Apply Now    

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)

Apply Now    

Join our Talent Community

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Join Now

Privacy Statement

Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices.

Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.

The firm invites all interested and qualified candidates to apply for employment opportunities.

Need disability related assistance?

If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please contact us by calling (US and Canada Only) 1-866-777-4690. Please indicate the specifics of the assistance needed.

Keep in touch

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.