Risk Management - Counterparty Prime Brokerage Coverage - Vice President

JPMorgan Chase

  • New York City, NY
  • Permanent
  • Full-time
  • 2 days ago
Job Category: Credit RiskJob Description: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 Prime Brokerage Coverage Vice President, 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 the Counterparty Credit Risk Lead to support Prime Brokerage Risk Coverage.
  • Identify, analyze, monitor, and escalate counterparty exposures within Prime Brokerage.
  • Validate daily risk reports and escalate potential risk concerns to credit officers, senior risk managers, and the front office.
  • Serve as the Subject Matter Expert on Prime Brokerage margining methodology and systems.
  • Analyze client margining requests, assess margin adequacy against stress exposures and potential risks, and make recommendations for approval.
  • Develop in-depth knowledge of prime brokerage clients and formulate views on product risk appetite, reviewing and challenging business stakeholders' risk-related questions.
  • Monitor risk and margin adequacy across top Prime Brokerage clients.
  • Develop a strong understanding of the firm's Counterparty Stress Analysis Framework and apply it to analyze and monitor counterparty exposures within Prime Brokerage.
  • 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
  • Minimum 5 years in risk management including risk monitoring, margining, stress analysis and regulatory compliance.
  • Knowledge of markets and ability to assess impact of market trends on client exposures.
  • Strong analytical skills with the ability to work with complex data to make risk recommendations.
  • Motivated and strong sense of ownership of the team's mandate,
  • Capability to challenge status quo, looking for ways to do things more efficiently and effectively.
  • Excellent writing, presentation and communication skills along with organizational, project management, control and negotiation expertise.
  • Ability to perform well under pressure in a demanding environment managing multiple tasks at the same time.
  • Expertise in Microsoft Excel, Word, PowerPoint
Preferred qualifications, capabilities and skills
  • Proficiency in LLM, Artificial Intelligence, Excel (VBA), SQL, Tableau and Python a plus
  • Candidates with experience in Prime Brokerage Risk Management who can make immediate contributions preferred.
  • Modeling skills in Excel (VBA), SQL, Tableau and Python a plus
About Us: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 for more information about requesting an accommodation.JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/VeteransAbout the Team: J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

JPMorgan Chase