Credit Portfolio Group (CPG) is a fully integrated public-side function with global presence in London, Paris, New York and Singapore.
The group manages both the counterparty credit and funding risks around client transactions. CPG also works with key stakeholders to facilitate the efficient use of capital, particularly those components of total capital most related to CPG activities.
As an Associate in the Credit Portfolio Group (CPG), you will act as a general center of expertise around derivatives. You will work closely with: Sales, Structuring, XVA Trading (XVAT), LOB Trading, Credit Risk, Market Risk, Quantitative Research (QR), Legal and Reg Policy, assisting with exposure and capital models and pricing the appropriate XVA.
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Job Responsibilities:
- Analyzing, modeling, and pricing material derivatives as part of trade execution;
- Determining the XVA (credit, funding, and capital implications/pricing) for credit-intensive or complex bilateral derivative transactions, ensuring proper handoff to XVAT or to the various self-insured trading desks for ongoing management of these risks;
- Executing the XVA hedges of onboarded client activity;
- Structuring transactions to enable a sensible risk/reward evaluation;
- Developing new risk measurement tools in partnership with Quantitative Research, and improving the bank's derivatives infrastructure;
- Covering markets and products for the North American and LatAm regions, developing close relationships with Sales/Trading and relevant stakeholders;
- Building a strong understanding of the bank's derivative exposure methodology and achieving full proficiency in the various modeling tools;
- Shaping the more qualitative risk considerations, in addition to raw metrics, as an essential part of the role.
Required qualifications, capabilities and skills:
- Experience in derivatives pricing.
- Possess a strong all-round knowledge of products traded, ideally spanning derivatives of all major asset classes. Understand ISDA/CSA documentation, including the mechanics of collateral arrangements. Appreciate the main risk drivers of products, including an understanding of the counterparty credit exposure of derivatives.
- Demonstrate strong partnership and communication skills.
- Articulate a view clearly and logically, and explain technical concepts to non-specialists.
- Exhibit credibility, influencing skills, and leadership.
- Display confidence, commercial acumen in weighing up risk/return, and make sound risk judgments. Demonstrate potential to become relatively self-sufficient within a reasonable period of time.
- Be highly numerate, proficient with Excel.
- 3+ years' prior experience in a quantitative or analytical role covering complex structures and their risks.
Preferred qualifications, capabilities and skills:
- Ability to probe for additional information when required.
- Experience in counterparty credit risk and XVA modeling can be useful, but is not essential if demonstrating a well-rounded appreciation for risk issues.
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 FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT 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.