Counterparty Credit Risk

**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.

Counterparty Risk consists of the Counterparty Credit Risk (CCR), Central Counterparty (CCP) and Commodities groups within Wholesale Credit Risk, which cover OTC Derivatives (cleared and non-cleared), Futures and Options, Securities Financing, Securities Prime Services, CCPs and Commodities. 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, and Credit Capital & CCAR/ICAAP related exposure & collateral stress testing.
- Risk coverage monitoring and managing of client Futures, Options, Rates, Credit, and FX trading and exposures
- Analyzing counterparty and firmwide trading portfolios (with a focus on market and liquidity risk), to ensure the risks are quantified and controlled in accordance with the firm’s risk policies
- Working closely with Front Office/Credit Risk/Operations team to size and evaluate appropriate trading limits for new and existing clients to the clearing platform
- Performing Ad-Hoc and periodic risk reviews, including scenario stress testing and sensitivity analysis
- Helping to produce and maintain client risk reports for consumption by independent risk and senior product stakeholders
- Formulating views around product risk appetite and being able to review and challenge business stakeholder requests
- Contributing to firm-wide projects around key counterparty credit exposure metrics & technical enhancements

**Minimum Skills, Experience and Qualifications**
- Bachelor’s degree Finance, Economics, Mathematics, Computer Sciences, or related area
- Relevant market risk or credit risk experience is a plus
- Knowledge of Exchange Traded Derivatives (ETD), Options, FX products (Spot, Forwards), OTC Derivatives (relating to Rates and Credit)
- Strong project management, communication, presentation, and negotiation skills
- Highly motivated with a natural propensity to learn and ask questions
- Strong problem-solving abilities with the capability to challenge status quo, looking for ways to do things more efficiently and effectively
- Strong interpersonal skills and an ability to work well independently and in a team environment
- Strong analytical skills with good attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling and data manipulation
- Ability to perform well under pressure in a demanding environment managing multiple tasks at the same time
- Expertise in Microsoft Excel, Word, PowerPoint
- Modeling skills in Excel (VBA), SQL and Python a plus

**ABOUT US**

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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.

**ABOUT THE TEAM**

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 advic