Wealth Management, Derivatives Risk Management, Vice President

The Wealth Management division of JPMorgan Chase & Co.

is part of the Asset & Wealth Management business segment.

It has offered for over 200 years customized solutions and client service of the highest quality to solve the complex needs of wealthy individuals and their families around the world.

Job Summary

The Private Bank's global cross-asset OTC Derivatives and Structured Products business is a microcosm of the Investment Bank's Markets trading business, with several specialist trading sub-businesses and coverage for a diverse array of products include complex/exotic and bespoke offerings, meeting the needs of a broad private banking client base.

Supporting client derivatives trading and structured solutions activity it faces market risk and counterparty credit risk, alongside specific private banking client dynamics, such as esoteric margining & collateral scenarios and potential for wrong-way, concentrated or correlated risk positioning.

As a Derivatives Risk Management, Vice President (VP), you will lead first-line Derivatives risk management for the Private Bank's global cross-asset OTC Derivatives and Structured Products business.

The role is a first-line risk management position embedded in the business.

It provides business-aligned risk decision support, trade risk modelling/pricing, control, monitoring and escalation, and partners closely with independent risk and control functions.

The role strengthens the business' first-line risk capability and ensures robust engagement, mitigation and governance outcomes.

The role is expected to be hands-on (Risk modelling, analytics, triage, MI) as well as able to distil complex topics into insightful & impactful materials for senior stakeholders and governance forums.

Job responsibilities:


* Risk Roadmap Ownership: Define and drive the roadmap to refine the risk analytics tooling & metrics strategic platforms.


* Risk Tooling: Requires a hands-on approach to developing and supporting front office tools for modelling, pricing and analyzing various risks across the MR and CR domains; achieving trade & portfolio-level risk metrics for both the business, bank and our clients.


* Risk Platforms Transformation: Drive deeper integration with CIB risk platforms to leverage scale.

A change champion for the integration, scalability and availability of risk calculations and information delivery to the business and partner functions.


* Risk Frameworks & Governance: Enhance the market and credit risk frameworks for sophisticated controls in a growing, complex Derivatives business and risk portfolio.

Delivering Risk controls approaches, assessments & information MI/reporting/platforms to support senior decision makers.


* Strategic Partnership: Lead high-level relationships across the Private Bank stakeholders and CIB Markets & Risk teams.

You will align stakeholders across divisions, functions, and Tech to turn complex risk scenarios and differing user needs into integrated ris...