APAC Counterparty Credit Risk - 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 APAC Counterparty Credit Risk team you will be responsible for counterparty risk monitoring (and escalating as appropriate) risks/exposures, ad hoc market risk analysis. You will be part of the team analyzing portfolio risks and responsible for analyzing market events and their impacts on clients spanning from Hedge Funds, Corporates, Financial Institutions etc. and their respective trading strategies e.g. basis, relative value, short sale, hedging etc. You will be part of the team determining Initial Margin requirements, and you will take ownership and maintenance of all credit exposure metrics, all related stress/exposure calculation and their development priorities. Counterparty credit risk is an independent risk organization within Wholesale Credit Risk, which covers over-the-counter (OTC) Derivatives (cleared and non-cleared), Futures and Options, Securities financing, and Securities Prime Services, Central Counterparties and Commodities at a counterparty level.
Job responsibilities

• Be responsible for assessing client portfolio risks and margin adequacy for Prime Brokerage, Clearing, OTC, Sec Financing business within the Corporate and Investment Bank
• Monitor Market Risk events and their impacts on clients portfolio and strategies e.g. basis, relative value, short sale, hedging etc. for asset classes spanning from Equity, Rates, FX, Credit, Commodities, Crypto
• Act as a subject matter expert on counterparty credit exposure/risks providing comprehensive portfolio risk analysis and client level risk management
• Be responsible for fostering outcomes in identifying, analyzing, monitoring, and reporting on inherent risks/special strategy within counterparty exposures as well as portfolio or trade level margin requirements
• Work closely with Business/Credit Risk/Other stakeholders on new client/trade onboarding and evaluate appropriate risk mitigations
• Formulate views on risks and be able to review and challenge business stakeholders' risk related questions
• Manage and contribute to firm-wide projects around key counterparty credit exposure metrics and technical enhancements

Required qualifications, capabilities, and skills

• Bachelor's degree
• Minimum of 5 years of experience in Market Risk, Quantitative Finance or a related field
• Good understanding of derivatives, option Greeks and financial markets
• 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
• Strong sense of accountability and ownership of responsibilities
• Strong problem-solving abilities with the capability to challenge status quo, seek ways to do things more efficiently and effectively
• Strong organizational, control, project management, communication, and negotiation skills

Preferred qualifications, capabilities, and skills

• Experience in assessing exposures and margin requirements of derivative trades and portfolios, deep understanding of Hedge Fund strategies a plus
• Modeling skills in Excel (VBA), SQL, Tableau and Python 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's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.