Job description
DESCRIPTION:Duties: Develop counterparty credit risk calculations in the derivative business areas, capital regulations, and JPMC's compliance with regulatory requirements. Develop and perform data analytics on counterparty credit exposures for insights into exposure and capital drivers. Perform ad-hoc quantitative impact analysis on the firm's exposures, as well as assist with quarterly stress-testing requirements. Analyze, investigate and explain derivative exposure variances and changes. Work with businesses, credit officers, and technology to determine drivers of unexplained variances. Work closely with modeling teams on new model implementations and model updates. Assess impact of changes and communicate concisely to capital teams and other stakeholders. Work with business partners including line of business, risk management, collateral management, treasury, and data and calculation technology teams to ensure exposure calculations are as per regulatory and internal guidance. Understand challenges and gaps in monthly and quarterly production processes. Document and lead remediation of identified technology and data gaps. Navigate through large organization to streamline and summarize multiple information points and create repeatable process to build consistency in presenting information. Telecommuting permitted up to 40% of the week.
QUALIFICATIONS:
Minimum education and experience required: Master's Degree in Economics, Business, Finance, Risk Management or related field of study plus three (3) years of experience in the job offered or three (3) years of experience as a Credit Risk Analyst, Credit Counselor, Financial Analyst, or related occupation. The employer will alternatively accept a Bachelor's Degree in Economics, Business, Finance, Risk Management or related field of study plus five (5) years of experience in the job offered or five (5) years of experience as a Credit Risk Analyst, Credit Counselor, Financial Analyst, or related occupation.
Skills Required: Requires experience in the following: Basel III; Internal Models Methodology (IMM); Standardized Approach on Counterparty Credit Risk (SA-CCR); Exposure at Default; Risk-Weighted Assets; and Python.
Job Location: 8181 Communications Parkway, Plano, TX 75024. . Telecommuting permitted up to 40% of the week.
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.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
Equal Opportunity Employer/Disability/Veterans
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