Counterparty Risk team is the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business responsibly by anticipating new and emerging risks and using your expert judgment 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 Risk Legal Entity Vice President in Counterparty Risk team, you will be part of a joint venture between Counterparty Credit Risk (CCR) and Market Risk. You will be responsible for the identification, measurement, monitoring, and analysis of CCR matters related to JPMorgan's markets activities. This London-based role involves extending the team's oversight across CCR risk management, regulatory exams, ICAAP, and regulatory CCR stress testing, and ongoing interactions with regulators to additional legal entities. You will work closely with stakeholders such as the CRO, risk teams, Credit Officers, Quantitative Research and Model Governance teams, Technology partners, and relevant regulators globally.
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Job responsibilities
- Build and maintain CRR risk monitoring frameworks tailored to local legal entity needs
- Monitor baseline CCR risk and capital concentrations, trends, stress behavior, and impacts on limits/risk appetite
- Contribute to regulatory examinations and interactions: prepare analysis and responses to regulators and participate in projects to remediate regulatory and/or audit findings
- Support the team's inputs into ICAAP processes, including CCR capital stress testing, stress scenario design, and Pillar 2 approaches
- Establish strong working relationships with stakeholders
- Build and maintain CRR risk monitoring frameworks tailored to local legal entity needs
- Monitor baseline CCR risk and capital concentrations, trends, stress behavior, and impacts on limits/risk appetite
- Contribute to regulatory examinations and interactions: prepare analysis and responses to regulators and participate in projects to remediate regulatory and/or audit findings
- Support the team's inputs into ICAAP processes, including CCR capital stress testing, stress scenario design, and Pillar 2 approaches
- Establish strong working relationships with stakeholders
Required qualifications, capabilities, and skills
- Significant experience in Counterparty Risk or Market Risk
- Experience in interacting with regulators
- Bachelor's degree in Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance, and/or Economics
- Experience in building and maintaining risk measurement and monitoring frameworks
- Good understanding of derivatives, Futures and Options, Margin Lending, and Securities Financing products
- Understanding of quantitative concepts relating to CCR exposures, PFE, risk sensitivity, and stress testing
- Programming skills in Python and visualization skills in Tableau
- Experience in analyzing regulatory rules and guidance, compliance assessments, and gap analysis
- Ability to communicate analysis results clearly and succinctly
- Experience in SLA-driven environments with the ability to manage dependencies
Preferred qualifications, capabilities, and skills
- Knowledge of capital rules for CCR (IMM and SA-CCR)
- Experience in ICAAP, Capital Management, or Regulatory Capital reporting
- Experience in Credit Risk, Trading, or Trading Middle Office functions
- Master's degree, CFA, CQF, or FRM designations
ABOUT US
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
ABOUT THE TEAM
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.