Counterparty Credit Risk Analyst/Associate

Job Description Counterparty Credit Risk (CCR) team, part of Wholesale Credit Risk, is responsible for measuring counterparty exposures, conducting ad-hoc risk investigations and analyses in partnership with credit officers, assessing and negotiating CSA terms, determining initial margin requirements, and maintaining all credit exposure metrics. The team also leads regulatory and capital stress testing exercises (CCAR, EBA, ICAAP), monitors exposures at the JPM legal entity level, evaluates collateral pools for emerging risk themes, and provides credit coverage for clearing house counterparties, including regulatory advocacy. As a member of the CCR EMEA Capital team, the Analyst/Associate will support CCR risk management, ICAAP execution, regulatory CCR stress testing with a focus on legal entities in EMEA. Job Responsibilities Monitor exposures for JPM legal entities in EMEA and provide explanations for significant exposure changesSupport the team’s contributions to ICAAP processes, including capital stress testing, designing stress scenarios, and calculating capital add-ons (Pillar 2 assessment of risks not covered by Pillar 1)Assist the team in completing regulator-mandated counterparty risk stress testing exercisesMonitor portfolio exposures against established thresholds for JPM legal entities in EMEAContribute to any thematic analysis in response to market eventsDevelop tools, as needed, to automate existing workflowsParticipate in projects focused on key counterparty credit exposure metrics and technical enhancementsCollaborate with QR, Technology, Product, and other stakeholders to continuously review and improve exposure methodologies and toolsSupport regulatory and audit requirements as needed Required qualifications, capabilities, and skills Bachelor’s degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or EconomicsProficiency with MS Excel, familiarity with BloombergProficiency in Python programming and data visualization tools such as Tableau and AlteryxGood understanding of derivatives (bilateral and cleared), Futures and Options, Margin Lending and Securities Financing productsAdept at using LLM capabilities to drive efficiencyUnderstanding of concepts relating to CCR exposures, PFE, wrong-way risk, risk sensitivity and stress testing across asset classesStrong written and verbal communication skills: able to clearly explain technical concepts to non-specialists, adapt communication style to different audiences, and assertively present and defend viewpoints when necessaryStrong sense of accountability and ownership: diligent, self-motivated, and results-oriented; demonstrates a risk mindset and confidence in making, articulating, and challenging risk judgments Preferred qualifications, capabilities, and skills Prior experience in market and/or counterparty credit risk, particularly with a focus on margin, collateral, or exposure metrics, is preferred; strong candidates from other backgrounds will also be consideredKnowledge of capital rules for CCR (IMM and SA-CCR) preferred Experience in ICAAP, capital management, or regulatory capital reporting is strongly preferred