What are the responsibilities and job description for the Wholesale Credit Risk Management - Counterparty Risk - Vice President position at JPMorgan Chase?
Bring your expertise to JPMorganChase. 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. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in- class.
As a Counterparty Vice President on the Quantitative Research (QR) Wholesale Credit team, you will be responsible for Counterparty Credit Risk (CCR) coverage in the newly formed CCR QR team, with a particular focus on central counterparty (CCP) Credit Risk.
Job Responsibilities
- Serve as a subject matter expert for CCP quantitative related issues.
- Create and maintain models and tools in Athenas/Python to assess adequacy of CCP margin requirements of cleared derivatives.
- Develop models and tools to support the evaluation of the efficacy of risk frameworks.
- Develop statistical models and tools for the assessment and management of counterparty credit risk.
- Design and implemen software framework for counterparty credit risk in Python, delivering results through dashboards.
- Partner with control teams for ongoing model and risk governance.
- Engage tech partners to deploy the models to Credit Officer’s desktops.
Required Qualifications, Capabilities and Skills
- Minimum of Masters degree in a quantitative discipline
- 5 years of experience in Wholesale Credit Risk, Counterparty Risk, Quantitative Research, Quantitative Strategy or similar area
- Substantial experience with Python or C
- Solid understanding of cleared products, risk management methodologies (VAR and stress testing) across all asset classes
- Strong communication/partnership skills and attention to detail - ability to clearly and logically articulate information, both verbally and in writing
- Strong risk and control mindset
- Ability to deliver on multiple time sensitive timelines
Required Qualifications, Capabilities and Skills
- Prior experience with technical writing
