Counterparty Risk [Multiple Positions Available]

JPMorgan Chase & Co. • Plano, TX

4h • Onsite

About The Position

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success. The Counterparty Risk position involves measuring and managing counterparty credit risk generated from trading activities across all asset classes, product, and clients. It also assists in managing strategic analytics, infrastructure, and methodology for counterparty credit risk management, and monitors exposure and identifies concentrated risk positions.

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 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 evaluating Initial Margin and Variation Margin calculations
• Experience determining client margin calls based on collateral and regulatory margin models
• Experience executing and analyzing mandatory regulatory stress testing and capital adequacy submissions including CCAR, ICAAP, and RWA Capital for counterparty credit risk
• Experience 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 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 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

Benefits

• Competitive total rewards package including base salary determined based on the role, experience, skill set and location
• Commission-based pay and/or discretionary incentive compensation (for eligible roles)
• Comprehensive health care coverage
• On-site health and wellness centers
• A retirement savings plan
• Backup childcare
• Tuition reimbursement
• Mental health support
• Financial coaching

What This Job Offers

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