Private Bank - Credit Risk Analytics Lead

Job Description

Job Summary:

As a Vice president  in the Credit Risk Measurement and Analytics (CRMA)  team, you will get an opportunity to be a leader in overseeing and developing market & credit risk management frameworks, risk analytics, regional regulatory engagements, and in supporting the Global Private Bank (GPB) and Wealth Management (WM) lending solutions and derivatives businesses. CRMA operates a globally delegated coverage model with team members and partner teams located in North America, Europe and Middle East Africa (EMEA) and Asia Pacific (APAC). The team has a culture of actively managing risk through intelligent and proactive risk measurement, that is client focused, and adheres to the highest standards and best practices in the industry. You will possess an entrepreneurial mindset, be comfortable working at the fast pace of markets, see ambiguity as an opportunity, and go the extra step to find the best solution.  

The team manages credit risk oversight of marketable-securities-backed lending programs, capital markets activities, derivative programs, and principal market risk for the Global Private Bank (GPB) and Wealth Management (WM). They also manage associated risk measurement and stress testing frameworks. Frameworks include (a) methods to establish collateral requirements to secure credit exposure; and (b) stress testing for sufficient collateral, establishing reserves, and measuring risk appetite. The key stakeholders include the Risk organization, Lending & Trading Solutions providers, Lenders, Investors and Finance.  

Job Responsibilities

• Lending Value (Margin Requirement) Coverage : Support front-office investment and lending decision makers in understanding CRMA’s methodologies; Cover designated regions and product desks as methodologies expert; Support deal process through construction of lending values (or margin requirements) for new or complex asset classes, deal structures, and strategies; Partner with Quantitative Research (“QR”) to review, assess, and recommend monthly Lending Value Changes and communicate to Chief Risk Officers, Global & Regional Lending, Trading and Investment leads and heads of business; Understand regulatory requirements and commitments

 

• Monitor global markets (Segment Lead) : Become an expert on global market dynamics, risk scenario construction, and interpretation. Analyze impact of events to lending values, margin requirements, and clients. Produce oversight analytics & reporting, as needed. Lead event driven risk reviews,present analyses and recommendations to CRMA leadership, and risk management & front-office decision-making forums

 

• Lead product coverage of loans and derivatives secured by marketable securities (Segment Lead):  Analyze market risk and liquidity profiles of collateral; Review credit profiles of clients; Understand client strategies

 

• Stress testing : Lead ‘review & challenge’ engagements in partnership with business, risk, and support teams to evaluate stress testing results; Produce, and/or manage, stress testing deliverables as required; Support and/or produce ad-hoc (event-driven) stress testing as required; Partner with global front-office, risk management, and support teams in periodic production of global regulatory deliverables (e.g. Comprehensive Capital Analysis and Review); Support senior risk leadership with periodic evaluations of risk appetite; Lead market risk oversight, limit monitoring, and limit construction for new initiatives for region or product 

 

• Methodologies & Analytics : Partner with QR, credit risk, and front-office teams to develop and review models, methodologies, and assumptions for Lending Value / Initial Margin for clients’ securities / derivatives activity; Partner with firmwide QR and front-office teams to review and challenge existing models, assumptions, and analytics associated with stress test production; Partner with firmwide QR, credit risk, and front-office teams to enhance existing and new analytic tools; Support senior risk leadership with designing control frameworks, document related guidelines & execute implementation with business partners; Support New Business Initiative (NBIA) reviews as credit and/or market risk subject matter expert

 

• Innovation : Lead operational & analytics uplifts; Lead data research projects to design new architectures to unlock new information; Lead reporting and metric design to create new information capabilities

Required Qualifications, Skills and Capabilities

• Undergraduate degree required
• 6+ years in an analytical, technical, trading, or research-oriented role in capital markets
• Broad financial product knowledge required
• Practical knowledge of Python and associated data analytics packages (preferably in a professional environment) 
• Practical knowledge of Tableau or other Business Intelligence (BI) / Data Visualization Tools, and Microsoft office suite (Excel/PowerPoint/Word) 
• Excellent communication and interpersonal skills; Demonstrated mastery communicating technical capital markets concepts to a non-technical audience 
• Good team player, and high sense of ownership

 

Preferred Qualifications, Capabilities and Skills

• Academic concentrations in technical disciplines preferred 
• Graduate degree, or professional designations a plus
• Academic background in, or professional experience with, financial mathematics, financial engineering, quantitative risk methodologies, and/or data science 
• Professional experience in credit risk management, market risk management, derivatives, or hedging strategies 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 Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.​

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.