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AM - Counterparty Risk, Executive Director / Vice President

Req #: 170085292
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: US Dollar (USD)

JP Morgan Chase:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/.

 

Our Firmwide Risk Function:

Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.

J.P.Morgan Asset Management Risk Management is committed to being a world-class leader in risk management, maintaining a system of strong controls, providing guidance and clear direction on key risk principles, proactively managing risks and achieving a consistent balance between our business goals and deployment of capital. AM Risk Management employs people around the world and ensures strong risk management discipline throughout the lines of business within AM.  The JPMAM Counterparty Risk Group, with assistance from regional risk personnel, supervises credit risk arising from counterparty activities conducted on behalf of clients on a global basis.

 

Job Responsibilities Include

·         This person will be responsible for conducting in-depth credit analysis of large and medium-sized banks and broker-dealers, approving new counterparties, setting risk ratings, setting and monitoring risk thresholds, and approving transactions outside existing thresholds

·         Perform on-going monitoring and periodic reviews of the creditworthiness of approved counterparties

·         Contribute to the continued development and oversight of appropriate counterparty

·         Represent counterparty credit risk in new product process

·         Examine fundamental economic data and developments to provide market commentary and analysis

·         Manage day-to-day matters arising from the administration and monitoring of approved credit thresholds and guidelines

·         Work with Associates/Analysts, participate in governance of the team

 

  • 7+ Years of related FIG credit risk experience
  • Demonstrated ability to conduct in-depth fundamental credit analysis banks & broker-dealers
  • Strong knowledge of various trading products and risk measurement methods (FX, Derivatives, Repos, CDS, Structured Products)
  • Excellent understanding of ISDA documentation including Netting and Collateral Agreements used for trading products, and ability to set credit terms
  • Demonstrated credit skills and judgment
  • Ability to relate market events to risk positions and analyze risk accordingly
  • Excellent organizational skills and control focus
  • Superior attention to detail and process-orientation
  • B.S. degree in Finance or related discipline -  MBA and/or CFA a plus
 
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