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CIB Credit Risk -- CCP Quantitative Risk Analyst

Req #: 180009889
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and 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


CCP Quantitative Risk is a global private side group with a presence in London, New York and Asia. The group, part of Global Credit Risk Management, works closely with Credit Officers to assess and manage the risk presented by memberships in Clearinghouses by:

  • Performing quantitative assessments of CCPs; evaluating the efficacy of risk frameworks.

  • Estimating scenario analyses on cleared portfolios to assess potential loss to the firm under stress conditions.

  • Assessing the risk new cleared products present the firm through its memberships.

  • Acting as “area experts” for CCP risk related issues.

The team covers all cleared products including OTC derivatives (including Credit Default Swaps, Interest Rate Swaps, etc…) and exchange traded instruments (cash equities, bonds, Futures & Options, etc…).


This position is for a Quantitative Analyst. The primary responsibility will be to perform stress testing of cleared portfolios. The Quant Analyst will also review the risk management methodologies employed by clearinghouses. These reviews require the intensive examination of the quantitative aspects of the clearinghouse’s risk management framework. The conclusions of a review are a key input into the firm’s views of the credit quality of the clearinghouse; the analyst will be expected to discuss conclusions with Credit Executives.  With the advent of the global regulatory push towards centralized clearing, the role of CCP Quantitative Risk has become increasingly critical internally as well as having a higher profile in external forums; this is an area and job with significant growth potential.

Quantitative: The candidate must be highly numerate, with a degree in a quantitative discipline with a strong understanding of statistics. The candidate should have some ability to program in Python, Matlab, R or other scripting language.
Product: The candidate must understand risk management methodologies, particularly product valuation and stress testing, as applied to financial instruments across all asset classes.
Communication: The candidate must be able to clearly and logically articulate a view, both verbally and in writing.
Work style: The candidate must possess a strong risk and control mindset, have strong partnership skills, be very detailed oriented but also able to deliver on multiple time sensitive timelines. In addition, the candidate must be able to work independently.
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