• Job Description

  Req#: 210413505

  As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

  Team summary

  Counterparty Risk is a newly-created joint venture between Counterparty Credit Risk (CCR) and Market Risk, and the group is responsible for the identification, measurement, monitoring and analysis of the CCR and contingent risk matters related to JPMorgan’s counterparty portfolio and markets. One of the areas covered by the Counterparty Portfolio Risk Management team within Counterparty Risk is the responsibility for models, methodologies and infrastructure supporting the calculation of CCR exposures.

  Job summary

  This role will support the Counterparty Risk team’s Portfolio Risk Management mandate across derivatives, securities and other traded products, including credit exposure infrastructure, methodology and margining, analysis of exposure for complex transactions, stress testing, wrong way risk, advanced regulatory capital models and counterparty risk data governance. You will support credit exposure analysis of counterparty portfolios on traded products globally, with a focus in the Americas region for both the CIB and Commercial Bank clients.

  Job responsibilities

  • Active portfolio risk management, to identify, challenge, set limits for exposures that are concentrated, illiquid, poorly margined etc. Inform missing risk capture and provide appropriate controls and reporting
  • Acting as subject matter expert on credit exposure for derivatives and securities, providing advice to Credit Officers and helping guide methodology and policy updates
  • Having oversight over calculated credit exposures for derivatives and securities, including the calculation and review of exposure overrides (e.g. specific wrong way trades, margin loans)
  • Contributing to and supporting firm-wide projects and stress testing for both internal usage and regulatory requests, such as CCAR, or key counterparty credit exposure metrics & technical enhancements for traded products.
  • Working with QR on credit exposure modelling development, providing guidance and training on material methodology releases or model limitations to Credit Officers, liaising with Credit Officers on impact analyses from model changes
  • Establishing a strong working relationship with stakeholders

  Required qualifications, capabilities and skills

  • Bachelor’s degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
  • 3-5 years of experience in Market Risk, Credit, Trading or Trading middle office functions
  • Good understanding of derivatives (bilateral and cleared), Futures, Options and financial markets
  • Understanding of quantitative concepts relating to CCR exposures, risk sensitivity and stress testing. Must be highly numerate
  • Ability to communicate results of analysis or underlying risk concepts clearly and succinctly. Good written and verbal communication skills, with the ability to articulate analysis to stakeholders
  • Experience in designing, documenting, and implementing control frameworks for BAU tasks (SOPs)
  • Adept with Excel, PowerPoint and automation tools such as Python, Alteryx, Tableau to be nimble with large datasets

  Preferred qualifications, capabilities and skills

  • Master’s degree, CFA, CQF or FRM designations
  • Strong sense of accountability and ownership of responsibilities, diligent and self-motivated. Must be confident and commercial, and have the conviction to challenge and make a risk judgment, stick to it and be able to articulate why this is the case
  • Experience of working in Service Level Agreement (SLA) driven environments with the ability to manage upstream and downstream dependencies

• About the company

  J.P. Morgan is a leader in financial services, offering solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years. Our business has been built upon our core principle of putting our clients'​ interests first.

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