Asset and Wealth Management-EMEA Asset Management- VP

Location:Greater London
Job Type:Full Time



JPMorgan Chase is one of the oldest financial institutions in the United States with a history dating back over 200 years. We are a leading global financial services firm with assets of $2.6 trillion operating in more than 60 countries. We have 240,000 employees serving millions of consumers, small businesses and many of the worlds most prominent corporate, institutional and government clients. We are a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. We have fiduciary assets under supervision and assets under management/custody of over $4.8 trillion combined and are one of the largest asset and wealth managers in the world.


Risk Management:


JPMorgan Chase’s firmwide Risk Management function operates independently of marketing and product groups within the lines of business The Chief Risk Officer (CRO) of the firm reports directly to the CEO and is accountable to the Board of Directors, primarily through the Directors Risk Policy Committee.


JPMorgan Chase believes in a holistic approach to risk analysis by incorporating key risk disciplines including but not limited to Counterparty, Market, Principal, Liquidity, Model, Legal, Fiduciary, Reputation, and Operational Risk weighing these against returns.


Our Risk Management team is committed to being a world-class leader in risk management, maintaining a system of strong controls, providing guidance and clear direction on key principles and proactively managing risks. The Chief Risk Officer of Asset Wealth Management (AWM CRO) reports directly to the firmwide CRO and is a member of the Risk Operating Committee as well as the Asset & Wealth Management Operating Committee.


Key responsibilities include:


Risk Management is an independent function of JPMorgan Asset Management (JPMAM) and has dedicated teams, with separate reporting lines from the Asset Management business. The role is a Vice President role in AM EMEA London

  • Counterparty Risk Approval
     Asset Management
    1) Liaise with CIB for counterparty approvals
    2) Communicate the counterparty approval request with the business managers, trade support, product delivery, data management team
    3) Set up thresholds in Counterparty Management System for counterparty activities such as securities lending, fx, loan trading, reserve repos, etc and co-ordinate approvals
     Wealth Management
    1) Liaise with CIB for counterparty approvals
    2) Follow the AWM counterparty risk procedures
  • Ongoing Risk Monitoring
     Monitor counterparty risk thresholds, and escalate the threshold breaches with risk recommendations to AM CRO
     Perform on-going monitoring and periodic reviews of the creditworthiness of approved counterparties (market implied credit metrics report)
     Manage day-to-day matters arising from the administration and monitoring of approved credit thresholds and guidelines

  • Solid understanding of ISDA documentation and ability to set credit terms
  • Participate Counterparty Risk Forum and prepare for the Counterpart Risk agenda item
  • Contribute to development, enhancement, and periodic review of analytics, risk assessment methodologies, and reporting capabilities
  • Contribute to team-wide efforts such as methodology enhancements, portfolio review and challenge
  • Manage implementation of key analytical and technology projects. Serve as subject matter expert for our business partners

Skills/qualifications

  • Related credit risk experience
  • Strong knowledge of various trading products and risk measurement methods (FX, Derivatives, Repos, CDS, Structured Products)
  • Solid understanding of ISDA documentation and ability to set credit terms
  • Demonstrated credit skills and judgment
  • Verbal and written communication and presentation skills –ability to present risk exposure and appropriate risk management to clients, boards, internal groups and regulators
  • Strong analytical skills and the ability to understand complex issues
  • Ability to relate market events to risk positions and analyze risk accordingly
  • Work independently - fulfill objectives with minimum supervision
  • Questioning and analyzing – do not take problems at face value, look at issues from different angles
  • Escalation – ensures problems have appropriate prominence and urgency - ‘See something, say something’ mindset
  • Attention to detail – take personal responsibility to ensure that work meets the highest quality standards
  • Good team player - listen and consider the views of others
  • Strong all round PC skills
  • Good organizational skills – sense of urgency, meets deadlines, pushes for decisions to be made