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CCIC – Counterparty Credit Infra and Capital – Associate

JPMorgan Chase

This is a Full-time position in Plano, TX posted April 10, 2021.

CCIC partners widely, and in particular with: Credit Officers, Capital & Liquidity Management, Quantitative Research, Model Review & Governance, Markets sales and trading, Credit Portfolio Group, Collateral Management, Treasury, and various Technology and Operation teams.

The team is seeking an enthusiastic hands on counterparty credit risk analyst with an understanding of counterparty credit risk and capital metrics (PFE, EAD, PD, LGD, RWA etc.) to assist the broader team.**Responsibility**
• Act as a specialist upon Counterparty Credit risk calculations
• Analyze, investigate and explain derivative exposure variances and changes (both with regards to PFE and EAD/RWA).

Work with business, credit officers, and technology to determine drivers of unexplained variances
• Continuously improve subject matter expertise counterparty credit risk calculations in the derivatives business areas, as well as related to capital regulations (e.g.

Basel III, IMM, SA-CCR) and JPM’s compliance with regulatory requirements
• Develop and perform data analytics on counterparty credit exposures for insights into exposure & capital drivers.

Perform ad-hoc quantitative impact analysis on the firm’s exposures / RWA; as well as assisting with stress-testing requirements
• Work with business partners including line of business, risk management, collateral management, treasury, and data and calculation technology teams to ensure exposure calculations are as per regulatory and internal guidance
• Work closely with modeling teams on new model implementations and model updates.

Assess impact of changes and communicate concisely to capital teams and other stakeholders
• Understand challenges and gaps in monthly and quarterly production processes.

Document and lead remediation of identified technology and data gaps
• Navigate through large organization to streamline and summarize multiple information points; create repeatable process to build consistency in presenting information**Qualifications:**
• Must be highly numerate, very good with Excel, and have prior experience of working in a quantitative or analytical role that covered complex structures and their risks.

Relevant experience may have been gained in credit or market risk management, or a derivatives front or middle office area for example
• Excellent written and verbal communication skills.

Must be articulate, and be able to explain 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 time management skills and comfort with dynamically shifting priorities, timelines, and demands
• Experience with trading products, spanning derivatives across major asset classes (IR, FX, equities, credit derivatives, commodities, etc.) and securities/repos is desirable, as is experience with forward looking counterparty risk metrics, and Basel III CCR regulations related to EAD estimating methodologies (such as IMM, CEM/SA-CCR), and/or CCAR RWA stress testing requirements
• Strong sense of accountability and ownership of responsibilities, must be diligent, self-motivated.

Must be confident and commercial, and have the conviction to challenge and make a risk judgment, stick to it and be able to articulate why this is the case
• Appreciation of credit risk mitigants, knowledge of ISDA/CSA documentation, and mechanics of netting and collateral arrangements
• Programming skills / knowledge of Python, VBA, SQL is a plusJPMorgan 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.Equal Opportunity Employer/Disability/Veterans