Job Responsibilities:
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Keeping abreast of industry initiatives around margin methodologies, providing insights on the impact on JPMorgan and enhancing transparency around emerging risks in the area
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Providing independent advice on counterparty credit exposure for new deals with complex structures or relatedness, including the explain and challenge of calculations by 1st line of defense
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Act as subject matter expert on counterparty credit exposure/risks, providing guidance to Credit Officers on material methodology releases or model limitations, and helping guide methodology and policy updates
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Work with QR, Technology, Credit Officers, and other stakeholders to continuously review and enhance exposure methodologies and tools
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Partnering with sales and trading on development and rollout of counterparty credit exposure framework for new products or structures where risk expertise is required
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Deliver on regulatory and audit matters as required
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Manage and contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements.
Required qualifications, capabilities, and skills:
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Bachelor’s degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
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Previous experience in a risk/trading/valuation control/quantitative research role, challenging and partnering with Front-Office
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Proficient with MS Excel, familiar with Bloomberg
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Proficiency in coding (Python) and automation intelligent solutions, like Tableau and Alteryx, would be beneficial
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Good written and verbal communication skills: the candidate must be articulate and 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
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Strong sense of accountability and ownership: must be diligent, self-motivated and get the work done; have a risk mind-set, and be confident to make a risk judgment, articulate it, and challenge it.
Preferred qualifications, capabilities, and skills
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Prior experience of Market and/or counterparty Credit risk experience focusing on margin, collateral or exposure metrics would be preferrable; strong candidates with other backgrounds would also be considered
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Good knowledge of traded products, spanning derivatives (across asset classes), securities and financing
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Working knowledge of JPM systems and infrastructure will be a strong advantage.