Job Description
As Counterparty Risk Americas - Managing Director, within Risk Management and Compliance Risk Management and Compliance, you are at the center of keeping JPMorgan Chase 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.
Counterparty Risk consists of the Counterparty Credit Risk and the Central Counterparty (CCP) groups within Wholesale Credit Risk, which cover OTC Derivatives (cleared and non-cleared), Futures and Options, Securities financing and Securities Prime Services and CCPs. 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, Assessment 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.
Job Responsibilities
- Supporting the global head of Counterparty Risk in the following areas:
- Overseeing Counterparty Credit Risk client coverage in the Americas across Prime Brokerage, Cleared and Bilateral derivatives and securities financing positions
- Managing and steering the strategy for the various Counterparty Risk coverage development projects and project working groups
- Acting as an SME on Counterparty Risk topics to regulators, senior management, partners in Risk, Front Office and other stakeholders.
- Acting as main point of contact between Counterparty Risk and Central Counterparty Risk and other key areas of the firm eg. Market Risk, Credit Risk, Liquidity Risk, Capital, Treasury and Risk and Business partners in AWM, CIB and CCB
- Driving the People and Diversity agenda for Counterparty Risk
Required qualifications, capabilities and skills
- 15+ years of relevant management experience in Risk incl. market, credit, liquidity risk
- Strong and broad proven working experience in risk management across different groups and LOBs and across multiple asset classes.
- Proven ability to work cross-lob and interact with senior management and /or regulators
- Proven work experience in Derivatives, Structured Finance, Securities and Financing activities across asset classes
- Proven experience interacting with regulators
- Proven experience in managing stress testing (CCRA, ICAAP etc)
- Strong organizational, control, project management, communication and negotiation skills and comfort with dynamically shifting priorities, timelines, and demands
- Excellent written and verbal communication skills. Must be articulate and be 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
- Strong sense of accountability and ownership of responsibilities. Must be diligent and self-motivated. Highly confident and commercial with the conviction to challenge and make decisions.
- Excellent people management and motivation skills.
About Us
Across JPMorgan Chase, we serve millions of customers and many of the world’s most prominent corporate and government clients. Our mission is to build a stronger, more equitable economy, and we strive to make a positive impact everyday with our customers in their communities. We are proud of our reputation as one of the world’s most admired companies and we know that it’s our people who make us successful. We are committed to a diverse and inclusive workplace where our employees are welcomed, valued and able to bring their authentic selves and best work forward.
About UsWe offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, 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.
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.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Skills Required
- 15+ years of relevant management experience in risk including market, credit, liquidity risk
- Deep experience in counterparty credit risk, CCPs, OTC derivatives (cleared and non-cleared), futures, options, securities financing and prime brokerage
- Proven ability to work cross‑line of business and interact with senior management and regulators
- Proven experience interacting with regulators
- Proven experience managing stress testing (CCAR, ICAAP, CCRA etc.)
- Strong organizational, control, and project management skills with comfort handling shifting priorities
- Excellent written and verbal communication; able to explain technical concepts to non‑specialists
- Strong negotiation skills, commercial judgment, accountability and decision‑making ability
- Excellent people management and motivational skills
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 — Medical, dental, vision, and mental health coverage are comprehensive, with on-site clinics, preventive care, and specialized supports such as maternity nurse guidance and fertility treatments. Wellness activities can help offset copays and out-of-pocket costs, reinforcing the perceived strength of health benefits.
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Retirement Support — A 401(k) with dollar-for-dollar matching and additional automatic pay credits reflect strong employer-backed retirement savings. An employee stock purchase plan and related financial programs further bolster long-term financial support.
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Leave & Time Off Breadth — Paid time off, sick time, holidays, and generous parental leave are provided alongside family medical leave and adoption/fertility assistance. Additional programs like caregiver support and volunteer time off expand the breadth of time-away options.
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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