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Corporate & Investment Bank - Counterparty Credit Risk Infrastructure & Capital - Implementation - Analyst

Req #: 170009705
Location: Brooklyn, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 0 US Dollar (USD)

 

JP Morgan is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. Information about J.P. Morgan is available at www.jpmorganchase.com.

Counterparty Credit Infrastructure & Capital (CCIC) is a global private side group with a presence in New York, London and Hong Kong, residing under CIB Credit Risk Management. CCIC develops, coordinates and oversees infrastructure, stress testing and exposure methodology globally for derivatives, securities financing and other traded products, and provides expertise and oversight for their Basel credit risk capital. In addition, CCIC includes Credit Portfolio Solutions (CPS), with the teams covering new derivatives, securities financing and other traded products for the clients of the CIB.

 

Counterparty Credit Infrastructure & Capital is seeking an Associate, based in New York, to help with all aspects of counterparty credit risk infrastructure with a focus of regulatory capital implementation and efficiency.

 

As a member of the Basel team within CCIC, the candidate will be responsible for the following:

  • Support firm-wide CCR regulatory capital internal model implementation for securities financing transactions by undertaking SME level engagements with model development and validation, credit exposure management, wrong way risk management, exposure and RWA stress testing, capital reporting, and the related technology teams.
  • Support development of prototype SFT RWA calculator based on proposed Basel IV rules.
  • Support on-going internal reviews of capital processes related to securities financing transactions.
  • Bachelor degree required
  • Experience with implementation or examination of Basel II / III Counterparty Risk default RWA under IMM required – securities financing preferred, but will accept derivatives, and/or cleared transactions experience.
  • Experience with JPMorgan credit risk systems infrastructure or demonstrated ability to quickly master systems of equivalent scale and complexity.
  • Excellent communication and stakeholder management abilities.
  • Detail oriented and strong organizational skills through at least 3 years of progressive responsibilities in implementation projects.
  • Strong knowledge of international and/or US regulatory requirements related to CCR beyond IMM is a plus.
  • Experience with counterparty credit risk management of central clearing and/or prime brokerage businesses is a plus.

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