Risk Data Analyst Jobs in New Jersey

Description

JOB DESCRIPTION

Duties:
Perform statistical data analysis to ensure accuracy of the time series data used in firmwide Value at Risk (VaR) calculation for Market Risk management. Analyze Average Daily Trading Volume (ADTV) data for data quality issues to be addressed in the process of establishing the Gross Market Concentration (GMC) limit and calculating the Strategic Stress Exposure (SSE) for Counterparty Credit Risk management. Build analytical and visualization tools for identifying trends and patterns, anomalies and spurious data including spikes, gaps, cyclicality and oscillation to improve data quality and integrity. Extract, assemble, organize and analyze large amounts of data from multiple and disparate sources by employing advanced techniques to scale up data management activities with efficiency and accuracy. Validate time series data by leveraging knowledge of financial products and risk factors in Equities, Fixed Income, FX, and Commodities, conducting research on market events, and interacting with trading desks. Collaborate with product specialists to document end-to-end data lineage for derived time series constructed according to VaR models, ensuring transparency and traceability. Monitor the ongoing performance of VaR model by analyzing and confirming movements in time series data to deliver market insights and solutions regarding data quality enhancements. Implement controls to prevent data quality issues, identify and mitigate risks, and ensure data satisfies the statistical properties required for model usage. Produce data quality metrics and KPI reports to assess and identify improvement areas for data quality and communicate findings to senior management and internal control functions. Liaise with Technology teams to onboard new data sources for data required by VaR calculators and Counterparty Credit risk limits to measure risk accurately. Provide analytical support for regulatory matters and facilitate audit processes.

Qualifications

Minimum education and experience required:
Bachelor's degree in Information Science, Applied Economics, or related field of study plus 2 years of experience in the job offered or as Risk Analyst, or related occupation.

Skills Required:
This position requires (2) two years of experience with the following:
- Performing risk calculation and sensitivity analysis across Equities, Fixed Income, FX, and Commodities asset classes using Python and Excel, applying greeks, and leveraging financial product knowledge of futures, options, credit default swaps, and securitized products;
- Estimating financial instrument profit and loss and conducting Value at Risk (VaR) impact analysis using VaR modeling methods, including variance-covariance, historical simulation, and Monte Carlo simulation;
- Conducting backtesting and stress testing using Python including Scikit-learn and R including dplyr and ggplot2 to validate and explain significant changes in portfolio risk resulting from movements in market data;
- Analyzing financial datasets using Python, SQL, and Excel and ensuring their integrity by applying statistical techniques including correlation analysis, linear regression, and outlier detection algorithms including z-score analysis and interquartile range (IQR) analysis;
- Evaluating counterparty credit risk by analyzing exposure concentrations across multiple dimensions, including issuers, regions, industry sectors, and products;
- Developing numerical programs for financial data analytics using Python and Python libraries including NumPy, Pandas, SciPy, Seaborn, and Matplotlib to process, model, and visualize market data;
- Programming SQL operations, including multi-table joins, nested queries, and analytic functions and optimizing query performance to process and analyze datasets from multiple sources;
- Performing data analysis and developing reports using Excel functions, including Index, Match, Data, Analysis add-ons, Pivot Tables, and dynamic charts;
- Identifying variance drivers to explain complex changes in financial datasets and delivering actionable insights to support decision-making within risk organizations;
- Creating key performance metrics by applying statistical analysis to measure the significance of data quality issues affecting risk measures;
- Supporting regulatory exams by providing requested data and detailed analyses leveraging SQL and Excel Macros to extract, process, and report information;
- Identifying and implementing process improvements to strengthen controls and enhance operational efficiency and data integrity.

Job Location:

545 Washington Blvd, Jersey City, NJ 07310.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

Full-Time

Salary: $145,000 - $150,000 per year.

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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 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 FAQs for more information about requesting an accommodation. JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans.

About The Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.