Job Location: Plano, TX
Job Detail:
Counterparty Risk consists of the Counterparty Risk, Stress and Margining (CRSM), Central Counterparty (CCP) and Commodities groups within Wholesale Credit Risk, which cover OTC Derivatives (cleared and non-cleared), Futures and Options, Securities financing, and Securities Prime Services, CCPs and Commodities. Overall group responsibilities include, but are not limited to Counterparty Risk Measurement, Monitoring (and escalating as appropriate) of those risks/exposures, Ad hoc risk investigations and analyses for credit officers, sales and senior management, Assessment of CSA terms adequacy, Determination of initial margin requirements including corresponding eligible collateral and valuations where applicable, Ownership and maintenance of all credit exposure metrics (continuous adequacy assessment), All related exposure calculation/reporting engines and their development agendas and priorities, and Credit Capital & CCAR/ICAAP related exposure & collateral stress testing.
The candidate will be responsible for:
- Risk coverage monitoring and controlling of client Futures, Options, Rates, Credit, and FX trading and exposures
- Analyzing portfolios and overall counterparties, (with a focus on market and liquidity risk), to ensure the risks are quantified and controlled in accordance with the firm’s risk policies
- Working closely with Front Office/Credit Risk/Operations team to size and evaluate appropriate execution and clearing limits for new and existing clients to the platform
- Performing Ad-Hoc and periodic risk reviews, including scenario stress testing and sensitivity analysis
- Helping to produce and maintain client risk reports for consumption by independent risk and senior product stakeholders
- Formulating views around product risk appetite and be able to review and challenge business stakeholders risk requests
- Working closely with Front Office/Credit Risk/Operations team to size and evaluate appropriate execution and clearing limits for new and existing clients to the platform
- Contributing to firm-wide projects around key counterparty credit exposure metrics & technical enhancements
Minimum Skills, Experience and Qualifications
We are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role.
- Bachelor’s degree Finance, Economics, Mathematics, Computer Sciences, or related area
- Relevant market risk or credit risk experience a plus
- Knowledge of Exchange Traded Derivatives (ETD), Options, FX products (Spot, Forwards), OTC Derivatives relating to Rates and Credit
- Strong organizational, control, project management, communication, presentation, and negotiation skills
- Highly motivated with a natural propensity to learn and an inquisitive personality
- Strong problem-solving abilities with the capability to challenge status quo, looking for ways to do things more efficiently and effectively
- Strong interpersonal skills and an ability to work well independently, as well as in a team environment
- Strong analytical skills with good attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling and assimilation of data into a working product
- Ability to perform well under pressure in a demanding environment managing multiple tasks at the same time
- Expertise in Microsoft Excel, Word, PowerPoint
- Modeling skills in Excel (VBA), SQL and Python a plus
JPMorgan Chase & Co., 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.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the WELL Health-Safety Rating for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm’s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm’s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
Equal Opportunity Employer/Disability/Veterans
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