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CIB Risk - Credit Risk - SIMM Management - Analyst/Associate - NY

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.

Credit Risk – SIMM Management Associate 

The SIMM Management function is a new role within the Collateral Risk Management team that will focus on the new requirements resulting from the non-cleared derivatives the margining rules. Under the non-cleared derivatives margining rules, we have input to the industry-wide forums set-up by ISDA. The SIMM Management Associate will be responsible for the following tasks. 

  • Interface with Crowdsourcing Utility, Collateral Hub and counterparties to resolve IM discrepancies

  • Assist in crowdsourcing related functions

  • Assist in determining key drivers of IM requirements as well as understanding counterparty IM calculations

  • Assist in ongoing back-testing and benchmarking functions

  • Assist in the what-if analysis, funding impact studies and capital impact caused by disputes

  • Assist in the determination of model shocks and correlation matrices for model calibration

  • Become a subject matter expert on local regulations related to non-cleared margin and collateral

  • Minimum of 3 years of experience

  • Strong organizational and project management skills

  • Strong verbal and written communication skills required

  • Solid knowledge base of OTC Derivatives

  • Basic understanding of VaRmodels

  • Basic knowledge of pricing models  and market data

  • Knowledge of Dodd-Frank regulatory reform is a plus

  • Experience in credit risk, market risk, trading or trading middle-office functions is a plus

  • Comfortable with large data set handling and proficient user of excel

Req #: 160040257
Location: New York, NY US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: US Dollar (USD)

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