Counterparty Credit Risk Analyst/Associate

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 teams 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

• Bachelors degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
• Proficiency with MS Excel, familiarity with Bloomberg

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  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