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621 JPMorgan Chase & Co. Jobs
Risk Associate Market Risk
4-6 years
₹ 27.25 - 24L/yr (AmbitionBox estimate)
This is an estimate of the average salary range for this
position. It has not been reviewed by the company, and
the actual salary may differ.
Mumbai
1 vacancy
Risk Associate Market Risk
JPMorgan Chase & Co.
posted 4mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
As a Risk Associate Market Risk within Corporate Risk Management, reporting to the Firm s Chief Risk Officer, you will part of team which identifies, measures, monitors and controls market risk. Market risk management seeks to facilitate efficient risk / return decisions, reduce volatility in operating performance and ensure that the firms market risk profile is transparent to senior management, the Board of Directors and regulators. Firmwide Market Risk works closely with the Market Risk teams aligned to each Line of Business as well as other partner teams (e.g., Wholesale Credit Risk, Liquidity Risk, Country Risk, Investment Risk, etc.).The group is a part of Market Risk Management and manages Stress Testing for the Firm. Working in close coordination with all risk functions, including Market Risk Coverage across different Lines of Businesses throughout the firm and other functions such as Wholesale Credit Risk, Liquidity Risk, Country Risk and Investment Risk, the Stress team is responsible for:
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
- Bachelors 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
Employment Type: Full Time, Permanent
Read full job descriptionPrepare for Market Risk Associate roles with real interview advice
Top JPMorgan Chase & Co. Market Risk Associate Interview Questions
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What people at JPMorgan Chase & Co. are saying
Rating based on 2 Market Risk Associate
reviews
Anonymous · Risk Management & Compliance
in Mumbai
Likes
I like the culture at the bank and the supportive environment and facilities available for employees to have better work life balance.
- Salary - Excellent
+6 more
Dislikes
The pool of colleagues are from Tier1 college which has a good impact on your growth and learning as well as a negative impact on your promotion and appraisal.
Market Risk Associate salary at JPMorgan Chase & Co.
reported by
17
employees
with 2-6
years exp.
₹18
L/yr - ₹36.3
L/yr
13%
more
than the average Market Risk Associate Salary in India
View more details
What JPMorgan Chase & Co. employees are saying about work life
based on 6.4k employees
Flexible timing
Monday to Friday
No travel
Day Shift
JPMorgan Chase & Co. Benefits
Submitted by Company
Employee Programs Wellness Programs Health Care and Insurance Plans Family Care Retirement Savings Programs
Submitted by Employees
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JPMorgan Chase & Co. Mumbai Office Locations
Mumbai Office
Headquarter
JPMorgan Asset Management India Private Limited, J.P. Morgan Tower, Off. C.S.T. Road, Near Nafa Bus Stop, Kalina, Santacruz East
Mumbai
Maharashtra 400098
Maharashtra 400098
Mumbai Office
aradigm Towers-B Wing, Mindspace, Malad Goregaon Link Rd, Malad (W), Mumbai
Mumbai
400 064
400 064
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