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ED - Market Risk Management Lead

Mumbai, India | J.P. Morgan

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Risk Management
  • Experience:
    10-12 years
Job Description:
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Establish and manage governance around key review meetings

Develop key MIS & Executive Reporting and drive standardization across processes

Provide input and review financial and business management needs for India and global management (e.g. headcount, budget, recruitment, real estate)

Location Strategy and People Leadership

Develop and implement the India Market Risk strategy (including recruitment, retention, training, awareness, operating procedures, control frameworks)

Foster an environment of collaboration, information sharing, and discussion to breakdown silos, create synergies and share best practices across groups

Functional Responsibilities

Lead relevant market risk analyses for current Basel 2.5 and future Fundamental Review of the Trading Book (FRTB) rules for LOBs and across the risk profile of the firm.

Drive explanation of key market risk drivers (VaR, stress and risk sensitivity, FRTB capital, etc) with understanding & supporting commentary around position and market moves, trading strategy changes and FRTB rule or implementation changes

Drive partnership with Risk groups across businesses to develop new tools and metrics (e.g. making key risks and P&L drivers more transparent, refining current FRTB calculation capabilities, etc)

Drive partnership across teams to on-board new products & desks onto the FRTB strategic capital calculation frameowrk

Use knowledge and understanding of risk profiles to build and provide tactical support to management on significant risk drivers across portfolios

Participate in a wide range of on-going and new projects with Risk Management, Finance, Technology, Valuation, Quantitative Research, Model Review Group, Basel Groups.

Constantly focus on operating efficiently and improving processes while maintaining a strong control environment.

Daily management of processes to ensure functions are performed accurately and within required timeframes 

Essential skills, experience, and qualifications:

Significant relevant valuation control and/or market risk experience (10+ years)

· Strong knowledge and keen interest in financial markets and derivative products

Strong quantitative and analytical skills, with post graduate degree in mathematics or finance

Ability to establish new functions, associated processes and drive innovation

Ability to run and lead complex projects from design, implementation and delivery

Ability to work independently in highly demanding environments

Excellent partnership and team management skills, with ability to work closely with the various Risk and business/functional teams and provide a single interface locally

Good understanding of FRTB and relevant Market Risk regulatory environment

Strong organizational, control, project management, communication and negotiation skills

Python and/or VBA skills

Knowledge of P&L Explain and VaR and how to use and interpret sensitivity data.

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