Risk Associate

4 days ago


mumbai, India JPMorgan Chase & Co. Full time

Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view.

As a Risk Associate - CCR within Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help us grow our 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 is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.

Counterparty Credit Risk is an independent risk organization within Wholesale Credit Risk, which cover OTC Derivatives (cleared and non-cleared), Futures and Options, Securities financing, and Securities Prime Services, CCPs and Commodities at a counterparty level. Overall group responsibilities include, but are not limited to Counterparty Risk Measurement, Monitoring (and escalating as appropriate) of those risks/exposures, Ad hoc risk investigations and analyses for credit officers, sales and senior management, Assessment of CSA terms adequacy, Determination of initial margin requirements including corresponding eligible collateral and valuations where applicable, Ownership and maintenance of all credit exposure metrics (continuous adequacy assessment), All related exposure calculation/reporting engines and their development agendas and priorities

Job responsibilities

Assess exposures and trade level margin requirements based on developed knowledge of Product Level risk sensitivities and trade inputs Comprehensive knowledge of portfolio and client level risk management to act as a subject matter expert on counterparty credit exposure/risks  Work with QR, Technology, Credit Officer and other stakeholders to continuously review and enhance exposure methodologies and tools Manage and contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements Responsible for driving outcomes in identifying, analyzing, monitoring, and reporting on inherent risks within counterparty exposures, self-starter Formulate views around product risk appetite and be able to review and challenge business stakeholders’ risk related questions Work closely with Front Office/Credit Risk/Operations team to size and evaluate appropriate execution and clearing limits for new and existing clients to the platform Contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements

Required qualifications, capabilities, and skills

2-5 years in risk management/quantitative financing/trading fields Good working knowledge of Exchange Traded Derivatives (ETD), Options, FX products (Spot, Forwards), OTC Derivatives products across different asset classes Exemplifies a strong ability to work efficiently and closely with others in a team Expertise in Microsoft Excel, Word, PowerPoint  Strong organizational, control, project management, communication, and negotiation skills Ability to work independently with limited guidance

Preferred qualifications, skills, and capabilities

Experience assessing exposures and margin requirements of derivative trades and portfolios  Modeling skills in Excel (VBA), SQL, Tableau and Python a plus Strong sense of accountability and ownership of responsibilities. Must be diligent and self-motivated Strong problem-solving abilities with the capability to challenge status quo, seek ways to do things more efficiently and effectively Highly confident and commercial - possess conviction to challenge and make a risk judgment, stick to it and be able to articulate reasoning behind it Excellent written and verbal communication skills - must be articulate and have ability to explain technical concepts to non-specialists; ability to adjust communication style for a variety of situations and be able to defend your stance, as needed
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