Job Description
DESCRIPTION:
Duties: Responsible for planning, prioritization, and development of Counterparty Risk technology platforms and solutions. Conduct end-to-end delivery for counterparty credit initiatives as it relates to various work streams such as gross market concentration and comprehensive capital annual review stress testing. Conduct counter party gross exposure analysis, stress testing, and improve comprehensive capital annual review and business as usual stress processes. Calculate credit value adjustment reserves for stress market conditions. Facilitate and prepare for regulatory reviews. Collaborate and coordinate with bank groups such as Market Risk, Credit Officers, and Technology to implement strategic designs and accuracy of transaction data. Work with other teams to stabilize resilient systems for counterparty credit exposures and monitor exposures for derivatives. Support counterparty risk management.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Enterprise Risk Management, Quantitative Finance, Mathematics, Finance, or related field of study plus 1 year of experience in the job offered or as Risk Associate, Quantitative Research Analyst, Credit Risk Analyst, or related occupation. The employer will alternatively accept a Bachelor's degree in Enterprise Risk Management, Quantitative Finance, Mathematics, Finance, or related field of study plus 3 years of experience in the job offered or as Risk Associate, Quantitative Research Analyst, Credit Risk Analyst, or related occupation.
Skills Required: This position requires experience with the following: Derivative pricing; Derivative risk measures delta, gamma, and Vega; Calculation and explanation of Counterparty credit risk exposures; Calculation and explanation of credit value adjustment; and Python.
Job Location: 8181 Communications Pkwy., Plano, TX 75024.
About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
