eFinancialCareers

• Company

  JPMorgan

• Location

  USA-NY-New York City

• Compensation

  Competitve

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  24 Nov 2009

• eFC Ref no

  564378

Please see the job description

090041322

Qualifications
Private Bank Capital Markets Credit Derivatives Portfolio Risk Specialist
Job Description:JPMorgan Private Bank is looking to fill a Derivative position in the Credit Operational Risk team.
The Derivatives Portfolio Risk Specialist is specifically focused on the creation and delivery of key derivative and trading risk reporting and analysis to Credit.
Short and long term analysis of various aspects of trading risk may also be involved at both the client and portfolio levels.
The scale and scope of both the analysis and reporting will expand as the Private Bank expands derivatives trading product offerings to the broader Wealth Management teams (e.g. Private Wealth Management and Bear Stearns PCS clients)
Key Responsibilities:

Create derivatives and trading risk reporting using Credit Risk Infrastructure tools
Produce 14 Day VaR Analyses of derivatives portfolio vs. collateral held; review for trends and present to Credit weekly
Develop expertise with key Investment Bank models including Marginal Pricer
Create and operate process for auditing Credit approved one-off collateral requirements vs. collateral monitoring system
Create and operate process for assessing impact of Lending Value Committee changes to derivatives trading client portfolios
Create and operate process for analyzing counterparty sector risk concentration(e.g. by country of incorporation, by type of institution, or by NAICs)
Prepare and analyze derivatives limit statistics for weekly Credit Executive meetings
Research and remediate client-specific derivatives limit breaches
Identify and remediate thematic or systemic issues associated with derivatives trading limit breaches
Serve as center of excellence for credit operations issues related to derivatives and securities trading from on- boarding to margin calls for existing trades
Represent operational and collateral credit risks at New Product Approval meetings
Partner with other Shared Services Teams on key credit initiatives e.g. delivery of Private Bank collateral data into SELM; implementation and standardization of derivatives collateral requirements globally; development of database of key credit terms in ISDAs
Understand trading documentation terms and impact on exposure and collateral calculations