Counterparty Credit Risk Analyst/Associate

Testing Site - JPMC; Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Testing Site - JPMC in Mumbai seeks an Analyst/Associate for Counterparty Credit Risk (CCR) in the EMEA Capital team. You will monitor exposures, support ICAAP, and contribute to stress testing across JPM entities in the region.

The role emphasizes collaboration with QR, Technology, Product, and other stakeholders to refine exposure methodologies, deliver analytics, and ensure regulatory compliance while driving risk insights.

Qualifications

• Bachelor’s degree in a quantitative discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance or Economics.
• Proficiency with MS Excel and familiarity with Bloomberg.
• Proficiency in Python and data visualization tools (Tableau/Alteryx).
• Strong understanding of derivatives, risk concepts and stress testing.

Responsibilities

• Monitor exposures for JPM entities in EMEA and explain significant changes.
• Support ICAAP processes, capital stress testing, and Pillar 2 assessments.
• Assist 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.
• Collaborate with QR, Technology, Product and other stakeholders on methodologies.

Skills

Financial Engineering

Mathematics

Statistics

Engineering

Finance

Economics

Python

Tableau

Alteryx

Bloomberg

Education

Bachelor's degree in Financial Engineering / Economics / Mathematics

Tools

MS Excel

Bloomberg

Python

Tableau

Alteryx

Job description

Job Description

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.

As a member of the CCR EMEA Capital team, the Analyst/Associate will support CCR risk management, ICAAP execution, regulatory CCR stress testing with a focus on legal entities in EMEA.

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
• Proficiency with MS Excel, familiarity with Bloomberg
• 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
• Adept at using LLM capabilities to drive efficiency
• Understanding of concepts relating to CCR exposures, PFE, wrong-way risk, risk sensitivity and stress testing across asset classes
• 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, capital management, or regulatory capital reporting is strongly preferred