Counterparty Risk [Multiple Positions Available]

JPMorganChase • Plano, TX

1d • Onsite

About The Position

This position involves measuring and managing counterparty credit risk generated from trading activities across all asset classes, products, and clients. The role assists in managing strategic analytics, infrastructure, and methodology for counterparty credit risk management, including monitoring exposure and identifying concentrated risk positions. It provides credit exposure and stress analysis to support credit officers in daily risk management. The individual will also assist in developing solutions to perform quantitative risk analyses on client portfolios or individual trades, analyze trading strategies, develop statistical models, and perform portfolio simulations. Responsibilities include providing updates and risk summaries to senior risk management, participating in model development and review processes, and facilitating stress testing exercises for both internal and external purposes such as CCAR, Climate Risk, and EBA. The role also requires investigating data quality remediation and implementing control management for counterparty credit risk metrics.

Requirements

• Bachelor's degree in Electronic Engineering, Finance, Economics, Mathematics, Technology or related field of study plus 7 years (84 months) of experience in the job offered or as Counterparty Risk Lead, Risk & Finance Technology, Software engineer, or related occupation
• Alternatively, a Master's degree in Electronic Engineering, Finance, Economics, Mathematics, Technology or related field of study plus 5 years (60 months) of experience in the job offered or as Counterparty Risk Lead, Risk & Finance Technology, Software engineer, or related occupation
• Experience with monitoring portfolio risk metrics including Stress Exposure, Concentration Exposure, Potential future Exposure, Settlement Exposure, and Wrong Way Risk to ensure compliance with prescribed thresholds and tolerances using risk sensitivities including delta, vega, and gamma of a derivative pricing, traded financial products including futures and options, and Security Financing Transactions
• Experience with connecting market events to portfolio risks by conduct ad- hoc deep-dives on market themes, concentrated risks, exposure trends, and client positioning to evaluate potential emerging risks and identify risk management strategies
• Experience with evaluating Initial Margin and Variation Margin calculations
• Experience with determining client margin calls based on collateral and regulatory margin models
• Experience with executing and analyzing mandatory regulatory stress testing and capital adequacy submissions including CCAR, ICAAP, and RWA Capital for counterparty credit risk
• Experience with developing user tools and dashboard reporting capabilities with coding and data visualization tools including Python, Tableau, SQL, Alteryx, Business Objects, and ThoughtSpot to prepare analysis for regulatory and management requests on counterparty risks and stress
• Experience with developing and managing counterparty credit risk methodologies, models, and infrastructure including constructing technology delivery plans across multiple workstreams in excess of 20 technology resources
• Experience with conducting analysis to identify root causes and provide resolution for data quality items using Data Lineage, Data Governance, Risk, Controls, or Compliance

Responsibilities

• Measure and manage counterparty credit risk generated from trading activities across all asset classes, product, and clients
• Assist in managing strategic analytics, infrastructure, and methodology for counterparty credit risk management
• Monitor exposure and identify concentrated risk positions
• Provide credit exposure and stress analysis, supporting credit officer on daily risk management
• Assist in developing solutions to perform quantitative risk analyses on client portfolios or individual trades, analyze trading strategies, developing statistical models, and perform portfolio simulations
• Provide updates and risk summaries to senior risk management
• Participate on model development and review process
• Facilitate stress testing exercise for both internal and external purposes, such as CCAR, Climate Risk, and EBA
• Investigate data quality remediation and implement control management counterparty credit risk metrics

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees