Market Risk Middle Office Analyst

Location: BOURNEMOUTH, DORSET, United Kingdom

Job Family: Risk Reporting

About the Role

At JP Morgan Chase, we are a leading global financial services firm with operations spanning investment banking, consumer and community banking, commercial banking, and asset and wealth management. As a Market Risk Middle Office Analyst in our Bournemouth office, you will join a dynamic team dedicated to safeguarding the integrity of market risk data for our institutional clients and internal stakeholders. This role is pivotal in the Risk Reporting category, where you will contribute to the firm's robust risk management framework, ensuring accurate and timely insights that drive strategic decisions in a volatile financial landscape. Bournemouth's state-of-the-art facility offers a collaborative environment with access to cutting-edge technology, supporting JP Morgan's commitment to innovation in financial services. In this position, you will be responsible for validating complex market risk datasets, performing reconciliations, and generating insightful reports that underpin trading activities and regulatory compliance. Working closely with front office, quant teams, and global risk functions, you will identify and mitigate data quality issues, conduct stress tests, and support the evolution of risk models. Your analytical expertise will help in monitoring exposures across diverse asset classes, from equities and FX to complex derivatives, all while adhering to stringent standards like Basel III and internal JP Morgan policies. This role demands a keen eye for detail and the ability to thrive in a fast-paced setting, directly impacting the firm's ability to navigate market uncertainties. JP Morgan Chase values diversity and inclusion, offering unparalleled opportunities for career growth in a supportive culture. As part of our team, you will benefit from world-class training, mentorship from industry leaders, and exposure to high-impact projects that shape the future of finance. If you are passionate about risk management and eager to contribute to a global powerhouse, this position in Bournemouth provides the platform to advance your career while making a meaningful difference in the financial services industry.

Key Responsibilities

• Validate and ensure the accuracy of market risk data across trading books, including equities, fixed income, and derivatives
• Perform daily reconciliations of risk exposures, PnL attributions, and scenario analyses to support senior management decision-making
• Collaborate with front office traders, quants, and technology teams to resolve data discrepancies and enhance risk reporting processes
• Develop and maintain dashboards and reports using tools like Tableau or Excel for market risk monitoring
• Conduct stress testing and back-testing of risk models in compliance with internal policies and regulatory requirements
• Assist in the implementation of new risk methodologies and system enhancements within JP Morgan's global risk framework
• Monitor key risk indicators (KRIs) and escalate issues related to data integrity or model performance
• Support ad-hoc risk analysis projects, including impact assessments for market events or regulatory changes
• Contribute to the documentation and automation of middle office workflows to improve efficiency
• Ensure adherence to JP Morgan's risk management standards and contribute to audit preparations

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field
• Minimum of 2-3 years of experience in market risk management, middle office operations, or financial data analysis within the banking or financial services sector
• Strong understanding of market risk metrics such as Value at Risk (VaR), stress testing, and sensitivity analysis
• Proficiency in SQL and data querying for large datasets in financial environments
• Knowledge of regulatory frameworks like Basel III, Dodd-Frank, and EMIR relevant to market risk reporting
• Experience with financial markets, derivatives, and trading instruments
• Ability to work in a fast-paced, global team environment with strong attention to detail

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance, Risk Management, or Quantitative Finance
• Certification such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst)
• Prior experience at a major financial institution like JP Morgan Chase or similar
• Familiarity with JP Morgan's internal risk systems or comparable platforms like Murex or Calypso
• Hands-on experience with Python or R for risk modeling and data visualization

Required Skills

• Proficiency in SQL for data extraction and validation
• Advanced Excel skills including VBA for automation
• Knowledge of market risk concepts like VaR, Expected Shortfall, and Greeks
• Experience with data visualization tools such as Tableau or Power BI
• Strong analytical and problem-solving abilities
• Attention to detail and accuracy in handling financial data
• Excellent communication skills for cross-functional collaboration
• Understanding of financial instruments and derivatives pricing
• Regulatory knowledge in market risk reporting (e.g., Basel, FRTB)
• Time management in high-pressure environments
• Team-oriented mindset with ability to work independently
• Basic programming in Python or R for risk analytics
• Familiarity with risk management software
• Adaptability to evolving market conditions
• Ethical judgment in data handling and compliance

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance coverage
• Generous 401(k) matching and pension contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee stock purchase plan and financial wellness resources
• Flexible working arrangements, including hybrid options in Bournemouth
• Access to on-site fitness facilities and wellness programs

JP Morgan Chase is an equal opportunity employer.