JOB DESCRIPTION
Counterparty Risk division (CCR) is part of Wholesale Credit Risk, and is responsible for counterparty exposure measurement, monitoring and escalating where appropriate, ad-hoc risk investigations and analyses in collaboration with credit officers, sales and senior management, assessment of CSA terms adequacy, determination of initial margin requirements including corresponding eligible collateral and valuations where applicable, ownership and maintenance of all credit exposure metrics (continuous adequacy assessment), all related exposure calculation/reporting engines and their development agendas and priorities, and Credit Capital and regulatory (CCAR, ICAAP, EBA) related exposure and collateral stress testing.
As a member of CCR Coverage, the candidate will work closely with Credit Officers, Front Office, and Sales, to assess the client level exposures, determine the appropriate execution limits, while maintaining an oversight of the overall Portfolio exposure by monitoring and escalating relevant concentrated exposures, liquidity, and market risks. The candidate will operate across various locations to establish synergies and best practices, to assess system capabilities, availability and use of risk metrics, identify solutions to enhance transparency and timely escalation of the pertaining portfolio risk.
Job Responsibilities:
- Keeping abreast of industry initiatives around margin methodologies, providing insights on the impact on JPMorgan and enhancing transparency around emerging risks in the area
- Providing independent advice on counterparty credit exposure for new deals with complex structures or relatedness, including the explain and challenge of calculations by 1st line of defense
- Act as subject matter expert on counterparty credit exposure/risks, providing guidance to Credit Officers on material methodology releases or model limitations, and helping guide methodology and policy updates
- Work with QR, Technology, Credit Officers, and other stakeholders to continuously review and enhance exposure methodologies and tools
- Partnering with sales and trading on development and rollout of counterparty credit exposure framework for new products or structures where risk expertise is required
- Deliver on regulatory and audit matters as required
- Manage and contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements.
Required qualifications, capabilities, and skills:
- Bachelor's degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
- Previous experience in a risk/trading/valuation control/quantitative research role, challenging and partnering with the Front-Office
- Proficient with MS Excel, familiar with Bloomberg
- Proficiency in coding (Python) and automation intelligent solutions, like Tableau and Alteryx, would be beneficial
- Good written and verbal communication skills: the candidate must be articulate and able to explain technical concepts to non-specialists; able to adjust communication style for a variety of situations and be able to hold their ground as required
- Strong sense of accountability and ownership: must be diligent, self-motivated and get the work done; have a risk mind-set, and be confident to make a risk judgment, articulate it, and challenge it.
Preferred qualifications, capabilities, and skills
Prior experience of Market and/or counterparty Credit risk experience focusing on margin, collateral or exposure metrics would be preferrable; strong candidates with other backgrounds would also be considered
Good knowledge of traded products, spanning derivatives (across asset classes), securities and financing
Working knowledge of JPM systems and infrastructure will be a strong advantage
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 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.
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
