Wholesale Credit Risk Management - Counterparty Risk Vice President

$161,500 - $207,000/Yr

JPMorgan Chase - New York, NY

Full-time - Senior

New York, NY

10,001+ employees

Credit Intermediation and Related Activities

About the position

The Counterparty Risk Vice President role at JPMorgan Chase is a key position within the Quantitative Research team focused on Wholesale Credit Risk Management. This role involves serving as a subject matter expert on Counterparty Credit Risk (CCR), particularly in relation to central counterparties (CCPs). The Vice President will be responsible for developing and maintaining quantitative models and tools to assess and manage credit risk, ensuring the firm's resilience and compliance with risk management standards.

Responsibilities

• Serve as a subject matter expert for CCP quantitative related issues.
• Create and maintain models and tools in Athenas/Python to assess adequacy of CCP margin requirements of cleared derivatives.
• Develop models and tools to support the evaluation of the efficacy of risk frameworks.
• Develop statistical models and tools for the assessment and management of counterparty credit risk.
• Design and implement software framework for counterparty credit risk in Python, delivering results through dashboards.
• Partner with control teams for ongoing model and risk governance.
• Engage tech partners to deploy the models to Credit Officer's desktops.

Requirements

• Minimum of a Master's degree in a quantitative discipline.
• 5 years of experience in Wholesale Credit Risk, Counterparty Risk, Quantitative Research, Quantitative Strategy or similar area.
• Substantial experience with Python or C++.
• Solid understanding of cleared products and risk management methodologies (VAR and stress testing) across all asset classes.
• Strong communication/partnership skills and attention to detail.
• Ability to clearly and logically articulate information, both verbally and in writing.
• Strong risk and control mindset.
• Ability to deliver on multiple time-sensitive timelines.

Nice-to-haves

• Prior experience with technical writing.

Benefits

• Health insurance
• Retirement plan
• Tuition reimbursement