Job Description
DESCRIPTION:
Duties: Act as a subject matter expert on counterparty credit exposure and risks, providing guidance and training to credit officers on material methodology releases or model limitations, and helping guide methodology and policy updates. Contribute to and drive firm-wide projects around key counterparty credit exposure metrics and technical enhancements. Responsible for driving outcomes in identifying, analyzing, monitoring, and reporting on inherent risks within counterparty exposures. Formulate views around product risk appetite and review and challenge business stakeholders' risk-related questions. Work closely with the front office, credit risk, and operations teams to size and evaluate appropriate execution and clearing limits for new and existing clients on the platform.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Management, Finance, Mathematics, Financial Engineering, or related field of study plus 1 year of experience in the job offered or as Counterparty Credit Risk, Credit Risk Analyst, or related occupation. The employer will alternatively accept a Bachelor's degree in Management, Finance, Mathematics, Financial Engineering, or related field of study plus 3 years of experience in the job offered or as Counterparty Credit Risk, Credit Risk Analyst, or related occupation.
Skills Required: Requires experience in the following: banking 2nd line of defense control; Risk management; quantitative financing; using machine language coding, such as Tableau and SQL, to generate reports and implement analysis based on internal systems; performing quantitative assessment of risk appetite based on different metrics including PnL and charge off of the underlying Products; preparing routine portfolio analysis for business partners and senior management; performing analytical assessments of different risks associated with products and market and providing responses to regulators including the Fed and OCC. Requires knowledge of the following: Exchange Traded Derivatives (ETD), Options, and FX products including Spot, and Forwards; OTC Derivatives products across asset classes including Equities, Rates, Commodities, Foreign Exchange and Credit Spreads; Applying statistical and non-statistical methodologies to assess risk at a trade and strategy level including calculating Stress, VaR, and Peak using a Monte-carlo based model; calculating historical stress loss based on multiple risk factors on derivative products including delta, vega, and skew and taking into consideration market related events. Knowledge in the skills can be gained through professional work experience or graduate level coursework.
Job Location: 8181 Communications Pkwy, Plano, TX 75024. This position requires up to 10% domestic travel.
About Us
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 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
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
