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Counterparty Credit Risk Analyst - Derivatives, Exposure & Capital Analytics - Analyst - Plano, TX

Company: JPMorgan Chase & Co.
Location: Plano
Posted on: June 10, 2021

Job Description:

Counterparty Credit Infrastructure and Capital (CCIC) is a global private side group with presence in Plano, New York, London, Frankfurt, Hong Kong and Mumbai, and is part of the Credit Risk organization. CCIC has a wide range of responsibilities across derivatives and other traded products, including analysis of credit exposure for complex transactions, stress testing, wrong way risk, standardized and advanced regulatory capital models, credit exposure infrastructure, tools and methodology, and counterparty risk data governance.

CCIC partners widely, and in particular with: Credit Officers, Capital & Liquidity Management, Quantitative Research, Model Review & Governance, Markets sales and trading, Credit Portfolio Group, Collateral Management, Treasury, and various Technology and Operation teams. The team is seeking an enthusiastic hands on counterparty credit risk Analyst with an interest in counterparty credit risk and capital (EAD, PD, LGD, RWA etc.) to assist the broader team.


  • Develop an understanding of subject matter expertise counterparty credit risk calculations in the derivatives business areas, as well as related to capital regulations (e.g. Basel III, IMM, SA-CCR) and JPM's compliance with regulatory requirements
  • Develop and perform data analytics on counterparty credit exposures for insights into exposure & capital drivers. Perform ad-hoc quantitative impact analysis on the firm's exposures / RWA; as well as assisting with stress-testing requirements
  • Act as a specialist upon Counterparty Credit risk calculations
  • Analyze, investigate and explain derivative exposure variances and changes (both with regards to PFE and EAD/RWA). Work with business, credit officers, and technology to determine drivers of unexplained variances
  • Work with business partners including line of business, risk management, collateral management, treasury, and data and calculation technology teams to ensure exposure calculations are as per regulatory and internal guidance
  • Work closely with modeling teams on new model implementations and model updates. Assess impact of changes and communicate concisely to capital teams and other stakeholders
  • Understand challenges and gaps in monthly and quarterly production processes. Document and lead remediation of identified technology and data gaps
  • Navigate through large organization to streamline and summarize multiple information points; create repeatable process to build consistency in presenting information


  • Must be highly numerate, very good with Excel
  • Any prior experience of working in a quantitative or analytical role will be preferred
  • Relevant experience may have been gained in credit or market risk management, or a derivatives front or middle office area will be preferred
  • Excellent written and verbal communication skills. Must be articulate, and be able to explain technical concepts to non-specialists. Able to adjust communication style for a variety of situations and be able to hold their ground as required
  • Strong time management skills and comfort with dynamically shifting priorities, timelines, and demands
  • Understandng of trading products, spanning derivatives across major asset classes (IR, FX, equities, credit derivatives, commodities, etc.) and securities/repos is desirable, as is experience with forward looking counterparty risk metrics, and Basel III CCR regulations related to EAD estimating methodologies (such as IMM, CEM/SA-CCR), and/or CCAR RWA stress testing requirements
  • Strong sense of accountability and ownership of responsibilities, must be diligent, self-motivated. Must be confident and commercial, and have the conviction to challenge and make a risk judgment, stick to it and be able to articulate why this is the case
  • Appreciation of credit risk mitigants, knowledge of ISDA/CSA documentation, and mechanics of netting and collateral arrangements
  • Knowledge of Python or any programming skills is a plus

Keywords: JPMorgan Chase & Co., Plano , Counterparty Credit Risk Analyst - Derivatives, Exposure & Capital Analytics - Analyst - Plano, TX, Other , Plano, Texas

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