Credit Risk Measurement and Analytics - Associate

JOB 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.

As an Associate in the Credit Risk Measurement and Analytics (CRMA) team, you will be part of the team managing credit risk oversight of marketable-securities-backed lending programs, capital markets activities, derivative programs, and principal market risk for the Global Private Bank (GPB) and Wealth Management (WM). We also manage associated risk measurement and stress testing frameworks, which include (a) methods to establish collateral requirements to secure credit exposure; and (b) stress testing for sufficient collateral, establishing reserves; and measuring risk appetite. Our key stakeholders include the Risk organization, Lending & Trading Solutions providers, Lenders, Investors and Finance. You will be expected to develop expert knowledge of global financial markets, market and credit risk management frameworks, risk analytics, and WM’s lending solutions and derivatives businesses. If you possess an entrepreneurial mindset, are comfortable working at the fast pace of markets, see ambiguity as an opportunity, and go the extra step to find the best solution, this opportunity may be a right fit for you.

Job responsibilities
• Provide Lending Value (Margin Requirement) Coverage; Support front-office investment and lending decision makers in understanding CRMA’s methodologies; Cover designated regions and product desks as methodologies expert; 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
• 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; Support senior CRMA members in event driven risk reviews; Present analyses and recommendations to CRMA leadership, and risk management & front-office decision-making forums
• Support product coverage of loans secured by marketable securities; Analyze market risk and liquidity profiles of collateral; Review credit profiles of clients; Understand client strategies
• Partner with business and support teams to evaluate results of established stress testing; Produce stress testing deliverables as required; Support and produce ad-hoc (event-driven) stress testing; Partner with global front-office, risk management, and support teams in periodic production of global regulatory deliverables (e.g., Comprehensive Capital Analysis and Review); Support senior CRMA team members with periodic evaluations of risk appetite; Support CRMA leadership with market risk oversight, limit monitoring, and limit construction for new initiatives
• 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; 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; Support CRMA leadership with designing control frameworks, document related guidelines & execute implementation with business partners
• Support CRMA leadership in operational uplifts; Lead data research projects to design new architectures to unlock new information; Lead reporting and metric design to create new information capabilities

Required qualifications, capabilities, and skills
• Minimum of a Bachelor’s degree in Finance, Risk Management or a related discipline
• At least 2 years of experience in a credit analysis, technical, trading, or research-oriented role
• Broad financial product knowledge
• Practical knowledge of Python and associated data analytics packages in a professional environment
• Practical knowledge of Tableau, or other Business Intelligence (BI) / Data Visualization Tools, and Microsoft office suite (Excel/PowerPoint/Word)
• Excellent communication and interpersonal skills
• Good team player, and high sense of ownership

Preferred qualifications, capabilities, and skills
• Graduate degree a plus
• Academic background/concentrations in, or professional experience with, financial mathematics, quantitative risk methodologies, financial engineering, and/or data science
• Demonstrated experience with Lending Value, CRSS, Gauss, Athena, and MaRRS systems & analytics
• Professional experience in credit risk management, market risk management, derivatives, or hedging strategies a plus

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 Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.