Crsm Associate

CRSM - Counterparty Risk, Stress & Margin (Associate )

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.

The Counterparty Risk Stress and Margin team ("CRSM") within CIB organization is a global private side group and works to measure and manage the risk generated from trading activities with JP Morgan clients across all asset classes, products, and client types. Clients are primarily Hedge Funds and traditional Asset Managers but also include Banks and Broker Dealers, Insurance Companies, Pensions and Corporates. Asset classes include equities, rates, FX, credit and commodities. Products range from vanilla FX to securities financing transactions to structured credit. The team is also responsible for risk decisions around collateral/margining of the derivatives portfolio - including asset eligibility, haircuts, enforceability, CSA negotiation, and identification of concentrations/relatedness as well as coordinating liquidation of collateral in close-outs..

**Minimum Skills, Experience and Qualifications
- Perform quantitative risk analyses on client portfolios or individual trades, analyze trading strategies, developing statistical models, and perform portfolio simulations.
- Monitor exposures, identify concentrated or concerning risk positions, and escalate appropriately.
- Understand margining methodologies, conduct benchmarking analysis, and engage senior traders to understand trade and market dynamics.
- Understand and enhance stress methodologies in line with market movements for different underlying across asset classes.
- Establish a strong presence with stakeholders, including Credit Officers, Sales/Trading, In-Business Risk teams and Senior Management.
- Monitor markets and geopolitical developments and assess impact on client portfolios.
- Work with Credit Officers, the CIB businesses and its clients, and regulators to highlight and summarize risks.
- Identify notable trends and material changes in client portfolios and across products and businesses.
- Manage responses to bespoke client requests on the firm's initial margin methodologies.
- Understand firm's Initial Margin Methodologies to be able to suggest appropriateness of margin or relevant compensating measures.
- Understand Uncleared Margin Rules and CRSM Policy, Standards and Guidelines to implement during various risk analysis.
- Good understanding of derivatives (Cleared and OTC swaps), Futures, Options and financial markets.
- Bachelor's degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics.
- Good understanding of valuation models and the various parameters and conditions affecting these products.
- 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
- Adept with Excel and familiarity with Bloomberg.

**Additional Skills, Experience and Qualifications**

The following additional items will be considered but are not required for this role
- 1-3 years of experience working at a financial institution in a market or credit risk role or in a trading capacity or in a role with a focus on derivatives clearing and F&O exchange traded products and/or a focus in Rates markets.
- Knowledge of risk management including VaR, scenario analysis and stress testing including providing solutions with advanced debugging skills in python.
- Knowledge of Dodd-Frank regulatory reform, SIMM, VaR or other initial margin methodologies.
- Knowledge of trading products, spanning derivatives on the major asset classes (interest rates, equities, credit, commodities, FX) and repos, including exotic structures on these.
- Good understanding of quantitative concepts relating to credit exposure, risk sensitivity and stress testing is desirable.
- Experience in Credit, Trading or Trading middle office functions.
- Master's degree, CFA, CQF or FRM designations are preferred.
- **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 f