Job Description

:

Counterparty Risk - Associate - Mumbai



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.

Counterparty Risk is a newly-created joint venture between Counterparty Credit Risk (CCR) and Market Risk, and the group is responsible for the identification, measurement, monitoring and analysis of the CCR and contingent risk matters related to JPMorgan's counterparty portfolio and markets. One of the areas covered by the Counterparty Portfolio Risk Management team within Counterparty Risk is the responsibility for models, methodologies and infrastructure supporting the calculation of CCR exposures for capital calculation purposes and associated internal risk and capital management use cases at the legal entity level.

This Mumbai based Associate role supports the team's mandate across IMM, ICAAP, CCR capital stress testing and implementations of SA-CCR in EMEA. Primary stakeholders include the CRO and CFO teams in the main EMEA legal entities, Capital Policy, Credit Officers, Quantitative Research and Model Governance teams, Technology partners, as well as relevant regulators (Bank of England/PRA and ECB/BaFin/Bundesbank).

You will be responsible for:

• Performing tasks related to the calculation of IMM EADs (variance and trend analysis, investigations)

• Owning elements of quarterly IMM capital reporting to regulators

• Supporting the team's inputs into ICAAP processes which includes developing an understanding of, or owning elements of, CCR capital stress testing, stress scenario design, Normative vs Economic ICAAP views and Pillar 2 approaches

• Coordinating with technology partners to implement new processes and release testing

• Supporting the firm's processes relating to model change notification requirements

• Establishing a strong working relationship with stakeholders

• Awareness of baseline CCR capital concentrations, trends, stress behavior, and impacts on limits/risk appetite

• Contributing to the team's efforts around regulatory examinations and interactions: preparing analysis and responses to regulators and participating in projects to remediate regulatory and/or audit findings

Minimum Skills, Experience and Qualifications

We are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role.

• Bachelor's degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
• Good understanding of derivatives (bilateral and cleared), Futures, Options and financial markets
• Understanding of quantitative concepts relating to CCR exposures, risk sensitivity and stress testing
• Ability to communicate results of analysis or underlying risk concepts clearly and succinctly. Good written and verbal communication skills, with the ability to articulate analysis to stakeholders
• Experience in designing, documenting, and implementing control frameworks for BAU tasks (SOPs)
• Experience of working in SLA driven environments with the ability to manage upstream and downstream dependencies
• Adept with Excel and PowerPoint

Additional Skills, Experience and Qualifications

• Knowledge of capital rules for CCR (IMM and SA-CCR) strongly preferred
• Experience in the fields of ICAAP, Capital Management or Regulatory Capital reporting strongly preferred
• Programming skills (NumPy library in Python, debugging script, ability to code in Core Python Athena Visual Studio) and visualisation skills (Tableau) are of advantage to assist with analysis of large data sets
• Experience in Credit, Trading or Trading middle office functions
• Master's degree, CFA, CQF or FRM designations

About Us

Across JPMorgan Chase, we serve millions of customers and many of the world's most prominent corporate and government clients. Our mission is to build a stronger, more equitable economy, and we strive to make a positive impact everyday with our customers in their communities. We are proud of our reputation as one of the world's most admired companies and we know that it's our people who make us successful. We are committed to a diverse and inclusive workplace where our employees are welcomed, valued and able to bring their authentic selves and best work forward.

About Us:

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.

About the Team: 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. We also take great pride in on our commitment to operating with integrity and discipline in all that we do. If you are a team player, are solutions-oriented and have an appetite for learning, you'll be a great fit for our team.