Legal Entity Market Risk - Associate

As an Associate in the Legal Entity Market Risk team at J.P. Morgan, you will play a crucial role in managing the interface and relationship with local regulators regarding Market Risks. Your responsibilities will include providing leadership on India Legal Entity Market Risk strategy, understanding and interpreting local regulatory requirements, and ensuring a consistent response to individual regulators. You will be responsible for overseeing and controlling market risks at the legal entity level, establishing and monitoring risk limits, and providing analysis and commentary as required. Additionally, you will handle Legal Entity onsite and offsite inspections/examinations, establish and ensure a robust risk governance framework, and assist in limit escalations while monitoring key control processes. Your role will involve monitoring market risk positions to identify material risks, concentrations, and tail risks to prevent any surprises. You will also conduct ad hoc risk scenario analysis and respond to urgent requests from senior risk and trading management. In this position, you will actively engage with location trading desk managers to stay informed about risks, business activities, exposures, material trade approvals, and limits. You will participate in location Risk Committee meetings, drive deep dive and risk analysis, and improve risk transparency, methodologies, and reports by conducting detailed analyses on various basis risks, curve risks, and specific structure risks. Your role will also involve coordinating with Front Office, Middle Office, Finance, and Technology on projects related to FRBT, VaR, stress testing, and risk reporting. You will support the APAC legal entity team resiliency initiatives and assist in regulatory deliverables and commitments for the Asia Legal Entities. To excel in this role, you should hold a minimum Bachelor's degree and possess strong knowledge of local financial markets and products, including derivatives. Strong analytical skills, numeracy, and understanding of quantitative concepts related to risk sensitivity, P&L explain, VaR, and stress testing are essential. Familiarity with Market Risk Management related to local regulations, risk control processes, and governance is required. Excellent written and spoken communication skills, accountability, ability to work independently under pressure, and interpersonal skills to drive cross-functional initiatives are key attributes for success. Preferred qualifications include at least 8 years of experience in financial markets, with previous trading or market risk management experience being advantageous. Prior managerial experience is also preferred.,