Market risk specialist job description

The Market Risk Basel Group is seeking an Associate-level professional in the MRBG Line-of-Business (LOB) team on Market Risk Regulatory Capital across asset classes including Equities, Credit, Securitized Products and Macro (Rates, FX, EM and Commodities). The individual will lead Strategic infrastructure and Data Science initiatives to modernize VaR and Capital production and oversight. The Associate will ensure that Basel 2.5 and the future regulatory framework, i.e. Fundamental Review of the Trading Book (FRTB), are properly implemented and maintained at the Firm and Legal Entity levels. The successful candidate will need to effectively partner across Market Risk Management, Market Risk Technology, Quantitative Research, Data Science partner groups and other functional teams to manage and implement strategic and tactical initiatives - leveraging the firm's robotics, machine learning and AI programs.
Job
Responsibilities


Oversight of Risk Management VaR and regulatory Market Risk Capital measures including VaR, Stressed VaR, Stress based capital and other modeled and standardized capital measures, including FRTB; Provide expertise and governance on the regulatory capital rules to Risk, Finance and Front Office business-aligned teams; Drive and support market risk capital data and infrastructure initiatives across partner teams in Market Risk, QR, Product Control, Technology, the Business and Data Science partner groups ; Implement and oversee end-to-end controls of the capital measures by partnering with key stakeholders; Support the implementation of FRTB.



Skillset/Experience Required


Strong quantitative and analytical skills; Excellent written and verbal communication skills; Ability to multi-task, work well under pressure with commitment to deliver under tight deadlines; Good project management skills; ability to gain consensus among staff and drive initiatives to completion effectively; Experience in one or more asset classes in a Market Risk or similar capacity a plus; Strong data science background a plus; Strong process and control mindset a plus; Bachelor's degree, Masters/MBA a plus.


JPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

Equal Opportunity Employer/Disability/Veterans

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.

Global Wealth Management Operations provides brokerage, investment and financial services to hundreds of thousands of individual investors. We apply our expertise in serving institutional clients to create new opportunities for people to achieve their personal financial goals. Morgan Stanley has one of the largest retail brokerage networks, with numerous worldwide representatives and retail locations. Our services are tailored to each client's investment objectives, risk tolerance, and financial needs. Products include mutual funds, stocks, bonds, and alternative investments where appropriate, as well as banking, mortgages, insurance and annuities.

The Clearance and Settlement Team member would be responsible for managing the day-to-day support of the trade lifecycle. This includes the supervision of clearance and settlements across various asset classes and trade matching platforms. The candidate would also be responsible for the supervision of suspense account reconciliation and balancing. This role entails heavy interaction with both internal and external financial advisors, the Core Settlements departments, MSWM trading desks, and external market centers and counterparties.
Role is Hybrid and will require in office attendance 3 days/week.#LI Hybrid.

- Bachelor's Degree
- A minimum of 2 years of financial services industry experience
- Series 7 or Series 99, or ability to obtain
- General knowledge of financial markets and investment products, specifically Trade Clearance and Settlements
- Excellent written and verbal communication skills
- Self-motivated with a high degree of attention to detail
- Ability to adapt in fast paced environment with focus on innovation and flexibility
- Efficient time management skills and ability to prioritize competing urgent tasks

**Job:** **Other*

**Title:** *Capital Markets & Core Processing Risk (Operations)*

**Location:** *Maryland-Baltimore*

Prime Brokerage Market Risk - (220001PG) Description Jefferies Group LLC, the largest independent, global, full-service investment banking and capital markets firm headquartered in the U.S. focused on serving clients for 60 years, is a leader in providing insight, expertise and execution to investors, companies and governments. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia. Jefferies Group LLC is a wholly owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.

As part of a global team the Risk Manager will have responsibility for risk oversight of the global Prime Brokerage and Delta One businesses.

The risk management team works directly with the business in partnership with Credit Risk, and is responsible for sanctioning decisions for material trades, setting risk appetite for each client, and assessing material concentrations.

Risk management both sets and monitors associated limits and is expected to be highly proactive to ensure that client activity is appropriately collateralized.

Additionally, the risk function is primarily responsible for driving ongoing development and enhancements to methodologies and MI associated with the business. This includes analytics, stress testing, margin/collateral, and reporting.
Responsibilities include:

Daily reporting signoff.
Daily review and evaluation of customer portfolio exposures.
Escalate existing and evolving risks as appropriate.
Help drive ongoing enhancement in margin, stress testing methodologies, and analytic capabilities.
Proactive communication within the team and with partners through informal channels as well scheduled meetings
Adherence to and implementation of our global risk framework.

Requirements:

3 year+ working in a function supporting Prime services, counterparty credit or equity / equity linked products.
STEM or Finance based degree.
Proven ability to assess quantitative and qualitative risks impacting financing, cash or derivatives businesses.
Existing understanding of margin process preferred as part of overall experience.
Strong working ability with SQL, Python.

Qualifications At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is an equal employment opportunity employer. We practice equal opportunity for all, and all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with qualified disabilities, as appropriate, under applicable law.

It is currently Jefferies' policy that in order to enter any Jefferies office or participate in any Jefferies or client event in person, all employees be fully vaccinated and with a booster against COVID-19, or if they are not fully vaccinated with a booster, then on the morning of each day, all employees must test negative for COVID-19. Your acceptance of an offer means that you will comply with this policy and any amendments. You will be advised by your manager of your anticipated schedule to be in the office.
Primary Location: US-New YorkJob: Risk ManagementOrganization: CorporateSchedule: Full-time Job Posting: Aug 2, 2022, 12:43:12 AM