Market Risk Stress Associate

Job Description
Join our dynamic Firmwide Market Risk Stress team as an Associate in London, where you'll play a pivotal role in shaping the future of stress testing. This is a unique opportunity to contribute to a critical function that impacts the firm's risk management strategy and regulatory compliance. Be part of a team that values innovation, collaboration, and excellence.
As a Market Risk Stress Associate within the Firmwide Market Risk Stress team, you will be involved in various aspects of stress testing, with a particular emphasis on asset class stress testing methodology and strategic technology projects. You will have the opportunity to work alongside experts across the firm to improve our stress testing framework and ensure the implementation of robust risk management practices. This role provides an opportunity to significantly influence the firm's market risk profile and regulatory interactions.
Job responsibilities

• Own, develop, and maintain the Firmwide Market Risk stress testing methodology, including shock design and governance.
• Partner with asset class experts and Model Risk Governance and Review (MRGR) to manage the asset class FSI shock Qualitative Model (QM).
• Develop and oversee stress-related technology processes and controls, focusing on both BAU enhancements and strategic infrastructure.
• Drive data science and strategic infrastructure initiatives to modernize stress calculation, leveraging robotics, machine learning, and AI programs.
• Manage Trading Issuer Default Loss (IDL) submissions for internal and external regulatory exercises, performing impact analysis based on methodology and rules.
• Identify and mitigate operational risks, streamline processes, and enhance efficiency.
• Collaborate with internal and external control and audit teams to support effective risk management and audit processes.
• Assist in regulatory exams by analyzing, documenting, and presenting on Trading assets, coordinating with various teams.

Required qualifications, capabilities, and skills

• Bachelor's degree with experience in the financial industry.
• Strong quantitative and analytical skills with knowledge of financial markets and product valuation.
• Understanding of risk sensitivities and financial product valuation, including Option Greeks.
• Advanced skills in analyzing large datasets using Excel, Tableau, or similar software.
• Experience working with technology teams on risk system enhancements and infrastructure projects.
• Strong control and risk management mindset with a focus on process improvement.
• Proven project leadership, business writing, and communication skills.

Preferred qualifications, capabilities, and skills

• Experience across various asset classes.
• Familiarity with JPM risk systems.
• Experience in leading discussions across multiple stakeholder teams.

About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.