JP Morgan Chase - Associate - Counterparty Risk - Wealth Management

WM Counterparty Risk Associate

Description:

- Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view.

- As part of Risk Management and Compliance, you are at the center of keeping JP Morgan Chase strong and resilient. You will help the firm grow its business in a responsible way by anticipating new and emerging risks while using your expert judgement to solve real-world problems that impact our company, clients and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, reassessing the status quo and striving for best-in-class.

- The Risk Management function at JPMorgan Asset Management has dedicated teams with separate reporting lines from the Asset Management business. The role is for an Associate responsible for managing all aspects of the Wealth Management Counterparty Risk Oversight Framework.

Job Responsibilities:

- Manage counterparty risk arising from Wealth Management activities and liaise with other Risk Management functions in relation to changing credit risk dynamics.

- Manage counterparty approval requests across various line of business stakeholders, legal, compliance, operations, etc.

- Establish and manage counterparty risk thresholds for trading activities such as securities lending, FX, bilateral derivatives, secondary loan trading, securities lending, repo, cleared derivatives, prime brokerage, etc.

- Manage unapproved counterparty exposures for review and escalation with lines of business

- Follow Counterparty Risk procedures and own the annual reviews of related standard operating procedures as well as inventory of control items and relevant audits

- Ongoing Risk Monitoring of WM counterparty risk through risk trigger reviews, portfolio deep dives and presentation of developing counterparty risk trends and exposure reporting

- Contribute to the design and review of analytics, risk assessment and exposure methodologies, and reporting capabilities.

- Contribute to team-wide efforts during stressed markets, ad hoc portfolio reviews and credible challenge as well as portfolio control initiatives.

Required qualifications, capabilities, and skills:

- 3+ Yrs of relevant exp. Demonstrable credit risk experience in managing FIG counterparties, such as banks, broker dealers, insurance and existing knowledge of factors which impact ratings criteria, outlooks, and exposure structuring.

- Strong ability to understand, question and assess complex issues with the ability to relate market events to risk positions and assess inter-related risks accordingly

- Solid knowledge of trading products and credit risk measurement methods (FX, Derivatives, Repos, CDS, structured products), contractual documentation and key credit risk terms to govern counterparty exposures

- Sound risk judgment based on fundamental risk assessments and understanding of key commercial considerations

- Verbal and written communication and presentation skills -ability to present risk exposure and appropriate risk mitigation options to management and other internal stakeholders

- Ability to fulfill initiatives with minimal supervision and ensure appropriate prioritization and sense of urgency

- Attention to detail & strong team player- ability to take personal responsibility, listens and considers the views of others, drives solutions to be reached with due consideration and as efficiently as possible

- Experience with investment products including fixed income, equity, and mutual funds preferred

- Appreciate the value of working in partnership with others to accomplish our goals

- Use your knowledge to find answers to problems and create workable solutions

- Can handle many different tasks and demonstrate a willingness to take on responsibilities that might lay outside your area of expertise

JPMorgan Chase & Co., 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.

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