CIB – Credit Risk – Central Counterparty Clearing – Quantitative Risk (CCP QR) – Associate

Job description

CCP Quantitative Risk is a global private side group with a presence in London, New York and Asia. The group, part of Global Credit Risk, works closely with Credit Officers to assess and manage the risk presented by memberships in Clearinghouses by:
·  Performing quantitative assessments of CCPs; evaluating the efficacy of risk frameworks.
·  Estimating scenario analyses on cleared portfolios to assess potential loss to the firm under stress conditions.
·  Assessing the risk new cleared products present the firm through its memberships.
·  Acting as “area experts” for CCP risk related issues.
The team covers all cleared products including OTC derivatives (including Credit Default Swaps, Interest Rate Swaps, etc…) and exchange traded instruments (cash equities, bonds, Futures & Options, etc…).

Job Description

This position is for a quantitative analyst at the Associate level to join the team managing the risks presented by membership in EMEA Clearinghouses. The primary contribution of the analyst is to assess CCP collateral adequacy based on an intensive examination of the quantitative aspects of the Clearinghouses’ risk management frameworks. In addition to working within the firm, the analyst will represent J.P. Morgan to CCPs and Regulators within EMEA; advocating best practices in risk management. With the advent of the global regulatory push towards centralized clearing, the role of CCP QR has become increasingly critical internally as well as having a higher profile in external forums; this is an area and job with significant growth potential.

Requirements

Quantitative: The candidate must be highly numerate, witha degree in a quantitative discipline with a strong understanding of statistics.The candidate shouldhave some ability to program in Python, Matlab, R or other scripting language.
 
Product: The candidate must understand risk management methodologies, particularly product valuation and stress testing, as applied to financial instruments across all asset classes.

Communication: The candidate must be able to clearly and logically articulate a view, both verbally and in writing.

Work style : The candidate must possess a strong risk and control mindset, have strong partnership skills, be very detailed oriented but also able to deliver on multiple time sensitive timelines.

About J.P. Morgan’s Corporate & Investment Bank:

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.  Further information about J.P. Morgan is available atwww.jpmorgan.com .

“JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer and a member of the UK Government’s Disability Confident Scheme.”