Market Risk Time Series Management – Analyst

Mumbai, Maharashtra
Permanent
Full-time

2 months ago

Job Category: AnalystsJob Description:This is a position in the Market Risk Time Series Management team in Mumbai. Market Risk Time Series Management team oversees the end-to-end process for time series data quality controls under the Data Quality Program (DQP). Our mission is to ensure the integrity of market data-including both historical price time series used by the firm's Value at Risk (VaR) model in Market Risk, and Average Daily Traded Volume (ADTV) used in our internal Gross Market Concentration (GMC) risk and Strategic Stress liquidity calculations in Credit Risk. Accurate VaR results rely on historical time series data that truly reflects market movements and relationships across key factors. Likewise, reliable ADTV data is essential for GMC, a framework our Credit Officers use to approve trades and manage concentrated positions relative to the size of the traded market. The team works closely with internal stakeholders to ensure any data quality issue is remediated in a timely manner for accurate risk computation. We are also responsible for onboarding new market data which would enhance accuracy of risk calculation and risk management.Job Responsibilities

Analyze and verify market data used for risk calculations such as VaR, concentration risk and liquidity add-on across various asset classes;
Identify spurious data like spikes and gaps, and liaise with stakeholders for remedial action;
Interpret data, analyze results, and summarize complex data into understandable and actionable insights for decision-makers;
Work with Market Risk Coverage, QR product specialist, Credit Risk QR, and Technology teams to investigate data quality issues and ensure the operational control of the process;
Provide update and report time series data quality issues in the weekly VaR Working Group;
Provide recommendation for future best practice controls;
Onboard new market data to enhance risk capturing for accurate risk measurement;
Assist in various audit activities to ensure adherence to internal controls and compliance with regulatory bodies;
Partner with analytics team to provide requirements for various data sourcing and remediation projects, ensuring execution aligns with expectations;

Required qualifications, capabilities, and skills

Bachelor's or master's degree in Finance, Math, STEM or relevant fields;
Knowledge of market risk concepts and various financial products across asset classes;
Experience with performing statistical analysis on large and unstructured datasets;
Proficiency in Microsoft Excel, using advanced formulas, pivot tables, etc.;
A robust control mindset to identify gaps in data production and data control processes;
Ability to think critically and solve problem independently in a deadline oriented environment;
Ability to multitask and work under pressure with keen attention to detail;
Excellent verbal/written communication and presentation skills;
Proficiency in both technical and procedural documentation;
Enthusiasm for knowledge sharing and ability to collaborate effectively.

Preferred qualifications, capabilities, and skills

Prior experience of market data analysis;
Ability to understand business processes and their risk implications, analyze complex situations, reach appropriate conclusions, and make feasible recommendations;
Excellent interpersonal skills with an ability to develop effective and credible relationships;
Experience with Python, in particular Pandas and Numpy, for data analysis;
Qualifications like CFA/FRM are an added advantage.

About Us:JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.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 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.

JPMorgan Chase

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