Collateral and Margin Counterparty - Wholesale Credit Risk - Associate

JPMorgan Chase & Co. • New York, NY

4d • $135,000 - $150,000

About The Position

The Collateral and Margin Counterparty role is an Associate position within Counterparty Risk (CCR), part of Wholesale Credit Risk. CCR measures and monitors counterparty exposures across OTC derivatives (cleared and non-cleared), Futures and Options, Securities Financing, Securities Prime Services, CCPs, and Commodities. The broader organization oversees exposure measurement, risk monitoring and escalation, investigations and analysis, collateral and margin arrangements, credit exposure metrics, and related calculation and reporting capabilities.

As a member of the Collateral and Margining team, you will strengthen the control framework, conduct margin investigations, and negotiate ISDA CSAs. The role spans risk oversight, portfolio analytics, process improvement, and cross-functional delivery, with interaction across Quantitative Research, Technology, Product, Credit Officers, and other stakeholders. You will also contribute to transformation initiatives, analytical tools, regulatory and governance deliverables, and consistent risk oversight across CCR products and counterparties.

Requirements

• Bachelor’s degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance, or Economics.
• At least 3 years of experience in OTC derivatives in a Trading, Counterparty Risk, Market Risk, or Quantitative role in financial services.
• Strong analytical and problem-solving skills, including the ability to synthesize complex risk information, identify practical solutions, and communicate insights clearly.
• Proficiency in Python and SQL, and experience with data and visualization tools such as Tableau, Alteryx, ThoughtSpot, or similar platforms.
• Good understanding of derivatives (bilateral and cleared), Futures and Options, Securities Financing, Prime Services, and related counterparty credit risk products.
• Understanding of key CCR concepts, including exposure measurement, margin methodologies, ISDA CSAs, and collateral eligibility.
• Proficiency with MS Excel and comfort working with large data sets and analytical workflows.
• Strong written and verbal communication skills, including the ability to explain technical concepts to non-specialists and engage with a broad stakeholder group.
• Accountability and ownership; self-motivation, a control-minded approach, and confidence in making, articulating, and challenging risk judgments where appropriate.
• Ability to work effectively across functions and build partnerships with Quantitative Research, Technology, Product, Credit Officers, and other stakeholders.

Nice To Haves

• Prior experience in market risk and/or counterparty risk, particularly in collateral- or exposure-related roles.
• Experience delivering automation, reporting, or workflow improvement initiatives in a risk, analytics, or control environment, and translating business needs into practical solutions.
• Experience designing or implementing AI/LLM-enabled solutions to support analytics, automation, or workflow enhancement.

Responsibilities

• Perform margin investigations, liquidity analysis on collateral pools, and negotiation of eligible collateral schedules.
• Conduct in-depth reviews of regulatory margin and collateral requirements.
• Drive projects and transformation initiatives to improve team efficiency, control robustness, data quality, and workflow effectiveness.
• Develop and maintain analytical tools and automation using Python, AI/LLM-enabled techniques where relevant, and other data tools to streamline reporting, monitoring, and analysis.
• Use Tableau, Alteryx, and related technologies to improve transparency, scalability, and delivery of management information.
• Partner with Technology and other Wholesale Credit Risk teams on strategic enhancements in data, analytics, automation, and emerging capabilities.
• Collaborate with Quantitative Research, Technology, Product, Credit Officers, and other stakeholders to review methodologies, improve processes, and address risk management priorities.
• Support regulatory, audit, governance, and control-related deliverables as needed.
• Contribute to consistent and effective risk oversight across a broad range of products and counterparty types.

Benefits

• Competitive total rewards package, including base salary determined by role, experience, skill set, and location.
• Eligible roles may receive commission-based pay and/or discretionary incentive compensation in cash and/or forfeitable equity.
• Comprehensive health care coverage.
• On-site health and wellness centers.
• Retirement savings plan.
• Backup childcare.
• Tuition reimbursement.
• Mental health support.
• Financial coaching.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level