Collateral and Margin Counterparty - Wholesale Credit Risk - Associate

JPMorgan Chase; New York (NY); On-site; USD 130,000 - 190,000; Full time

Job summary

JPMorgan Chase in New York City is seeking a Counterparty Risk professional within the CCR to measure and monitor exposures across OTC derivatives, futures, securities financing, CCPs and more. This role bridges risk, analytics, controls and technology, offering broad product exposure and opportunities to drive high-impact initiatives.

You will perform margin investigations, negotiate CSAs, and develop automation using Python and data tools, collaborating with Quantitative Research, Technology,

Qualifications

• Bachelor's degree in a quantitative discipline such as Financial Engineering, Math, Physics, Statistics, Engineering, Finance or Economics.
• 3+ years in OTC derivatives, trading, counterparty risk, market risk, or quantitative roles in financial services.
• Strong ability to synthesize risk information, communicate insights clearly, and work with diverse audiences.
• Proficiency in Python and SQL; experience with data/visualization tools including Tableau, Alteryx or ThoughtSpot.

Responsibilities

• Perform margin investigations and liquidity analysis on collateral pools.
• Negotiate Eligible collateral schedules and conduct deep dives on regulatory margin.
• Drive transformation initiatives to improve efficiency, control robustness, and data quality.
• Develop and maintain analytical tools using Python, AI/LLM-enabled techniques, and data tooling.
• Utilize Tableau, Alteryx and related tech to enhance transparency and reporting.
• Collaborate with Technology, Quantitative Research, Product and Credit Officers to refine methodologies.

Skills

Analytical thinking

Communication skills

Problem solving

Explain technical concepts to non-spec

MS Excel proficiency

Working with large data sets

Education

Bachelor's degree in Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance or Economics

Tools

Python

SQL

Tableau

Alteryx

ThoughtSpot

Job description

Counterparty Risk (CCR), part of Wholesale Credit Risk, is responsible for measuring and monitoring counterparty exposures across OTC derivatives (cleared and non-cleared), Futures and Options, Securities Financing, Securities Prime Services, CCPs and Commodities. The broader CCR organization oversees exposure measurement, risk monitoring and escalation, ad hoc risk investigations and analyses, assessment of collateral and margin arrangements, ownership of credit exposure metrics, and the development and maintenance of related exposure calculation and reporting capabilities. This is a dynamic area of risk management at the intersection of markets, analytics, controls, and technology, offering broad product exposure and the opportunity to contribute to high-impact risk and transformation initiatives.

As a member of the Collateral and Margining within CCR, you will play a key role in strengthening the team's control framework, performing margin investigations and negotiating ISDA CSAs. The role offers a broad platform across risk oversight, portfolio analytics, process improvement, and cross-functional delivery, with interaction across Quantitative Research, Technology, Product, Credit Officers, and other stakeholders.

Required qualifications, capabilities, and skills

• Bachelor's degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
• At least 3 years of experience in OTC Derivatives in a Trading, Counterparty Risk, Market Risk, or Quantitative role in financial services
• Strong analytical and problem-solving skills, with the ability to synthesize complex risk information, identify practical solutions, and communicate insights clearly to different audiences
• Proficiency in Python programming and SQL, and experience using data and visualization tools such as Tableau, Alteryx, ThoughtSpot, or similar platforms to support analytics, automation, and process improvement
• Good understanding of derivatives (bilateral and cleared), Futures and Options, Securities Financing, Prime Services, and related counterparty credit risk products
• Understanding of key CCR concepts, including exposure measurement, margin methodologies, ISDA CSAS and Collateral Eligibility
• Proficiency with MS Excel and strong comfort working with large data sets and analytical workflows
• Strong written and verbal communication skills, with the ability to explain technical concepts to non-specialists and engage constructively with a broad stakeholder group
• Strong sense of accountability and ownership; self-motivated, control-minded, and confident in making, articulating, and challenging risk judgments where appropriate
• Ability to work effectively across functions and build strong partnerships with Quantitative Research, Technology, Product, Credit Officers, and other stakeholders

Job Responsibilities

• Perform margin investigations, liquidity analysis on collateral pool, negotiation of Eligible collateral schedule
• Perform deep dives in regulatory margin and collateral requirements
• Drive projects and transformation initiatives aimed at improving team efficiency, control robustness, data quality, and workflow effectiveness
• Develop and maintain analytical tools and automation solutions using Python, AI/LLM-enabled techniques where relevant, and other data tooling to streamline reporting, monitoring, and analysis processes and support more efficient decision-making
• Leverage platforms such as Tableau, Alteryx, and related technologies to improve transparency, scalability, and delivery of management information
• Partner with Technology and other teams across Wholesale Credit Risk to support strategic enhancements in data, analytics, automation, and emerging capabilities
• Collaborate closely with Quantitative Research, Technology, Product, Credit Officers, and other stakeholders to review methodologies, improve processes, and address risk management priorities
• Support regulatory, audit, governance, and control-related deliverables as needed
• Work across a broad range of products and counterparty types, contributing to consistent and effective risk oversight across the CCR portfolio

Preferred qualifications, capabilities, and skills

• Prior experience in market risk and/or counterparty risk particularly in collateral or exposure-related roles
• Experience delivering automation, reporting, or workflow improvement initiatives in a risk, analytics, or control environment, with the ability to translate business needs into practical solutions
• Experience designing or implementing AI/LLM-enabled solutions to support analytics, automation, or workflow enhancement is advantageous

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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

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.