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CIB - Counterparty Credit Infrastructure & Capital - Associate

Job Description

JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. The firm is a leader in investment banking, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.
Counterparty Credit Infrastructure and Capital (CCIC) is a global private side group with a presence in New York, London and Asia, and is part of CIB Credit Risk. CCIC has a wide range of responsibilities across derivatives and other traded products, including credit exposure infrastructure, tools and methodology, analysis of exposure and XVA for complex transactions, stress testing, wrong way risk, advanced regulatory capital models and counterparty risk data governance.
The team partners widely, and in particular with Credit Officers, Regulatory Capital Management Office, Quantitative Research, Model Review & Governance, Markets sales and trading, Credit Portfolio Group and Finance.
Counterparty Credit Infrastructure & Capital is seeking a New York-based Associate to support all aspects of Counterparty Credit Risk exposure methodology, infrastructure and stress testing for derivatives and other traded products. This role will also cover the firm’s CCAR/DFAST/ICAAP regulatory submissions as it relates to Counterparty Credit Risk.  Specifically, the candidate will be responsible for the below:
  • Support initiatives to develop exposure methodology and stress testing for the global counterparty credit portfolio of derivatives, securities financing and other traded products
  • Drive requirements and participate in testing of technology projects to improve exposure methodology, stress testing capabilities, and reporting functionality
  • Participate in the implementation of key controls over credit exposure results and the critical inputs driving exposures
  • Partner with Credit Risk Management and other key stakeholders to improve transparency, understanding and management of key counterparty credit risks
  • Facilitate regulatory requests, including knowledge sharing and provision of support to facilitate counterparty CCAR submission
  • 2 – 4 years of experience in Risk Management or in Stress Testing
  • Good knowledge of traded products and thorough understanding of quantitative concepts relating to credit exposure, risk sensitivity and stress testing
  • Strong sense of accountability and ownership of responsibilities, must be diligent, self-motivated and good at following up on issues
  • Excellent written and verbal communication skills, with the ability to articulate complex ideas to non-technical stakeholders and senior managers
  • Strong analytical and quantitative skills, must be very good with Excel with ability to summarize and interpret results from a large quantity of data
  • Excellent problem solving skills and ability to think creatively and offer solutions around tactical and strategic remediation
  • Strong time management skills and comfort with dynamically shifting priorities, timelines, and demands
  • Team player who can work well with colleagues of various levels, and in partnership with several other groups on a shared agenda
Req #: 180052420
Location: Brooklyn, NY US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: 0 US Dollar (USD)

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