What are the responsibilities and job description for the Market Risk Middle Office – Analyst position at JPMorganChase?
Job Description
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. The Market Risk Middle Office is a global team serving as the second line of defence for JPMorgan Chase. Analysts gain broad exposure to risk across all business lines and have strong opportunities for learning and development.
As an Analyst in the Market Risk Middle Office team, you perform control checks to identify and resolve data quality issues in the firm’s risk data, supporting investment decisions and regulatory submissions. You work with us to cover risk measures such as Value at Risk, Default Exposure, Stress-Testing, and Volcker, while collaborating with stakeholders across the business. Together, we ensure the accuracy and integrity of market risk data and drive process improvements. You have the opportunity to develop your skills and make a meaningful impact in a global team.
Job Responsibilities
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
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. The Market Risk Middle Office is a global team serving as the second line of defence for JPMorgan Chase. Analysts gain broad exposure to risk across all business lines and have strong opportunities for learning and development.
As an Analyst in the Market Risk Middle Office team, you perform control checks to identify and resolve data quality issues in the firm’s risk data, supporting investment decisions and regulatory submissions. You work with us to cover risk measures such as Value at Risk, Default Exposure, Stress-Testing, and Volcker, while collaborating with stakeholders across the business. Together, we ensure the accuracy and integrity of market risk data and drive process improvements. You have the opportunity to develop your skills and make a meaningful impact in a global team.
Job Responsibilities
- Perform daily data quality checks on VaR, Stress, and other market risk measures.
- Identify and investigate drivers of changes in risk measures with stakeholders.
- Remediate data quality issues with Product Controllers and Market Risk Coverage.
- Research, resolve, and escalate inquiries from business, risk management, and audit.
- Maintain procedure manuals and ensure compliance with local regulations.
- Build partnerships with Market Risk, Product Control, Technology, Basel, Quantitative Research, and Reporting teams.
- Ensure processes meet SLAs efficiently and effectively.
- Strong understanding of business processes and risk, with analytical and problem-solving skills.
- Professional, self-motivated, and able to work under pressure and to deadlines.
- Able to prioritize workload and work independently with large data sets.
- Excellent verbal and written communication skills; able to create and deliver training.
- Strong interpersonal skills and ability to build relationships across teams.
- Proficiency in Microsoft Excel; familiarity with PowerPoint, Word, and Outlook.
- Team player, comfortable working with colleagues at all levels and across regions.
- Basic understanding of VaR, Stress, and other Market Risk measures.
- Familiarity with PnL concepts and their relation to VaR.
- Experience with VBA or other coding languages.
- This Analyst role offers excellent opportunities for personal and career growth in a dynamic area.
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
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.
Salary : $71,250 - $89,000