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Counterparty Credit Infrastructure & Capital Associate

Req #: 170061559
Location: Newark, DE, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 3000 US Dollar (USD)
JPMorgan Chase 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, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.
 
 Counterparty Credit Infrastructure & Capital
 
Counterparty Credit Infrastructure & Capital (CCIC) is a global private side group within Credit Risk Management with presence in New York, London and Delaware. 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), which covers new derivatives and securities financing deals for the clients of the CIB.
 
Counterparty Credit Infrastructure & Capital is seeking a Delaware-based Associate to support the firm’s CCAR/DFAST/ICAAP regulatory submissions as it relates to Counterparty Credit Risk.  This role is responsible for the end to end execution of CCAR/DFAST/ICAAP reporting on a quarterly basis, including data sourcing, data manipulation, reporting, variance analysis, controls, and documentation.  The candidate will also be actively engaged in developing and overseeing infrastructure to automate the reporting process, as well as peripheral responsibilities related to stress testing and exposure methodology for the global counterparty credit portfolio. The position will partner closely with other functional areas across Credit Risk, Market Risk, Finance, Operations, and Technology to effectively execute on these critical deliverables.
 
Specifically, the candidate will be responsible for the below:
  • Assist in the preparation and completion of all required FR Y-14 templates for Counterparty Risk with ownership over certain aspects of the deliverables, including variance analysis
  • Build expertise in regulatory instructions; assist in instruction interpretation and assessment of impact
  • Complete comprehensive review of data inputs and results to identify and resolve data quality issues, errors, and inconsistencies in data reporting and usage
  • Maintain process documentation to reflect steps and decisions undertaken to complete deliverables
  • Identify and implement methods for improved operational efficiency and productivity
  • Drive requirements and participate in testing of technology projects to improve exposure methodology, stress testing capabilities, and reporting functionality
  • Develop strong partnerships with other functional areas to gain understanding strategic key risk management initiatives, underlying business drivers and issues relevant to the Counterparty Credit Risk infrastructure and stress testing process
  • Experience with and knowledge of CCAR/DFAST regulatory stress testing initiatives is a plus
  • Knowledge of traded products and sound understanding of basic quantitative concepts relating to credit exposure, risk sensitivity and stress testing
  • Strong analytical and quantitative skills, must be very good with Excel with ability to summarize and interpret results from a large quantity of data
  • Thoroughness and attention to detail, high level of accuracy
  • Excellent problem solving skills and ability to think creatively and offer solutions around tactical and strategic remediation
  • Strong written and verbal communication skills with the ability to partner closely with peers and senior management across geographically distributed and functionally diverse workgroups
  • Self-starter, strong initiative, ability to take ownership and work independently to deliver quality results under high pressure and tight deadlines
  • Strong time management skills and comfort with dynamically shifting priorities, timelines, and demands
  • Relevant experience such as credit or market risk management, stress testing or supporting functions, a derivatives front or middle office area, or related is a plus
  • Ability to be a team player and help drive consensus at broader forums on a shared agenda
 
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