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Hiring for Senior Analyst - SIMM Management - Credit Risk in Mumbai, for Exp. 2 - 5 yrs at JPMorgan (Job in Mumbai)

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Job Description:Credit Risk SIMM Management Analyst/ Jr. Associate J. P. Morgan is looking for multiple junior finance analysts in the SIMM Management team with a good knowledge of derivative products, excellent analytical skills and a quantitative background. The SIMM Management Team is a new team that focuses on the regulatory requirements resulting from the global non- cleared derivatives margining rules. The group is a multi- national team within Collateral Risk Management primarily based in New York, London and Tokyo, which will be the regions supported. Collateral Risk Management team, which historically has been responsible for risk decisions around margining and collateral of the derivatives portfolio - including asset eligibility, haircuts, enforceability, collateral optimization, CSA negotiation, identification of concentrations/ relatedness, and efficient re- use of assets, as well as coordinating liquidation of collateral in close- outs. We have input to industry- wide collateral forums, including ISDA collateral efforts, as well as loan, LC and sec financing policy. The SIMM Management Analysts/ Associates will be responsible for the following tasks. Once the selection process is completed, the successful candidates will be reporting to a regional supervisor. Responsibilities Determine key drivers of IM requirements as well as understand counterparty IM calculations Interface with counterparties, Crowdsourcing Utility, and Collateral Hub Conduct ongoing SIMM model back- testing and benchmarking functions for on- going model validation Conduct what- if analysis, funding impact studies and capital impact caused by disputes Assist in the determination of model shocks and correlation matrices for model calibration Assist in implementation of SIMM methodology as new versions become available and version control Understand the underlying assumptions, theory, derivation, empirical evidence, implementation and limitations of the model Perform independent testing to identify/ quantify model risk associated with the model being validated Become a subject matter expert on local regulations related to non- cleared margin, collateral and the SIMM Model Design and implement new minimum risk management practice standards imposed by the non- cleared derivatives margining rules and associated policy changes Continue to influence and shape dialogue of regulatory reform specific to margining practices through participation in various industry forums/ working groups Work closely with the business, Market Risk, Finance/ CPG and other control functions with respect to compensating controls of the models and communication of validation outcomes Qualifications Minimum of 2 years of experience Good understanding of financial mathematics including probability theory, statistical analysis, interest rates and credit risk modeling. Excellent analytical skills with a desire to learn and improvise Well organized, detail- oriented with strong communication skills (both written and verbal) Coding ability in VBA/ Excel Macros, Python scripting, C is a plus Excellent knowledge of derivative products with approximately 2 years experience with expertise in at least one asset class (FX, credit, rates, or equity) Excellent knowledge of counterparty risk measurement techniques and metrics for derivatives and financing transactions Comfort interacting with trading, structuring, sales, middle office and technology Experience reviewing back testing results, VaR explains, and familiarity with Dodd- Frank rule requirements

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Posted on: Friday, 08 September, 2017  08:51
Expires On: Monday, 23 March, 2020  18:30

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