Risk Management- Counterparty Credit Risk - Vice President - JPMorgan Chase Bank, N.A.
New York, NY 10001
About the Job
As Counterparty Credit Risk Vice President 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 Credit Risk is an independent risk organization within Wholesale Credit Risk, covering OTC Derivatives (cleared and non-cleared), Futures and Options, Securities Financing and Securities Prime Services, CCPs and Commodities at a counterparty level. 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.
Job Responsibilities
- Drive outcomes in identifying, analyzing, monitoring, and reporting on inherent risks within counterparty exposures for material hedge fund clients
- Formulate in-depth knowledge of the top hedge fund clients and develop views around product risk appetite and be able to review and challenge business stakeholders' risk related questions
- Work with QR, Technology, Credit Officer and other stakeholders to continuously review and enhance exposure methodologies and tools, as required pertaining to coverage of the material hedge fund clients
- Manage and contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements
- Work closely with CCR regional coverage teams and Front Office/Credit Risk/Operations team to review client requests (e.g., margin, limits, etc) for new and existing clients to the platform
- Contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements
Required qualifications, capabilities and skills
- Minimum of 5 years in risk management/quantitative financing/trading fields
- In-depth understanding of counterparty/liquidity/market risk originated from Equity prime brokerage, Futures and Options and OTC cleared and bilateral derivatives products across asset classes (Equity, IR, Credit, FX and Commodities)
- Self-starter, relies on limited guidance for most complex decision making
- Strong problem-solving abilities with the capability to challenge status quo, looking for ways to do things more efficiently and effectively.
- Confident and commercially-minded, with the conviction to challenge, make calculated risk judgments, stand by them and clearly communicate the rationale.
- Excellent written and verbal communication skills. Must be articulate in explaining 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
- Strong organizational, control, project management, communication, and negotiation skills
- Ability to perform well under pressure in a demanding environment managing multiple tasks at the same time
- Expertise in Microsoft Excel, Word, PowerPoint
Preferred qualifications, capabilities and skills
- Modeling skills in Excel (VBA), SQL, Tableau and Python a plus
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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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
