Job Description

Job Description

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
Proficiency with MS Excel, familiarity with Bloomberg
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
Adept at using LLM capabilities to drive efficiency
Understanding of concepts relating to CCR exposures, PFE, wrong-way risk, risk sensitivity and stress testing across asset classes
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

Prior experience in market and/or counterparty credit risk, particularly with a focus on margin, collateral, or exposure metrics, is preferred; strong candidates from other backgrounds will also be considered
Knowledge of capital rules for CCR (IMM and SA-CCR) preferred
Experience in ICAAP, capital management, or regulatory capital reporting is strongly preferred

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 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.

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.

Counterparty Credit Risk Analyst/Associate