XVA Pricing & Capital Solutions - Associate

Testing Site - JPMC; New York (NY); On-site; USD 120,000 - 190,000; Full time

Job summary

Testing Site - JPMC in New York seeks an Associate for the XVA Pricing & Capital Solutions team within the Credit Portfolio Group. You will analyze, model, and price complex derivatives, focusing on XVA components and capital implications.

You will collaborate with Sales, Trading, and Quantitative Research to develop risk tools and enhance derivatives infrastructure while building relationships across NA and LatAm.

Qualifications

• Bachelor’s degree in Finance, Mathematics, Engineering, or similar.
• Experience with derivative risk management and exposure methodologies.
• Ability to translate qualitative risk concepts into quantitative models.
• Strong communication and stakeholder relationship skills.
• Experience in fast-paced, collaborative teams.
• Attention to detail and strong analytical thinking.
• Fluency in Spanish or Portuguese is a plus.

Responsibilities

• Analyze, model, and price material derivatives as part of trade execution
• Determine XVA (credit, funding, and capital implications/pricing) for credit-intensive or complex bilateral derivative transactions, ensuring proper handoff to trading desks
• Execute XVA hedges for onboarded client activity
• Support structuring of transactions to enable sensible risk/reward evaluation
• Develop new risk measurement tools in partnership with Quantitative Research
• Improve the bank’s derivatives infrastructure
• Build strong relationships with Sales, Trading, and relevant stakeholders across NA and LatAm regions

Skills

Derivative exposure methodology

Modelling tools

Qualitative vs quantitative

Communication & relationships

Fast-paced, collaborative

Analytical mindset

Bachelor’s degree in Finance/Math/Eng

Education

Bachelor’s degree in Finance, Mathematics, Engineering, or similar

Advanced degree in a quantitative discipline

Job description

The Credit Portfolio Group (CPG) is a fully integrated public-side function with a global presence in London, Paris, New York, and Singapore. CPG manages both counterparty credit and funding risks around client transactions and works with key stakeholders to facilitate the efficient use of capital, particularly those components of total capital most related to CPG activities.

XPCS is part of CPG and acts as a general center of expertise around derivatives. The group has a broad solutions and advisory mandate, working closely with Sales, Structuring, XVA Trading (XVAT), LOB Trading, Credit Risk, Market Risk, Quantitative Research (QR), Legal, and Regulatory Policy. XPCS assists with exposure and capital models and pricing the appropriate XVA.

Job Summary:

As an Associate for the XVA Pricing & Capital Solutions (XPCS) Credit Portfolio Group (CPG) team, you will be part of a fully integrated public-side function with a global presence. You will work closely with Sales, Trading, and key stakeholders to analyze, model, and price complex derivatives, supporting efficient capital use and risk management. If you are intellectually curious and passionate about shaping risk solutions in a dynamic environment, this role is for you.

Job Responsibilities

• Analyze, model, and price material derivatives as part of trade execution
• Determine XVA (credit, funding, and capital implications/pricing) for credit-intensive or complex bilateral derivative transactions, ensuring proper handoff to trading desks
• Execute XVA hedges for onboarded client activity
• Support structuring of transactions to enable sensible risk/reward evaluation
• Develop new risk measurement tools in partnership with Quantitative Research
• Improve the bank’s derivatives infrastructure
• Build strong relationships with Sales, Trading, and relevant stakeholders across NA and LatAm regions

Required qualifications, capabilities, and skills

• Strong understanding of derivative exposure methodology
• Proficiency in various modelling tools
• Ability to shape qualitative risk considerations alongside quantitative metrics
• Excellent communication and relationship-building skills
• Experience working in a fast-paced, collaborative environment
• Analytical mindset with attention to detail
• Bachelor’s degree in a relevant field (Finance, Mathematics, Engineering, or similar)
  

Preferred qualifications, capabilities, and skills

• Familiarity with XVA concepts and derivatives risk management
• Experience with quantitative research or risk measurement tools
• Advanced degree (Master’s or PhD) in a quantitative discipline
• Fluency in Spanish or Portuguese