Counterparty Risk Director
J.P. Morgan
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.
As a Counterparty Risk Director in Risk department you will be covering risk and margin assessment across Hedge Fund, Corporate and Institutional Investors and various asset types and strategies. The ideal candidate will be risk minded, a team player, decisive, an effective communicator (both written and verbal) and comfortable with quantitative measures of risk which include statistical and non-statistical methodologies to evaluate margins on a client, portfolio and trade level basis. This is an excellent opportunity to work in a fast paced environment with great exposure to Credit Officers, Sales and Trading and Market Risk colleagues as well as visibility by Senior Credit Risk Management. As part of 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.
Job responsibilities
- Work with QR, Technology, Credit Officers and other stakeholders to continuously review and enhance exposure methodologies and tools
- Act as subject matter expert on counterparty credit exposure/risks, providing guidance and training to Credit Officers on material methodology releases or model limitations, and helping guide methodology and policy updates
- Manage and contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements
- Be responsible for driving outcomes in identifying, analyzing, monitoring, and reporting on inherent risks within counterparty exposures, self-starter
- Formulate views around product risk appetite and be able to review and challenge business stakeholders’ risk related questions
- Work closely with Front Office/Credit Risk/Operations team to size and evaluate appropriate execution and clearing limits for new and existing clients to the platform
- Contribute to firm-wide projects around key counterparty credit exposure metrics and technical enhancements.
Required qualifications, skills and capabilities
- Extensive work experience in risk management/quantitative financing/trading fields
- Good working knowledge of Exchange Traded Derivatives (ETD), Options, FX products (Spot, Forwards), OTC Derivatives products across different asset classes
- Exemplifies a strong ability to work efficiently and closely with others in a team
- Expertise in Microsoft Excel, Word, PowerPoint (python/tableau is a plus)
- Strong organizational, control, project management, communication, and negotiation skills
- Ability to work independently with limited guidance.
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient.
