Private Bank Capital Markets Credit Derivatives Portfolio Risk Specialist, USA-NY-New York City
Private Bank Capital Markets Credit Derivatives Portfolio Risk Specialist
Company:
JPMorgan
Location:
USA-NY-New York City
Compensation:
Competitve
Position Type:
Permanent
Employment type:
Full time
Updated:
20 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
