CIB Risk Analyst

Testing Site - JPMC; Mumbai; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Testing Site - JPMC in Mumbai seeks a Counterparty Risk expert to assess client exposures, determine execution limits, and monitor portfolio risk across locations. You will partner with Credit Officers, Front Office and Sales to ensure transparent, compliant risk controls and timely escalation.

The role requires a quantitative background, strong communication, Python coding, and proficiency with Excel with Bloomberg familiarity; you will contribute to margin, collateral and regulatory risk

Qualifications

• Bachelor’s degree in a quantitative field is required.
• Experience in risk/trading/valuation control/quantitative research is preferred.
• Proficiency with MS Excel and familiarity with Bloomberg.
• Python coding and automation tools (Tableau/Alteryx) are advantageous.
• Excellent written and verbal communication; ability to explain technical concepts to non-specialists.

Responsibilities

• Keep abreast of margin methodologies and provide insights on industry developments.
• Offer independent advice on counterparty credit exposure for complex deals; explain calculations to front line.
• Serve as SME on exposure/risks and guide methodology updates.
• Collaborate with QR, Technology, Credit Officers and stakeholders to enhance methodologies and tools.
• Partner with Sales/Trading on exposure framework development for new products or structures.
• Deliver on regulatory and audit matters as required.
• Contribute to firm-wide projects on exposure metrics and enhancements.

Skills

Python coding

Strong communication

Ownership & accountability

Risk mindset

Education

Bachelor’s degree in a quantitative field (Financial Engineering / Mathematics / Physics / Statistics / Engineering / Finance / Economics)

Tools

MS Excel

Bloomberg

Tableau

Alteryx

Job description

Counterparty Risk division (CCR) is part of Wholesale Credit Risk, and is responsible for counterparty exposure measurement, monitoring and escalating where appropriate, ad-hoc risk investigations and analyzes in collaboration with credit officers, sales and senior management, assessment of CSA terms adequacy, determination of initial margin requirements including corresponding eligible collateral and valuations where applicable, ownership and maintenance of all credit exposure metrics (continuous adequacy assessment), all related exposure calculation/reporting engines and their development agendas and priorities, and Credit Capital and regulatory (CCAR, ICAAP, EBA) related exposure and collateral stress testing.

As a member of CCR Coverage, the candidate will work closely with Credit Officers, Front Office, and Sales, to assess the client level exposures, determine the appropriate execution limits, while maintaining an oversight of the overall Portfolio exposure by monitoring and escalating relevant concentrated exposures, liquidity, and market risks. The candidate will operate across various locations to establish synergies and best practices, to assess system capabilities, availability and use of risk metrics, identify solutions to enhance transparency and timely escalation of the pertaining portfolio risk.

Job Responsibilities:

• Keeping abreast of industry initiatives around margin methodologies, providing insights on the impact on JPMorgan and enhancing transparency around emerging risks in the area
• Providing independent advice on counterparty credit exposure for new deals with complex structures or relatedness, including the explain and challenge of calculations by 1st line of defense
• Act as subject matter expert on counterparty credit exposure/risks, providing guidance to Credit Officers on material methodology releases or model limitations, and helping guide methodology and policy updates
• Work with QR, Technology, Credit Officers, and other stakeholders to continuously review and enhance exposure methodologies and tools
• Partnering with sales and trading on development and rollout of counterparty credit exposure framework for new products or structures where risk expertise is required
• Deliver on regulatory and audit matters as required
• Manage and contribute to firm-wide projects around key counterparty credit exposure metrics & technical enhancements.

Required qualifications, capabilities, and skills:

• Bachelor’s degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
• Previous experience in a risk/trading/valuation control/quantitative research role, challenging and partnering with the Front-Office
• Proficient with MS Excel, familiar with Bloomberg
• Proficiency in coding (Python) and automation intelligent solutions, like Tableau and Alteryx, would be beneficial
• Good written and verbal communication skills: the candidate must be articulate and able to explain technical concepts to non-specialists; able to adjust communication style for a variety of situations and be able to hold their ground as required
• Strong sense of accountability and ownership: must be diligent, self-motivated and get the work done; have a risk mind-set, and be confident to make a risk judgment, articulate it, and challenge it.

Preferred qualifications, capabilities, and skills

• Prior experience of Market and/or counterparty Credit risk experience focusing on margin, collateral or exposure metrics would be preferrable; strong candidates with other backgrounds would also be considered

• Good knowledge of traded products, spanning derivatives (across asset classes), securities and financing

• Working knowledge of JPM systems and infrastructure will be a strong advantage