Counterparty Credit Risk

JPMorgan Chase & Co.; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Job summary

JPMorgan Chase & Co. in Mumbai seeks an Analyst to support the Counterparty Credit Risk (CCR) EMEA Capital team, focusing on risk management of legal entities and ICAAP execution within a fast-paced wholesale credit environment.

You will design stress tests, monitor exposures, and collaborate with QR, Technology and Product teams to enhance exposure methodologies while leveraging Python, Tableau, and Excel to automate workflows.

Strong communication and ownership are essential.

Qualifications

• Bachelor’s degree in a quantitative field such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance or Economics.
• Experience designing and implementing AI/LLM driven solutions.
• Proficiency in Python programming and data visualization tools (Tableau, Alteryx).
• Strong understanding of derivatives, margin, and CCR concepts.
• Proficiency with MS Excel and familiarity with Bloomberg.
• Clear written and verbal communication; ability to explain technical concepts to non-specialists.

Responsibilities

• Monitor exposures for JPM legal entities in EMEA and explain significant changes.
• Support ICAAP, including stress testing and capital add-ons design.
• Assist regulator-mandated CCR stress testing exercises.
• Monitor exposures against thresholds for JPM entities in EMEA.
• Contribute to thematic analyses in response to market events.
• Develop tools to automate existing workflows.
• Participate in projects on exposure metrics and tool enhancements.
• Collaborate with QR, Technology, Product, and other stakeholders on methodologies.
• Support regulatory and audit requirements as needed.

Skills

Python

Tableau

Alteryx

AI/LLM solutions

MS Excel

Bloomberg

Education

Bachelor's degree in Financial Engineering/Math/Statistics

Tools

Bloomberg

Job description

As an Analyst in the CCR EMEA Capital team, you will support CCR risk management, ICAAP execution, regulatory CCR stress testing with a focus on legal entities in EMEA

Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? Counterparty Credit Risk (CCR) team, part of Wholesale Credit Risk, is responsible for measuring counterparty exposures, conducting ad-hoc risk investigations and analyses in partnership with credit officers, assessing and negotiating CSA terms, determining initial margin requirements, and maintaining all credit exposure metrics. The team also leads regulatory and capital stress testing exercises (CCAR, EBA, ICAAP), monitors exposures at the JPM legal entity level, evaluates collateral pools for emerging risk themes, and provides credit coverage for clearing house counterparties, including regulatory advocacy.

Job Responsibilities

• Monitor exposures for JPM legal entities in EMEA and provide explanations for significant exposure changes
• Support the team’s contributions to ICAAP processes, including capital stress testing, designing stress scenarios, and calculating capital add-ons (Pillar 2 assessment of risks not covered by Pillar 1)
• Assist the team in completing regulator-mandated counterparty risk stress testing exercises
• Monitor portfolio exposures against established thresholds for JPM legal entities in EMEA
• Contribute to any thematic analysis in response to market events
• Develop tools, as needed, to automate existing workflows
• Participate in projects focused on key counterparty credit exposure metrics and technical enhancements
• Collaborate with QR, Technology, Product, and other stakeholders to continuously review and improve exposure methodologies and tools
• Support regulatory and audit requirements as needed

Required qualifications, capabilities, and skills

• Bachelor’s degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
• Experience in designing and implementing AI/LLM driven solutions
• Proficiency in Python programming and data visualization tools such as Tableau and Alteryx
• Good understanding of derivatives (bilateral and cleared), Futures and Options, Margin Lending and Securities Financing products
• Understanding of concepts relating to CCR exposures, PFE, wrong-way risk, risk sensitivity and stress testing across asset classes
• Proficiency with MS Excel
• Familiarity with Bloomberg
• Strong written and verbal communication skills: able to clearly explain technical concepts to non-specialists, adapt communication style to different audiences, and assertively present and defend viewpoints when necessary
• Strong sense of accountability and ownership: diligent, self-motivated, and results-oriented; demonstrates a risk mindset and confidence in making, articulating, and challenging risk judgments

Preferred qualifications, capabilities, and skills

• Prior experience in market and/or counterparty credit risk, particularly with a focus on margin, collateral, or exposure metrics, is preferred; strong candidates from other backgrounds will also be considered
• Knowledge of capital rules for CCR (IMM and SA-CCR) preferred
• Experience in ICAAP