Counterparty Credit Risk - Collateral and Margin Associate

JPMorgan Chase & Co. • New York, NY

8h • $125,000 - $150,000

About The Position

Counterparty Risk (CCR), part of Wholesale Credit Risk, 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 analyses, assessment of collateral and margin arrangements, ownership of credit exposure metrics, and the development and maintenance of exposure calculation and reporting capabilities.

As a member of CCR’s Collateral and Margining team, the Associate will help strengthen the control framework, perform margin investigations, and negotiate ISDA CSAs. The role spans risk oversight, portfolio analytics, process improvement, and cross-functional delivery, working with Quantitative Research, Technology, Product, Credit Officers, and other stakeholders. It also contributes to transformation initiatives and consistent risk oversight across a broad range of 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 constructively 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 for analytics, automation, or workflow enhancement.

Responsibilities

• Perform margin investigations and liquidity analysis on collateral pools, and negotiate eligible collateral schedules.
• Conduct deep dives into 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 solutions 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 to 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 the CCR portfolio and 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