CIB Risk - Market Risk Coverage - Credit Trading - VP - Hong Kong

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • J.P. Morgan
  • 20 May 19

CIB Risk - Market Risk Coverage - Credit Trading - VP - Hong Kong

PMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .

J.P. Morgan is a place for talented people from all backgrounds and perspectives because our clients come from all backgrounds and perspectives. We encourage a culture of inclusion, where everyone's opinion counts and all employees have the freedom to deliver their absolute best. This is why we work hard and invest in attracting and developing a diverse workforce. Learn more about our Business Resource Groups in how they help our employees build successful careers and reach their greatest potential.

CIB Market Risk Management is an independent risk group, reporting to the firm's Chief Risk Officer (CRO), which identifies, measures, monitors and controls market risk. The group forms the key interface for discussing risk issues with the trading desks but retains independent reporting lines through the Risk management chain.

CIB Market Risk performs the following primary functions:

• Independent ongoing identification, monitoring and control of business unit market risk
• Performance of stress testing and qualitative risk assessments
• Analysis of aggregated risks and tail risk exposure
• Facilitation of efficient risk-return decisions
• Regular dialogue with the trading businesses with respect to risk appetite, risk limits and individual large and complex transactions.
Job Description:
CIB Risk is seeking a VP candidate in Market Risk Team covering Asia Pacific Credit Trading, based in HK. The role will be part of a trading floor-based team covering the Global Credit Trading business.
Responsibilities include, but are not limited to:
• Lead and manage a team of 2 MR HK-based professionals to identify, monitor and analyze risk exposures in the Asia Credit Trading businesses, as well as to enhance controls and risk transparencies
• Monitor market risk positions and limits with the aim to identify material risk exposures and concentrations. Understand and highlight the factors that drive the risk and P&L on the books. Due diligence and attention to detail is critical.
• Perform pre-trade review of major transactions.
• Conduct ad hoc risk analysis, improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve risks, forward default risks, etc. Perform Scenario analysis and stress testing.
• Develop improvements of daily risk reports, VaR and Stress analysis tool.
• Coordinate and work with trading, business management, Valuation Control Group, Quantitative Research, Structuring, Model Governance Group, and Regulatory Risk on projects relating to Market Risk. Support other projects adhering to regulatory and internal control deliverables and guidelines.
• Interact with a wide range of stakeholders in Asia, London and NY.
• Respond to urgent ad-hoc requests from senior management.

Skills/Qualifications:

• Minimum Bachelors degree in Math, Finance, Economics or related fields. CFA and/or FRM certification is a plus.
• 5 years+ financial industry working experience is required; Market Risk or other risk management experience preferred. Credit/ Issuer risk experience is a plus.
• Knowledge of fixed income products required with understanding of financial statements ratios. Strong interest in market trend.
• Strong analytical skills; advanced understanding of concepts relating to risks, P&L explain, VaR and stress testing.
• Strong proficiency in Excel is required. Knowledge of VBA is preferred.
• Strong team player, self-motivated, diligent, strong sense of accountability and good at following up on issues. Strong project management skills, ability to gain consensus among staff and drive initiatives to completion effectively.
• Ability to work independently, as well as coordinate across a global team. Ability to multi-task, work well under pressure with commitment to deliver under tight deadlines.
• Strong written and oral communication skills. Must be able to converse with a wide variety of groups.

Career Development
Working in Risk Management will give the successful candidate the opportunity to work alongside senior traders and risk management professionals, in an area of the Firm that covers the spectrum of asset classes & financial products. It is an ideal location in the Firm to obtain broad perspective of and to influence Firm-wide risk management decisions.