At a Glance
- Tasks: Perform data quality checks and support risk management across the bank's operations.
- Company: Join JPMorgan Chase, a global leader in financial services.
- Benefits: Gain valuable experience, competitive salary, and opportunities for professional growth.
- Why this job: Make an impact in risk management while developing your analytical skills.
- Qualifications: Detail-oriented with strong organisational and analytical skills.
- Other info: Collaborative environment with diverse teams and excellent career advancement opportunities.
The predicted salary is between 36000 - 60000 £ per year.
Joining the Market Risk Middle Office means joining a global team, a team that takes pride in its role as part of the second line of defence for JPMorgan Chase. Analysts in the Market Risk Middle Office have ample opportunity to learn and develop, as the team supports a wide range of risks across all the Businesses the bank has to offer.
As Market Risk Middle Office Analyst with the Market Risk Middle Office team, you will be responsible for performing control checks to identify data quality issues within the firms Risk data. This is a key function as the risk data is then used to support investment decisions and, more importantly, submitted to the regulators. The team in Bournemouth supports data quality checks for VaR based measures including RegVaR and Stressed Var, as well as for other risk measures such as Default Exposure, Stress‑Testing and Volcker, as well as for the firms internal Capital Model.
The role requires someone with a meticulous eye for detail, strong organizational skills, an analytical mindset, and the willingness to apply it to large sets of data.
Job Responsibilities:- Perform daily data quality checks on VaR, Stress and other market risk measures within agreed controls.
- Identify drivers of changes in market risk measures and reach out to appropriate stakeholders to understand its validity.
- Remediate data quality issues in line with agreements with Product Controllers and/or MRBG.
- Research, resolve, and escalate Line of Business, Market Risk Management and Audit inquiries.
- Maintain daily procedure manuals, ensuring that all local regulatory requirements are met.
- Build effective partnerships with the Market Risk Coverage, Product Control, Market Risk Technology, Market Risk Basel Group, Market Risk Quantitative Research and Market Risk Reporting teams.
- Ensure that all processes are run in the most effective, efficient, and timely manner to meet all SLAs.
- Ability to understand business processes and their risk implications, analyse complex situations, reach appropriate conclusions, and make value-added and practical recommendations.
- Professional, self‑motivated, and adaptable person who can work effectively under pressure.
- Ability to work and solve problems independently, be able to work in a deadline‑oriented environment working with large amounts of data, and be able to dynamically prioritise workload.
- Excellent verbal and written communication skills, with the ability to create and present training materials.
- Excellent interpersonal skills: ability to develop effective credible relationships with the business and functional partners.
- Strong proficiency in Microsoft Excel is required, proficiency using other Microsoft products including PowerPoint, Word, and Outlook.
- Strong team player who can work well with colleagues of various levels and internal clients across regions.
- A reasonable understanding of VaR, Stress and other Market Risk measures.
- Familiarity with the concept of PnL's, and how they contribute to VaR.
- Experience with VBA or other coding languages.
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.
Market Risk Middle Office - Analyst in Bournemouth employer: J.P. Morgan
Contact Detail:
J.P. Morgan Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Middle Office - Analyst in Bournemouth
✨Tip Number 1
Network like a pro! Reach out to current or former employees at JPMorgan Chase on LinkedIn. Ask them about their experiences in the Market Risk Middle Office and any tips they might have for landing the role. Personal connections can give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of VaR and Stress measures. Be ready to discuss how you've tackled data quality issues in the past. We want to see your analytical mindset in action, so think of examples that showcase your attention to detail and problem-solving skills.
✨Tip Number 3
Practice your communication skills! You’ll need to explain complex concepts clearly, so try explaining market risk measures to a friend or family member. This will help you articulate your thoughts during the interview and show off your interpersonal skills.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining the team. Make sure to tailor your application to highlight your relevant skills and experiences.
We think you need these skills to ace Market Risk Middle Office - Analyst in Bournemouth
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Market Risk Middle Office Analyst role. Highlight your analytical skills, attention to detail, and any relevant experience with data quality checks or risk measures. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about market risk and how your skills align with the responsibilities outlined in the job description. Let us know what makes you the perfect fit for our team.
Showcase Your Skills: Don’t forget to mention your proficiency in Microsoft Excel and any coding languages you know, like VBA. These skills are crucial for the role, so make them stand out in your application. We love seeing candidates who can hit the ground running!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people. We can’t wait to see what you bring to the table!
How to prepare for a job interview at J.P. Morgan
✨Know Your Risk Measures
Make sure you brush up on your understanding of VaR, Stress Testing, and other market risk measures. Being able to discuss these concepts confidently will show that you're not just familiar with the terminology but can also apply it in a practical context.
✨Showcase Your Analytical Skills
Prepare examples from your past experiences where you've had to analyse complex data sets or resolve data quality issues. Highlighting your meticulous attention to detail and problem-solving abilities will resonate well with the interviewers.
✨Communicate Effectively
Practice articulating your thoughts clearly and concisely. Since the role involves liaising with various stakeholders, demonstrating strong verbal and written communication skills during the interview is crucial. Consider preparing a brief presentation on a relevant topic to showcase this skill.
✨Build Relationships
Emphasise your ability to develop effective partnerships with different teams. Share instances where you've successfully collaborated with others, as this role requires working closely with various departments. Showing that you can be a strong team player will set you apart.