Job Responsibilities:
Keeping abreast of industry initiatives around margin methodologies, providing insights on the impact on JPMorgan and enhancing transparency around emerging risks in the area
Providing independent advice on counterparty credit exposure for new deals with complex structures or relatedness, including the explain and challenge of calculations by 1st line of defense
Act as subject matter expert on counterparty credit exposure/risks, providing guidance to Credit Officers on material methodology releases or model limitations, and helping guide methodology and policy updates
Work with QR, Technology, Credit Officers, and other stakeholders to continuously review and enhance exposure methodologies and tools
Partnering with sales and trading on development and rollout of counterparty credit exposure framework for new products or structures where risk expertise is required
Deliver on regulatory and audit matters as required
Manage and contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements.
Required qualifications, capabilities, and skills:
Bachelor’s degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
Previous experience in a risk/trading/valuation control/quantitative research role, challenging and partnering with Front-Office
Proficient with MS Excel, familiar with Bloomberg
Proficiency in coding (Python) and automation intelligent solutions, like Tableau and Alteryx, would be beneficial
Good written and verbal communication skills: the candidate must be articulate and able to explain 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: must be diligent, self-motivated and get the work done; have a risk mind-set, and be confident to make a risk judgment, articulate it, and challenge it.
Preferred qualifications, capabilities, and skills
Prior experience of Market and/or counterparty Credit risk experience focusing on margin, collateral or exposure metrics would be preferrable; strong candidates with other backgrounds would also be considered
Good knowledge of traded products, spanning derivatives (across asset classes), securities and financing
Working knowledge of JPM systems and infrastructure will be a strong advantage.