Risk Management Counterparty Risk – Priority Hedge Funds – Associate

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

As a Counterparty Priority Hedge Funds Associate, you will be a key player in managing and mitigating counterparty credit risk. you will employ your exceptional analytical abilities and credit industry knowledge to make informed credit decisions for a diverse client portfolio. You will work in collaboration with business teams to fulfill client credit requests, while maintaining a balance between risk and return for the Firm. Regular monitoring of your portfolio will be required to accurately assign risk ratings to clients and facilities, and you will be expected to uphold a strong culture of compliance at all times

Job Responsibilities

• Act as an integral member of the CCR team to support the Top Hedge Fund relationships at JPMorgan.
• Develop Tableau dashboards and Python queries to support portfolio risk investigation and trend analysis.
• Identify and monitor client risk profiles and escalate potential exposure concerns to credit officers, senior risk managers, and the front office.
• Work closely with CCR regional coverage teams and Front Office/Credit Risk/Operations teams to review client requests, such as margin and limits, and assessing margin adequacy against stress exposures and potential risks.
• Develop in-depth knowledge of top hedge fund clients, formulating views on product risk appetite, and effectively reviewing and challenging business stakeholders on risk-related inquiries.
• Collaborate with Quantitative Research, Technology, Credit Officers, and other stakeholders to continuously review and enhance exposure methodologies and tools related to material hedge fund clients.
• Develop a strong understanding of the firm’s Counterparty Stress Analysis methodology and apply it to analyze and monitor counterparty exposures within Credit Risk.
• Collaborate with business and risk partners on counterparty credit exposure, providing guidance and training on methodology releases or model limitations, and contributing to methodology and policy updates.

Required qualifications, capabilities and skills 

• Bachelor’s degree in Finance, Economics, Mathematics, Statistics or related area
• Minimum 3 years in risk management including risk monitoring, margining, stress analysis or quantitative financing
• In-depth understanding of counterparty/liquidity/market risk originated from Equity prime brokerage, Futures and Options and OTC cleared and bilateral derivatives products across asset classes (Equity, IR, Credit, FX and Commodities)
• Self-starter, relies on limited guidance for most complex decision making
• Strong problem-solving abilities with the capability to challenge status quo, looking for ways to do things more efficiently and effectively.
• Confident and commercially-minded, with the conviction to challenge, make calculated risk judgments, stand by them and clearly communicate the rationale. 
• Possess strong analytical and modeling skills to work with complex data to make risk recommendations.
• Strong attention to detail and strong sense of accountability and ownership of responsibilities. Must be diligent and self-motivated
• Ability to assess impact of market trends and performance on client exposures
• Interest in client and senior management interaction with strong verbal and written communication skills
• Ability to perform well under pressure in a demanding environment managing multiple tasks at the same time
• Proficiency in Microsoft Office Suite, especially Excel, PowerPoint, and Word; Proficiency in Python and Tableau

Preferred qualifications, capabilities and skills 

• Modeling and Risk skills utilizing Excel, SQL, Tableau and Python 
• Proficiency in LLM and Artificial Intelligence solutions
• Candidates with experience in Credit Risk, Portfolio Analytics, or Risk Management who can make immediate contributions preferred
• Knowledge of financial platforms including Bloomberg, Factset, and Reuters

JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans