Corporate & Investment Bank (CIB) Market Risk Management is an independent risk group, reporting to the firm’s Chief Risk Officer (CRO), which identifies, measures, monitors and controls the financial risks related to movements in market prices. The organization serves as the key interface for discussing risk appetite, limits and individual large or complex transactions with the trading desks.

The successful candidate will join the London Commodities Market Risk team supporting the trading business. Coverage will include

• Base and Precious Metals
• Agricultural commodities

Job Responsibilities

• Utilizing a wide variety of to monitor risk exposures and understand the factors that drive the profits and loss.
• Follow the global commodity markets, focusing on price movements and events affecting the trading portfolio.
• Identify threats, weaknesses and concentrations in the risk profile and pro-actively bring these to the attention of the trading business and the Market Risk management team.
• Develop a deep understanding of the wide-ranging suite of financial products traded by JP Morgan and the key risks associated with them.
• Collaborate with the Risk Reporting team to ensure processes are established to provide accurate risk reporting for the entity to support location governance and regulatory requirements.
• Assist in limit escalations and monitor key control processes.
• Perform scenario stress testing, Conduct ad-hoc and regular risk investigations as well deep dives into various risk themes, and communicate findings.
• Coordinate various groups on projects relating to VaR, stress, risk methodology and infrastructure enhancements.

Skills/Qualifications

• Good knowledge of financial markets (commodities specific knowledge preferred).
• Minimum 1 year of financial experience (risk management experience is preferred).
• Highly numerate (understanding of quantitative concepts relating to derivative risk sensitivity, P&L explain, VaR and stress testing is preferred)
• Proactive mentality. Drive to enhance the understanding of the risk portfolio and improve processes.
• Excellent written and spoken communication skills. Must be able to collaborate and converse with a wide variety of groups.
• Exceptional drive, creativity and interpersonal skills.
• Good project management skills and attention to detail.
• Strong academic background with a minimum Bachelor’s Degree. JPMorgan recruits from all academic disciplines.
• We’re a global company whose primary business language is English and so fluency in English is required.