. Salary: $165,000 - $238,000 per year.
About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, 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.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.