Risk Management- Counterparty Credit Risk- Associate

JPMorgan Chase • Plano, TX

89d

About The Position

Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. CCR is seeking an Associate to join the Counterparty Risk team in Plano, Texas. The successful candidate will conduct in-depth portfolio analysis, stress testing, and scenario analysis to assess counterparty portfolio exposures under various market conditions.

Requirements

• Bachelor's degree in quantitative disciplines such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance, or Economics.
• Over 3 years of experience in risk management, stress testing, or portfolio analytics within a financial institution.
• Strong understanding of the sensitivity (e.g. delta, vega) of a derivative pricing, and the product knowledge of futures/options/other derivatives.
• Strong understanding of financial markets with the ability to connect market events to portfolio risks.
• Fundamental knowledge of collaterals, margin requirement of counterparty portfolio.
• Excellent analytical and problem-solving skills, with an inquisitive nature and comfort in challenging current practices.
• Strong communication and presentation skills, capable of conveying complex information to diverse audiences.
• Ability to work under pressure and deliver on multiple tight, time-sensitive deadlines.
• Innovative and creative thinker with the ability to improve current processes and achieve efficiencies.
• Experience with coding and data visualization tools such as Python, Tableau, and SQL.

Nice To Haves

• Master's degree or professional designations such as CFA, CQF, or FRM.
• Experience in Market / Credit risk, Trading, or Trading middle office functions.
• Strong product knowledge and quantitative skills across a broad range of asset classes and investment strategies.

Responsibilities

• Monitor portfolio risk metrics, including Strategic Stress Exposure (SSE), Gross Market Concentrations (GMC), Wrong Way (WW) Risks, and Stress Expected Losses (Stress EL), to ensure compliance with prescribed thresholds and tolerances.
• 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.
• Identify, recommend, and assist in developing methodology, frameworks (e.g. risk appetite, limit, etc) and solutions to optimize portfolio risk management and enhance decision-making processes.
• Execute and analyze regulatory stress submissions (e.g CCAR, EAD/MPE, RWA capital etc.), for counterparty credit risk.
• Prepare accurate and timely analysis for regulatory and management requests on counterparty risks and stress.
• Stay informed about the regulatory landscape, stress testing requirements, and methodologies to ensure compliance and best practices.
• Collaborate with cross-functional teams, including risk officers, technology, and risk reporting, to ensure comprehensive analysis and reporting of counterparty exposures.
• Contribute to firm-wide projects focused on key counterparty credit exposure metrics and technical enhancements.

What This Job Offers

• Education Level: Bachelor's degree