Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view. Counterparty Credit Risk (CCR) team, part of Wholesale Credit Risk, is responsible for measuring counterparty exposures, conducting ad-hoc risk investigations and analyses in partnership with credit officers, assessing and negotiating CSA terms, determining initial margin requirements, and maintaining all credit exposure metrics. The team also leads regulatory and capital stress testing exercises (CCAR, EBA, ICAAP), monitors exposures at the JPM legal entity level, evaluates collateral pools for emerging risk themes, and provides credit coverage for clearing house counterparties, including regulatory advocacy.

As a member of the CCR EMEA Capital team, the Analyst/Associate will support CCR risk management, ICAAP execution, regulatory CCR stress testing with a focus on legal entities in EMEA.

Job Responsibilities

Monitor exposures for JPM legal entities in EMEA and provide explanations for significant exposure changes
Support the team's contributions to ICAAP processes, including capital stress testing, designing stress scenarios, and calculating capital add-ons (Pillar 2 assessment of risks not covered by Pillar 1)
Assist the team in completing regulator-mandated counterparty risk stress testing exercises
Monitor portfolio exposures against established thresholds for JPM legal entities in EMEA
Contribute to any thematic analysis in response to market events
Develop tools, as needed, to automate existing workflows
Participate in projects focused on key counterparty credit exposure metrics and technical enhancements
Collaborate with QR, Technology, Product, and other stakeholders to continuously review and improve exposure methodologies and tools
Support regulatory and audit requirements as needed

Required qualifications, capabilities, and skills

Bachelor's degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
Experience in designing and implementing AI/LLM driven solutions
Proficiency in Python programming and data visualization tools such as Tableau and Alteryx
Good understanding of derivatives (bilateral and cleared), Futures and Options, Margin Lending and Securities Financing products
Understanding of concepts relating to CCR exposures, PFE, wrong-way risk, risk sensitivity and stress testing across asset classes
Proficiency with MS Excel
Familiarity with Bloomberg
Strong written and verbal communication skills: able to clearly explain technical concepts to non-specialists, adapt communication style to different audiences, and assertively present and defend viewpoints when necessary
Strong sense of accountability and ownership: diligent, self-motivated, and results-oriented demonstrates a risk mindset and confidence in making, articulating, and challenging risk judgments

Preferred qualifications, capabilities, and skills

3-5 years of prior experience in market and/or counterparty credit risk
Knowledge of capital rules for CCR (IMM and SA-CCR) preferred
Experience in ICAAP/capital management is strongly preferred

Counterparty Credit Risk Associate