Firmwide Market Risk – Market Risk Basel Governance – Intern

JP Morgan Chase is a global financial service firm that is a leader in investment banking, commercial banking, financial transaction processing, consumer banking, and asset management.

Firmwide Market Risk is an independent risk group reporting to the Firm’s CRO, which identifies, measures, monitors and controls market risk. Market risk management seeks to facilitate efficient risk/return decisions, reduce volatility in operating performance and ensure that the firm’s market risk profile is transparent to senior management, the Board of Directors and regulators. Firmwide Market Risk works closely with each Line of Business and other partner teams including Risk Reporting, Risk Policy, Regulatory Risk, Market Risk Middle Office, Business Middle Offices, Control & Oversight and Model Review to set Market Risk policy and a consistent framework for Market Risk across the firm, and to share best practices across LOBs.

The Market Risk Basel Group was newly formed in May 2014 with responsibility for developing and delivering the end-to-end governance operating model and framework for Basel 2.5 Market Risk Rule implementation in partnership with key stakeholder groups.

Job Description

The Market Risk Basel Group is seeking interns, based in New York, to support Asset Class leads and the development and build out of the end-to-end governance framework.

Job Responsibilities

Participation in quantitatively analysis on the liquidity framework for the range of vanilla to exotic and hybrid products as part of “covered position” identification requirements for the LOB.

Participation in analytical work related to new market risk capital framework (FRTB)

Help implement the LOB-specific end-to-end controls including interviewing various control functions to document current process flows and comparing against governing principals.

Assist the maintenance of the LOB-specific Trading and Hedging Strategy documents and develop an understanding of Market risk and product knowledge for the LOB. Skillset/Experience Required

Strong academic background in business, finance or science

Good knowledge of Excel, PowerPoint and Microsoft Word; knowledge of VBA, Matlab and programming language a plus

Strong problem solving skills

Highly motivated, self starter and takes ownership of assignments given

Excellent written and verbal communications skills

Attention to details

JP Morgan Chase & Co . is an Equal Opportunity and Affirmative Action Employer, M/F/Disabled/Veterans

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