Counterparty Credit Risk - Quantitative Research @ JPMorgan Chase Bank, N.A. - New York, NY

Job Overview

7 days ago

Counterparty Credit Risk - Quantitative Research

JPMorgan Chase Bank, N.A. - New York, NY

At JP Morgan we take pride in having a world-class counterparty risk management framework.

The Counterparty Credit Risk - Quantitative Research (CCR QR) group is responsible for the development and support of the models used to quantify and risk-manage counterparty risk and funding risk. This group is also responsible for margin modeling and calculation of credit risk capital.

This position is a quant position in CCR QR with a focus on non-cleared Initial Margin. JP Morgan uses the industry-wide SIMM model and is a participant member in the industry working group that maintains and develops the SIMM model. The candidate would work on all aspects of SIMM: interaction with the ISDA working group, interaction with the relevant internal groups, such as Collateral Risk, the front office quant groups, the model risk and model governance groups, as well as interaction with the regulators.

Core responsibilities

  • Work with ISDA on the SIMM upgrades
  • Onboard products on SIMM
  • Support the Collateral Risk team in SIMM reconciliation
  • Initial Margin optimization
  • Initial Margin projection and Margin Valuation Adjustment


  • Excellent analytical and problem solving abilities
  • Excellent communication skills (written and verbal)
  • Solid understanding of probability theory, stochastic processes, numerical methods
  • Team work oriented
  • Ability and willingness to learn new things
  • The following are considered a plus, but are not requirements:

o PhD or MS degree in a STEM field

o 1-2 years experience in the finance industry

o Python, C/C++ coding experience

JPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. These requirements may include sharing information in the firm's vaccine record tool, vaccination or regular testing, mask wearing, social distancing and daily health checks. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests.

Equal Opportunity Employer/Disability/Veterans

Similar Jobs

Vice President, Loan Services


Princeton, NJ

Demonstrate product and functional knowledge of the loan and fixed income markets in order to communicate with the business and trading counterparties.

Credit Risk Analyst (Infrastructure & Project Finance)

JPMorgan Chase Bank, N.A.

New York, NY

Prior experience, credit/counterparty risk in infrastructure is a plus. Perform portfolio management activities including analyzing amendment and waiver…

AM - Investment Risk Associate - Alternatives

JPMorgan Chase Bank, N.A.

New York, NY

AM Risk is a team of experienced quantitative and market risk oriented professionals responsible for developing and maintaining market, investment, liquidity…

CIB Equities Middle Office - Trading Services Associate - New York- 2022 ReEntry Program

JPMorgan Chase Bank, N.A.

New York, NY

Liaise with traders and counterparties to ensure accurate and timely trade capture in the Risk Management systems.

Trade Portfolio Manager (Associate), Global Trade

JPMorgan Chase Bank, N.A.

Jersey City, NJ

Financial analysis skills across both corporates, financials and sovereign credits. Work with regional Sales teams to ensure timely bulk renewal of Trade credit…

Global Trade Risk and Control Manager- Senior Associate

JPMorgan Chase Bank, N.A.

Jersey City, NJ

3+ years of relevant operational risk management and controls experience, with strong working knowledge of corporate finance/corporate credit.

Quantitative Research - Counterparty Credit Risk Analyst / Associate

JPMorgan Chase Bank, N.A.

New York, NY

Proximity to counterparty trading desk and credit risk organization to support and enhance the management of counterparty risks and credit capitals.

Equities Trade Support - Associate I

JPMorgan Chase Bank, N.A.

New York, NY

Liaise with traders and counterparties to ensure accurate and timely trade capture in the Risk Management systems.

Originations, Legal Finance


New York, NY

Structured credit and finance background. You will be working within an experienced sales team and alongside our experienced Legal Finance credit team.

Associate, Oversight & Supervision

Morgan Stanley

Purchase, NY

Liaison with external service providers and counterparties as necessary. EDUCATION LEVEL: Bachelor's Degree. The Senior Analyst, Oversight & Supervision will be…

Senior Risk Manager


Iselin, NJ

Prepare and sensitize cash flow models to accurately assess credit risk. You will provide credit and structure analysis (underwriting) on proposed and actual…

Quantitative Research - Credit Portfolio Group - XVA - Executive Director

JPMorgan Chase Bank, N.A.

New York, NY

CPG is responsible for the valuation and risk management of XVAs, e.g. credit and funding valuation adjustments (CVA and FVA), which is the market price of…

Confidentiality Agreement Negotiator / Gatekeeper

JPMorgan Chase Bank, N.A.

Jersey City, NJ

This position is responsible for the preparation, negotiation, and execution of confidentiality agreements with external trading counterparties in the secondary…

Experienced Credit Specialist Recovery

Credit Suisse

New York, NY

Structuring, negotiating and executing DIP facilities for impaired counterparties; Assisting the senior members of RM IB with monitoring of business and…

Associate- Syndication Portfolio Management

Capital One - US

Melville, NY

The team ensures our obligations are met by working closely with internal stakeholders, including but not limited to Syndications front office, Underwriting and…

Associate Entry Level

Computing Concepts Inc

New York, NY

Successful delivery of enhancements to platforms & system flows to streamline credit approvals and counterparty limit monitoring.

Audit Supervisor- Counterparty Credit Risk

Bank of America

New York, NY

Independently executes assigned audit activities and supervises audit team. Utilizes sound, seasoned analytical skills and possesses product, business, and…

Credit Risk Management Latin America

Nomura Holdings, Inc.

New York, NY

Experience analysing Latin American counterparties in a credit risk function, including the local legal framework.

Senior Manager, Market Risk


New York, NY

Contributes to the overall success of Trade Floor Risk Management / for GBM in the U.S. and globally ensuring specific individual goals, plans, initiatives are…

Corporate Actions Analyst

Cowen, Inc

New York, NY

Support of Agency Lending processing, liaising with counterparties on deadlines, elections and entitlement processing. Good risk management approach skills.

Counterparty Risk Management, Vice President

Sumitomo Mitsui Banking Corporation

New York, NY

Oversees team responsible for production of daily counterparty credit exposure reports. Manages counterparty credit risk (CCR) framework including credit…

Shareholder Relations, Associate / Vice President

Blackstone Group

New York, NY

The associate-to-VP level team member will be responsible for the firm’s investor relations workflow, including communications with external counterparties,…

Investment Analyst

Essent Guaranty, Inc.

Radnor, PA

We offer private mortgage insurance, also known as mortgage guaranty insurance, MI or private MI, for single-family mortgage loans in the United States,…

Counterparty Risk Analyst/Coordinator

Essent Guaranty, Inc.

Radnor, PA

Support CRT process by actively monitoring Reinsurer counterparty health and individual deal collateral eligibility.