Counterparty Risk [Multiple Positions Available]
JPMorganChase
Plano, TX, USA
Duties: Measure and manage counterparty credit risk generated from trading activities across all asset classes, product, and clients. Assists in managing strategic analytics, infrastructure, and methodology for counterparty credit risk management. Monitoring exposure and identifying concentrated risk positions. Provide credit exposure and stress analysis, supporting credit officer on daily risk management. Assist in developing solutions to perform quantitative risk analyses on client portfolios or individual trades, analyze trading strategies, developing statistical models, and perform portfolio simulations. Provide updates and risk summaries to senior risk management. Participate on model development and review process. Facilitate stress testing exercise for both internal and external purposes, such as CCAR, Climate Risk, and EBA. Investigate data quality remediation and implement control management counterparty credit risk metrics.
QUALIFICATIONS:
Minimum education and experience required: Bachelor's degree in Electronic Engineering, Finance, Economics, Mathematics, Technology or related field of study plus 7 years (84 months) of experience in the job offered or as Counterparty Risk Lead, Risk & Finance Technology, Software engineer, or related occupation. The employer will alternatively accept a Master's degree in Electronic Engineering, Finance, Economics, Mathematics, Technology or related field of study plus 5 years (60 months) of experience in the job offered or as Counterparty Risk Lead, Risk & Finance Technology, Software engineer, or related occupation.
Skills Required: This position requires experience with the following: Monitoring portfolio risk metrics including Stress Exposure, Concentration Exposure, Potential future Exposure, Settlement Exposure, and Wrong Way Risk to ensure compliance with prescribed thresholds and tolerances using risk sensitivities including delta, vega, and gamma of a derivative pricing, traded financial products including futures and options, and Security Financing Transactions; Connecting market events to portfolio risks by conduct ad- hoc deep-dives on market themes, concentrated risks, exposure trends, and client positioning to evaluate potential emerging risks and identify risk management strategies; Evaluating Initial Margin and Variation Margin calculations; Determining client margin calls based on collateral and regulatory margin models; Executing and analyzing mandatory regulatory stress testing and capital adequacy submissions including CCAR, ICAAP, and RWA Capital for counterparty credit risk; Developing user tools and dashboard reporting capabilities with coding and data visualization tools including Python, Tableau, SQL, Alteryx, Business Objects, and ThoughtSpot to prepare analysis for regulatory and management requests on counterparty risks and stress; Developing and managing counterparty credit risk methodologies, models, and infrastructure including constructing technology delivery plans across multiple workstreams in excess of 20 technology resources; Conducting analysis to identify root causes and provide resolution for data quality items using Data Lineage, Data Governance, Risk, Controls, or Compliance.
Job Location: 8181 Communications Pkwy, Plano, TX 75024.
Full-Time.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.
Measure and manage counterparty credit risk generated from trading activities across all asset classes, product, and clients.