Counterparty Credit Risk

Fairygodboss; Mumbai; On-site; INR 1,200,000 - 2,100,000; Full time

Job summary

JPMorganChase in Mumbai seeks an Analyst/Associate for the CCR EMEA Capital team to support risk management, ICAAP execution, and regulatory CCR stress testing focusing on legal entities in EMEA. The role involves monitoring exposures, designing stress scenarios, and collaborating with multiple units.

The ideal candidate possesses a quantitative degree and Python/Tableau skills, with familiarity in derivatives, CCR concepts, and Bloomberg.

Qualifications

• Bachelor’s degree or higher in a quantitative field (e.g., Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance or Economics).
• Experience designing and implementing AI/LLM driven solutions is required.
• Proficiency in Python programming and data visualization tools (Tableau/Alteryx).
• Strong understanding of derivatives (bilateral and cleared), margins, collateral, and CCR exposures.
• Experience with Excel and Bloomberg is preferred.
• Excellent written and verbal communication, able to explain technical concepts to non-specialists.
• Accountability, ownership, risk mindset, and ability to defend risk judgments.

Responsibilities

• Monitor exposures for JPM entities in EMEA and explain significant exposure changes.
• Support ICAAP processes, including stress testing and Pillar 2 assessments.
• Assist with regulator-mandated counterparty risk stress testing exercises.
• Monitor portfolio 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 counterparty credit exposure metrics and tools.
• Collaborate with QR, Technology, Product, and other stakeholders to improve exposure methodologies.
• Support regulatory and audit requirements as needed.

Skills

AI/LLM driven solutions

Python programming

Communication

Risk mindset

Education

Bachelor’s degree in a quantitative field

Tools

Tableau

Alteryx

Excel

Bloomberg

Job description

As an Analyst/Associate 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

ABOUT US

JPMorganChase, 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. 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.