What are the responsibilities and job description for the Risk Management - Counterparty Credit Risk - Vice President position at JPMorgan Chase?
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities.
As a Vice President in Counterparty Credit Risk within Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help us grow our business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
Counterparty Credit Risk is an independent risk organization within Wholesale Credit Risk, covering OTC Derivatives (cleared and non-cleared), Futures and Options, Securities Financing and Securities Prime Services, CCPs and Commodities at a counterparty level. Overall group responsibilities include, but are not limited to, Counterparty Risk Measurement, monitoring (and escalating as appropriate) of those risks/exposures, ad hoc risk investigations and analyses for credit officers, sales and senior management, Assessment of CSA terms adequacy, determination of initial margin requirements including corresponding eligible collateral and valuations where applicable, ownership and maintenance of all credit exposure metrics (continuous adequacy assessment), all related exposure calculation/reporting engines and their development agendas and priorities.
Job Responsibilities
- Drive outcomes in identifying, analyzing, monitoring, and reporting on inherent risks within counterparty exposures for material hedge fund clients
- Formulate in-depth knowledge of the top hedge fund clients and develop views around product risk appetite and be able to review and challenge business stakeholders’ risk related questions
- Work with QR, Technology, Credit Officer and other stakeholders to continuously review and enhance exposure methodologies and tools, as required pertaining to coverage of the material hedge fund clients
- Manage and contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements
- Work closely with CCR regional coverage teams and Front Office/Credit Risk/Operations team to review client requests (e.g., margin, limits, etc) for new and existing clients to the platform
- Contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements
Required qualifications, capabilities and skills
- Minimum of 5 years in risk management/quantitative financing/trading fields
- In-depth understanding of counterparty/liquidity/market risk originated from Equity prime brokerage, Futures and Options and OTC cleared and bilateral derivatives products across asset classes (Equity, IR, Credit, FX and Commodities)
- Self-starter, relies on limited guidance for most complex decision making
- Strong problem-solving abilities with the capability to challenge status quo, looking for ways to do things more efficiently and effectively.
- Confident and commercially-minded, with the conviction to challenge, make calculated risk judgments, stand by them and clearly communicate the rationale.
- Excellent written and verbal communication skills. Must be articulate in explaining technical concepts to non-specialists. Able to adjust communication style for a variety of situations and be able to hold their ground as required
- Strong sense of accountability and ownership of responsibilities. Must be diligent and self-motivated
- Strong organizational, control, project management, communication, and negotiation skills
- Ability to perform well under pressure in a demanding environment managing multiple tasks at the same time
- Expertise in Microsoft Excel, Word, PowerPoint
Preferred qualifications, capabilities and skills
- Modeling skills in Excel (VBA), SQL, Tableau and Python a plus
