Credit Risk Measurement & Analytics - Associate

Posting Description

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.

Wealth Management Credit Risk Measurement and Analytics (CRMA) oversees frameworks associated with risk measurement of marketable securities pledged to secure loans and market risk of derivatives offered to clients. Frameworks include (a) methods to establish collateral requirements to secure credit exposure; and (b) stress testing for sufficient collateral, establishing reserves; and measuring risk appetite. CRMA's key stakeholders include the Risk organization; Lenders, Investors and Finance.

CRMA operates a globally delegated coverage model with team members and partner teams located in North America, EMEA, and APAC. The team has a culture of actively managing risk that is client focused, through intelligent and proactive risk measurement, adhering to the highest standards and best practices in the industry. A CRMA Associate will be expected to develop expert knowledge of global financial markets, market & credit risk management frameworks, risk analytics, and WM's lending solutions and derivatives businesses. A successful candidate will possess an entrepreneurial mindset, be comfortable working at the fast pace of markets, see ambiguity as an opportunity, and go the extra step to find the best solution.

Job Responsibilities

Lending Value (Margin Requirement) Coverage:

• Support deal process through construction of lending values for new or complex asset classes, deal structures, and strategies
• Partner with Quantitative Research ("QR") to review, assess, and recommend monthly Lending Value Changes and communicate to Chief Risk Officers, Global & Regional Lending leads and heads of business
• Support front-office investment and lending decision makers in understanding CRMA's methodologies; Cover designated regions and product desks as methodologies expert

Surveillance

• Understand client strategies
• Support CRMA leadership with market risk oversight, limit monitoring, and limit construction for new initiatives
• Review credit profiles of clients
• Support senior CRMA members in event driven risk reviews
• Monitor global markets
• Become an expert on global market dynamics, risk scenario construction, and interpretation
• Analyze impact of events to lending values, margin requirements, and clients
• Produce oversight analytics & reporting, as needed
• Present analyses and recommendations to CRMA leadership, and risk management & front-office decision-making forums
• Analyze market risk and liquidity profiles of collateral
• Support product coverage of loans secured by marketable securities

Stress Testing

• Support senior CRMA team members with periodic evaluations of risk appetite
• Partner with global front-office, risk management, and support teams in periodic production of global regulatory deliverables (e.g. Comprehensive Capital Analysis and Review)
• Produce stress testing deliverables as required
• Support and produce ad-hoc stress testing
• Partner with business and support teams to evaluate results of established stress testing

Methodologies & Analytics

• Support CRMA leadership with designing control frameworks, document related guidelines & execute implementation with business partners
• Partner with firmwide QR and front-office teams to review and challenge existing models, assumptions, and analytics associated with stress test production
• Partner with firmwide QR, credit risk, and front-office teams to enhance existing and new analytic tools
• Partner with QR, credit risk, and front-office teams to develop and review models, methodologies, and assumptions for Lending Value / Initial Margin for clients' securities / derivatives activity

Innovation

• Lead reporting and metric design to create new information capabilities
• Support CRMA leadership in operational uplifts
• Lead data research projects to design new architectures to unlock new information

Required Qualifications, Skills And Capabilities

• Practical knowledge of Python and associated data analytics packages (preferably in a professional environment)
• Academic background in, or professional experience with, financial mathematics, quantitative risk methodologies, and/or data science
• Undergraduate degree required, concentrations in technical disciplines preferred; Graduate degree, or professional designations a plus
• Excellent communication and interpersonal skills
• Good team player, and high sense of ownership
• Practical knowledge of Microsoft office suite (Excel/PowerPoint/Word)
• Practical knowledge of Tableau or other Business Intelligence (BI) / Data Visualization Tools
• Broad financial product knowledge required, professional experience in credit risk management, market risk management, or with derivatives a plus
• 3+ years in an analytical, technical, trading, or research-orientedrole

JPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be 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.

Equal Opportunity Employer/Disability/Veterans

Base Pay/Salary

New York,NY $90,250.00 - $150,000.00 / year