Job Responsibilities:
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Keeping abreast of industry initiatives around margin methodologies, providing insights on the impact on JPMorgan and enhancing transparency around emerging risks in the area
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Providing independent advice on counterparty credit exposure for new deals with complex structures or relatedness, including the explain and challenge of calculations by 1st line of defense
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Act as subject matter expert on counterparty credit exposure/risks, providing guidance to Credit Officers on material methodology releases or model limitations, and helping guide methodology and policy updates
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Work with QR, Technology, Credit Officers, and other stakeholders to continuously review and enhance exposure methodologies and tools
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Partnering with sales and trading on development and rollout of counterparty credit exposure framework for new products or structures where risk expertise is required
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Deliver on regulatory and audit matters as required
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Manage and contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements.
Required qualifications, capabilities, and skills:
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Bachelor’s degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
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Previous experience in a risk/trading/valuation control/quantitative research role, challenging and partnering with Front-Office
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Proficient with MS Excel, familiar with Bloomberg
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Proficiency in coding (Python) and automation intelligent solutions, like Tableau and Alteryx, would be beneficial
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Good written and verbal communication skills: the candidate must be articulate and able to explain technical concepts to non-specialists; able to adjust communication style for a variety of situations and be able to hold their ground as required
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Strong sense of accountability and ownership: must be diligent, self-motivated and get the work done; have a risk mind-set, and be confident to make a risk judgment, articulate it, and challenge it.
Preferred qualifications, capabilities, and skills
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Prior experience of Market and/or counterparty Credit risk experience focusing on margin, collateral or exposure metrics would be preferrable; strong candidates with other backgrounds would also be considered
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Good knowledge of traded products, spanning derivatives (across asset classes), securities and financing
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Working knowledge of JPM systems and infrastructure will be a strong advantage.
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.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
Skills Required
- Bachelor's degree in Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
- Previous experience in a risk/trading/valuation control/quantitative research role, challenging and partnering with Front-Office
- Proficient with MS Excel and familiar with Bloomberg
- Proficiency in coding (Python) and automation/ intelligent solutions (Tableau, Alteryx)
- Good written and verbal communication skills; able to explain technical concepts to non-specialists
- Strong sense of accountability and ownership; risk mindset and ability to make and defend risk judgments
- Prior market and/or counterparty credit risk experience focusing on margin, collateral or exposure metrics
- Good knowledge of traded products across derivatives, securities and financing
- Working knowledge of JPM systems and infrastructure
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Health coverage is considered comprehensive, including medical, dental, and vision, alongside wellness and mental health resources. Some locations add onsite health centers and related wellbeing support.
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Retirement Support — Retirement offerings include a 401(k)-type savings plan and related financial benefits, with options such as employee stock purchase participation. Financial planning resources are also highlighted to support long-term savings.
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Parental & Family Support — Paid parental leave of 16 weeks for birth or adoption is available for all parents. Child care and back-up child care resources further reinforce family support.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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