Credit Portfolio Group - XVA Pricing & Capital Solutions EMEA - Analyst or Associate

Aumni; Greater London; On-site; GBP 80,000 - 120,000; Full time

Job summary

J.P. Morgan is seeking an Analyst/Associate in XVA Pricing & Capital Solutions within the Credit Portfolio Group in London.

You will support derivative pricing, capital analysis, and stress testing, partnering with Sales, Trading and control functions to deliver robust analytics and well-documented solutions. In this role you will deepen your derivatives and XVA expertise, work with cross-functional teams, and contribute to meaningful outcomes for clients and the firm.

Qualifications

• Experience with OTC derivatives and XVA concepts.
• Familiarity with ISDA/CSA collateral mechanics.
• Strong quantitative and analytical skills with Excel and Python.
• Ability to run structured analyses and document assumptions clearly.
• Excellent collaboration across Sales, Trading, Risk and Operations.

Responsibilities

• Support pricing and structuring analysis for OTC derivatives with hedge funds.
• Produce and maintain trade-level margin analytics and analyze initial margin drivers.
• Monitor risk appetite and translate limits into routine checks and diagnostics.
• Run stress and scenario analyses across portfolios and counterparties.
• Support deal execution and prepare materials for risk and valuation discussions.
• Collaborate with Quantitative Research and technology to test model enhancements.
• Assist with collateral workflows and ISDA/CSA discussions for margin and capital efficiency.

Skills

OTC derivatives knowledge

Python proficiency

Advanced Excel

Quantitative analytics

Cross-functional collaboration

Communication skills

XVA concepts

Tools

Python

Job description

As an Analyst or Associate in XVA Pricing & Capital Solutions within the Credit Portfolio Group, you will support derivative pricing and capital analysis, strengthening partnerships across Sales, Trading, and control functions. You will contribute to trade-level analytics, risk monitoring, and stress/scenario work, delivering consistent, well-documented solutions. In this role, you will build your derivatives and XVA expertise, work closely with cross-functional teams, and help drive meaningful outcomes for the firm and our clients.

Job responsibilities

• Support pricing and structuring analysis for OTC derivatives with hedge funds, focusing on efficient risk and capital usage.
• Produce and maintain trade-level margin analytics, analyze initial margin drivers, and assist with collateral mechanics under ISDA/CSA agreements.
• Monitor risk appetite by translating limits and triggers into routine checks, running diagnostics, escalating issues, and supporting remediation activities.
• Run stress and scenario analyses across portfolios and counterparties, summarizing outputs for review.
• Support deal execution processes, prepare materials for risk and valuation discussions, and ensure clean handoffs to risk management and reporting teams.
• Partner with Quantitative Research and technology to test and implement model and tooling enhancements for exposure and margin analytics.
• Assist with documentation and collateral workflows, compiling analysis to support ISDA/CSA discussions for margin and capital efficiency.

Required qualifications, capabilities, and skills

• Working knowledge of OTC derivatives and an interest in XVA, counterparty credit exposure, funding, and margin concepts.
• Familiarity with ISDA/CSA collateral mechanics and a willingness to learn margin optimization approaches for hedge fund counterparties.
• Strong quantitative and analytical skills, including advanced Excel and Python proficiency (or ability to build it quickly) for analytics and automation.
• Ability to run structured analyses, document assumptions clearly, and communicate results succinctly.
• Strong collaboration and communication skills; comfortable working across Sales, Trading, Risk, and Operations in a fast-paced environment.
• Relevant experience in derivatives, XVA, counterparty credit or market risk, product control or valuation, quantitative analytics, or a related role.

Preferred qualifications, capabilities, and skills

• Prior EMEA coverage and front-office partnership experience.
• Ability to articulate technical concepts to non-specialists and drive collaborative solutions.
• Ownership mentality and adaptability in fast-paced environments.
• Demonstrated curiosity, ownership of deliverables, and comfort improving processes such as templates, checks, and automation.

This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.

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.

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. Join us as an Analyst or Associate in XVA Pricing & Capital Solutions, supporting derivative pricing and capital analysis while building your expertise in a collaborative team.