Join Risk Management and Compliance that is at the center of keeping JPMorgan Chase strong and resilient.

The Counterparty Risk team is a joint venture between Counterparty Credit Risk (CCR) and Market Risk, and the group is responsible for the identification, measurement, monitoring and analysis of CCR matters related to JPMorgan’s markets activities. This includes responsibilities for models, methodologies and infrastructure supporting the calculation of CCR exposures for capital calculation purposes and associated internal risk and capital management use cases.

As a Vice President in the Counterparty Risk team, you will play a crucial role in supporting the team's mandate across regulatory exams, IMM, ICAAP, CCR capital stress testing, and ongoing interactions with regulators. Your primary stakeholders will include the Chief Risk Officer and Chief Financial Officer teams in the main Europe, Middle East, and Africa (EMEA) Legal Entities, Capital Policy, Credit Officers, Quantitative Research and Model Governance teams, Technology partners, as well as relevant regulators in EMEA and globally.

Job responsibilities

• Contributes to the team’s efforts around regulatory examinations and interactions: prepares analysis and responses to regulators and participating in projects to remediate regulatory and/or audit findings
• Owns elements of quarterly IMM capital reporting to regulators and performs tasks related to the calculation of IMM EADs
• Supports 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
• Coordinates with technology partners to implement new processes and release testing
• Supports the firm’s processes relating to model change notification requirements
• Establishes strong working relationship with stakeholders
• Is aware of baseline CCR risk and capital concentrations, trends, stress behavior, and impacts on limits/risk appetite

Required qualifications, capabilities, and skills

• Substantial relevant experience in the fields of Counterparty Risk or Market Risk
• Bachelor’s degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
• Experience in interacting with regulators
• Good understanding of Derivatives (bilateral and cleared), Futures and Options, Margin Lending and Securities Financing products
• Understanding of quantitative concepts relating to CCR exposures, Potential future exposure (PFE), risk sensitivity and stress testing across asset classes
• Experience in analyzing and evaluating regulatory rules and guidance, assessments of compliance and gap analysis in a cross-functional context
• Experience with concepts such as wrong-way risk and risk appetite
• 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 internal and external stakeholders
• Experience of working in service-level agreement (SLA) driven environments with the ability to manage upstream and downstream dependencies

Preferred qualifications, capabilities and skills

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