Counterparty Credit Risk

Job Description

This is an exciting role to be a part of the counterparty credit risk team

Job Summary :

As an associate in the  Counterparty Credit Risk team you will be responsible for counterparty risk measurement, monitoring (and escalating as appropriate) risks/exposures, ad hoc risk investigations and analysis for credit officers, sales and senior management. In addition the team assesses the adequacy of Credit Support Agreement (CSA) terms, 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

Counterparty credit risk is an independent risk organization within Wholesale Credit Risk, which covers OTC Derivatives (cleared and non-cleared), Futures and Options, Securities financing, and Securities Prime Services, Central Counterparty Clearing House and Commodities 

Job responsibilities

• Assess exposures and trade level margin requirements based on developed knowledge of Product Level risk sensitivities and trade inputs
• Comprehensive knowledge of portfolio and client level risk management to act as a subject matter expert on counterparty credit exposure/risks 
• Work with QR, Technology, Credit Officer and other stakeholders to continuously review and enhance exposure methodologies and tools
• Manage and contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements
• Responsible for driving outcomes in identifying, analyzing, monitoring, and reporting on inherent risks within counterparty exposures
• Formulate views around product risk appetite and be able to review and challenge business stakeholders’ risk related questions
• Work closely with Front Office/Credit Risk/Operations team to size and evaluate appropriate execution and clearing limits for new and existing clients to the platform
• Contributing to firm-wide projects around key counterparty credit exposure metrics & technical enhancements

Required qualifications, skills, and capabilities

• 2-5 years in risk management/quantitative financing/trading fields
• Good working knowledge of Exchange Traded Derivatives (ETD), Options, FX products (Spot, Forwards), OTC Derivatives products across different asset classes
• Exemplifies a strong ability to work efficiently and closely with others in a team
• Expertise in Microsoft Excel, Word, PowerPoint 
• Strong organizational, control, project management, communication, and negotiation skills
• Ability to work independently with limited guidance
• 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
• Highly confident and commercial - possess conviction to challenge and make a risk judgment, stick to it and be able to articulate reasoning behind it
• 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

Preferred qualifications, skills, and capabilities

• Experience assessing exposures and margin requirements of derivative trades and portfolios 
• Modeling skills in Excel (VBA), SQL, Tableau and Python a plus
• Vice President level position can be considered for candidates with strong related experience

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

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.