Employer Description
JPMorgan Chase & Co., 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.
Job Description
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, striving to be best-in-class.
Team description
Counterparty Credit Risk is an independent risk organization within Wholesale Credit Risk, which cover OTC Derivatives (cleared and non-cleared), Futures and Options, Securities financing, and Securities Prime Services, CCPs and Commodities at a counterparty level. Overall group responsibilities include, but are not limited to Counterparty Risk Measurement, Monitoring (and escalating as appropriate) of those risks/exposures, Ad hoc risk investigations and analyses for 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
Job responsibilities
As part of a global team you will be the market coverage person for regional Central Counterparty Clearinghouses (CCP) in a risk management function and subject matter expert partnering with Sales and Trading and Credit Officers in proactive assessment and evaluation of contingent risk exposures across differing asset classes
Strong working knowledge of risk measures and concepts which include, but not limited to greeks (ie delta, vega, etc), Peak, Stress, Liquidity, Concentration, Margin, etc
Strong quantitative and communication skills to explain quantitative approaches and analyses to support risk decisions to Senior Risk Managers and Credit Risk Officers
Ability to work in a high-pressure environment to effectively manage daily workload and collaborate with others across the local and global team to deliver on team projects and goals
Initiate and develop deep dives and topical market developments as it relates to CCP risk exposures . Formulate views around product and client level risk appetite and ability to review and challenge business stakeholders’ on CCP risk related queries
Work closely with stakeholders to evaluate and validate limit sizing and appropriate risk appetite and traded exposures which include discussions with trading, credit risk and/or other 2nd line
Assist with the macro credit risk agenda to proactively develop and integrate AI technology into the team’s work-flow and processes
Required qualifications, skills, and capabilities
5+ years in risk management/quantitative financing/trading fields
Good working knowledge of cross asset cleared and non-cleared exchange traded products
Basic to moderate understanding of coding, execution and data aggregation platforms and languages (ie Python, R, Tableau, etc) a plus
Strong organizational, control, project management, communication, and negotiation skills. Ability to work independently with limited guidance
Preferred qualifications, skills, and capabilities
Strong sense of accountability and ownership of responsibilities. Must be diligent and self-motivated
Strong problem-solving abilities with the capability to challenge status quo, seek ways to do things more efficiently and effectively
Excellent written and verbal communication skills - must be articulate and have ability to explain technical concepts to non-specialists; ability to adjust communication style for a variety of situations and be able to defend your stance, as needed