Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead strategic projects in market risk management and enhance stress testing frameworks.
- Company: Join a dynamic team focused on innovative risk management solutions.
- Benefits: Opportunity to make a significant impact and collaborate with industry experts.
- Why this job: Shape the future of market risk while driving innovation and efficiency.
- Qualifications: Bachelor's degree and significant financial industry experience required.
- Other info: Ideal for those with strong analytical skills and a passion for risk management.
The predicted salary is between 72000 - 108000 £ per year.
Join our dynamic team at Firmwide Market Risk, where you will play a pivotal role in shaping the future of market risk management. You will have the opportunity to lead strategic projects that enhance our stress testing framework, ensuring transparency and efficiency in risk management. This is your chance to make a significant impact on the firm’s risk profile and contribute to our mission of facilitating efficient risk/return decisions.
As a Risk Management – Market Risk Stress Test Lead – Vice President in the Firmwide Market Risk team, you will be at the forefront of stress testing initiatives, focusing on asset class methodology and strategic technology development. You will collaborate with experts across various risk functions to drive innovation and improve our stress testing infrastructure. Your work will be crucial in maintaining the firm’s market risk transparency to senior management, the Board of Directors, and regulators.
Job responsibilities
- Own, develop, and maintain Firmwide Market Risk stress testing methodology, including shock design, documentation, governance, and review.
- Lead 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 processes and controls, including both BAU enhancements and strategic infrastructure.
- Drive data science and strategic infrastructure initiatives to modernize stress calculation, partnering with Market Risk Management, Quantitative Research, Technology, Product Management, and Data Science groups.
- Manage Trading Issuer Default Loss (IDL) submission for quarterly internal Risk Appetite and external regulatory exercises such as CCAR.
- Identify and mitigate operational risks, streamline processes, and optimize efficiency.
- Collaborate with internal and external control and audit teams to ensure effective risk management practices.
- Assist in analysis, documentation, and presentations for regulatory exams covering all trading assets.
- Coordinate with line of business-aligned Market Risk teams and partner groups, including Model Review, Risk Reporting, and Regulatory Capital Management Office.
Required qualifications, capabilities, and skills
- Bachelor’s degree.
- Significant work experience in the financial industry.
- Strong quantitative and analytical background with knowledge of financial markets and complex financial product valuation.
- Understanding of trading strategies/exposures for one asset class;
- Knowledge of risk sensitivities on financial products, including Option Greeks.
- Advanced skills in analyzing large datasets using Excel, Tableau, or other software.
- Experience working with technology teams on risk system enhancements/infrastructure projects.
- Strong control and risk management mindset with a focus on process enhancement and improvements.
- Proven project leadership skills, business writing skills, and communication skills to drive initiatives to completion.
#J-18808-Ljbffr
Risk Management - Market Risk Stress Test Lead - Vice President employer: JPMorgan Chase
Contact Detail:
JPMorgan Chase Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Management - Market Risk Stress Test Lead - Vice President
✨Tip Number 1
Familiarize yourself with the latest trends in market risk management and stress testing methodologies. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the financial industry, especially those who work in risk management. Attend industry conferences or webinars to connect with potential colleagues and learn about their experiences.
✨Tip Number 3
Showcase your quantitative and analytical skills by discussing relevant projects or experiences where you've successfully analyzed large datasets or improved risk management processes. Be prepared to provide specific examples.
✨Tip Number 4
Research our company’s recent initiatives in market risk and stress testing. Understanding our strategic goals will help you align your answers during the interview and demonstrate your genuine interest in contributing to our mission.
We think you need these skills to ace Risk Management - Market Risk Stress Test Lead - Vice President
Some tips for your application 🫡
Understand the Role: Before you start writing your application, make sure you fully understand the responsibilities and qualifications required for the Risk Management - Market Risk Stress Test Lead position. Tailor your application to highlight how your experience aligns with these specific requirements.
Highlight Relevant Experience: In your CV and cover letter, emphasize your significant work experience in the financial industry, particularly any roles that involved quantitative analysis, risk management, or stress testing. Use specific examples to demonstrate your expertise in these areas.
Showcase Analytical Skills: Given the emphasis on strong quantitative and analytical skills, be sure to include any relevant projects or experiences where you analyzed large datasets or worked with financial product valuation. Mention any tools you used, such as Excel or Tableau, to strengthen your application.
Communicate Effectively: Your application should reflect strong business writing and communication skills. Make sure your cover letter is clear, concise, and free of jargon. Use it to convey your passion for risk management and your ability to lead strategic initiatives effectively.
How to prepare for a job interview at JPMorgan Chase
✨Showcase Your Quantitative Skills
Make sure to highlight your strong quantitative and analytical background during the interview. Be prepared to discuss specific examples of how you've applied these skills in previous roles, especially in relation to financial markets and complex product valuation.
✨Demonstrate Your Knowledge of Stress Testing
Since this role focuses on stress testing methodology, familiarize yourself with current practices and innovations in this area. Be ready to discuss how you would enhance the stress testing framework and any relevant experiences you have leading similar initiatives.
✨Prepare for Technical Questions
Expect technical questions related to risk sensitivities and trading strategies. Brush up on your knowledge of Option Greeks and be prepared to explain how they apply to different asset classes. This will demonstrate your expertise and readiness for the role.
✨Highlight Collaboration Experience
This position requires collaboration with various teams, so be sure to share examples of how you've successfully worked with cross-functional teams in the past. Emphasize your communication skills and project leadership experience to show that you can drive initiatives to completion.
