At a Glance
- Tasks: Lead the implementation of market risk capital requirements and drive analytics for strategic decision-making.
- Company: Join JPMorgan Chase, a leader in financial services with a commitment to innovation.
- Benefits: Competitive salary, career growth opportunities, and a dynamic work environment.
- Other info: Collaborate with diverse teams and leverage AI to enhance risk analytics.
- Why this job: Make a real impact on financial resilience while advancing your expertise in market risk.
- Qualifications: Expertise in FRTB, strong analytical skills, and experience in financial regulations required.
The predicted salary is between 70100 - 100000 £ per year.
As part of the Risk Management and Compliance organization at JPMorgan Chase, you will play a leading role in safeguarding the firm's financial strength and resilience. Our team is dedicated to supporting responsible business growth by proactively identifying, assessing, and managing emerging risks. We foster a culture of innovation, challenging the status quo, and striving for excellence in everything we do.
The candidate will drive the core implementation and analytics related to the new FRTB market risk capital requirements and other related requirements such as SA CVA. FRTB represents a significant evolution in market risk capital rules, and this role will be central to the firm's strategic response.
You will serve as a subject matter expert on FRTB, contributing to the design, implementation, and analysis of capital components under both the Internal Models Approach (IMA) and Standardized Approach (SA). You will direct cross-functional partnerships with Quantitative Research, Market Risk Technology, Regulatory Capital Management, Model Risk, Business, Product Control, Capital Risk and Policy and other stakeholders to deliver robust framework, analytics and support regulatory submissions. Your work will help define the bank's strategy and ensure compliance with evolving regulatory standards. Additionally, you will represent the firm in industry working groups and regulatory meetings, advocating for best practices and staying at the forefront of market risk and capital regulation developments. You will also play a key role in advancing the firm's Artificial Intelligence, Automation and enterprise data strategy agenda, leveraging innovative technologies to enhance risk analytics and decision-making.
Job responsibilities
- Define and own the firm's end-to-end strategic roadmap across core FRTB implementation initiatives in the Internal Models Approach (IMA) and Standardized Approach (SA), partnering closely with Quantitative Research, Market Risk Technology, Market Risk Management, Model Risk, Regulatory Capital Management, Product Control, Capital Risk and Policy, and Business stakeholders.
- Lead market risk capital scenario analyses proposed and evolving regulatory rules across trading desks, products, and legal entities, ensuring robustness, transparency, and auditability.
- Partner with Product and Project Managers to manage, monitor deliverables to ensure effective communication with senior management on timeliness, risks, blockers.
- Design, develop, and own advanced Market Risk analytics capital estimation modules supporting regulatory capital submissions, senior management decision making, and supervisory reviews.
- Own and enhance capital calculation and attribution processes, including documentation, controls, and governance, in line with regulatory expectations.
- Grow subject matter expertise to interpret regulatory and business requirements in partnership with market risk stakeholders, ensuring accurate scoping, prioritization, and delivery of business requirements.
- Develop and maintain a strong foundation in market risk concepts across all asset classes.
- Support the production, analysis, and explanation of capital results required for regulatory submissions and internal management reporting.
- Play a key role in advancing the risk organizations adoption of Artificial Intelligence (AI), Large Language Model (LLM) and Data Product solutions to enhance market risk analytics, automation, and strategic decision-making.
Required qualifications, capabilities, and skills
- Subject matter expertise in FRTB across both Internal Models Approach and Standardized Approach.
- Knowledge of quantitative finance, trading strategies, and/or financial regulations, particularly Basel III / FRTB.
- Solid understanding of market risk concepts and their application across a broad range of asset classes and financial products.
- Strong quantitative, analytical, and problem-solving abilities, with a demonstrated aptitude for tackling complex challenges.
- Outstanding communication skills, both verbal and written, with the ability to clearly convey complex concepts to diverse audiences.
- Experienced in delivering complex technical and analytical projects from inception to completion, ensuring high-quality outcomes and alignment with business objectives.
- Excellent leadership, analytical, and influencing skills, with the ability to support key business decisions through solution-oriented and proactive approaches.
- Proven process and control mindset; highly self-motivated, detail-oriented, and innovative, with the initiative to drive issues to resolution—often under tight deadlines.
- Strong stakeholder management and relationship-building skills; able to collaborate effectively across multiple teams and deliver high-quality results under pressure.
- Demonstrated experience in gathering, reviewing, and translating end-user requirements into clear user, functional, and non-functional specifications for development teams.
- Advanced degree (Master's, B.Tech, or equivalent) in Mathematics, Engineering, Economics, Computer Science, or a related field, with over 7 years of experience in Market Risk Capital, Market Risk Coverage, Valuation Control, or similar functions.
Preferred qualifications, capabilities, and skills
- Subject matter expertise in market risk capital frameworks across internal and standardized approaches.
- Knowledge of quantitative finance, trading strategies, and financial regulations.
- Experience delivering complex analytical or regulatory projects independently with senior stakeholder exposure.
- Experience applying artificial intelligence, language models, or advanced analytics techniques to enhance risk processes.
Market Risk Fundamental Review of the Trading Book – Implementation & Analytics – Vice President employer: J.P. Morgan
At JPMorgan Chase, we pride ourselves on being an exceptional employer, offering a dynamic work culture that champions innovation and excellence. Our commitment to employee growth is evident through comprehensive training programmes and opportunities to engage with cutting-edge technologies in the financial sector. Located in a vibrant city, our team thrives on collaboration and diversity, making it an ideal environment for professionals seeking meaningful and impactful careers in risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Market Risk Fundamental Review of the Trading Book – Implementation & Analytics – Vice President
✨Tap into Campus Networks
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We think you need these skills to ace Market Risk Fundamental Review of the Trading Book – Implementation & Analytics – Vice President
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to J.P. Morgan.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on J.P. Morgan's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at J.P. Morgan
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with J.P. Morgan.
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Since this is a full-time position, employers at J.P. Morgan will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former J.P. Morgan employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
