At a Glance
- Tasks: Lead risk control initiatives and enhance portfolio management processes in a dynamic financial environment.
- Company: Join a leading financial institution focused on innovative risk management solutions.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Engage with global stakeholders and contribute to high-impact transformation projects.
- Why this job: Make a significant impact on risk management while collaborating with diverse teams and cutting-edge technology.
- Qualifications: Degree in finance or related field, strong analytical skills, and proficiency in Python and SQL.
Counterparty Risk (CCR), part of Wholesale Credit Risk, is responsible for measuring and monitoring counterparty exposures across OTC derivatives (cleared and non-cleared), Futures and Options, Securities Financing, Securities Prime Services, CCPs and Commodities. The broader CCR organization oversees exposure measurement, risk monitoring and escalation, ad hoc risk investigations and analyses, assessment of collateral and margin arrangements, ownership of credit exposure metrics, and the development and maintenance of related exposure calculation and reporting capabilities. This is a dynamic area of risk management at the intersection of markets, analytics, controls, and technology, offering broad product exposure and the opportunity to contribute to high-impact risk and transformation initiatives.
As a Counterparty Credit Risk Vice President in the Risk Controls, Projects and Transformation team, you will play a key role in strengthening the team's control framework, enhancing portfolio-level risk management processes, and advancing strategic transformation priorities. The role offers a broad platform across risk oversight, portfolio analytics, process improvement, and cross-functional delivery, with interaction across Quantitative Research, Technology, Product, Credit Officers, and other stakeholders.
Responsibilities
- Support and enhance the team's risk control framework, including oversight of Risk Not In Stress (RNIS) and Risk Not In Peak (RNIP) and related control processes.
- Oversee and challenge model compensating controls to ensure appropriate governance, monitoring and escalation of exposure-related adjustments.
- Monitor and manage portfolio thresholds at an aggregate or portfolio level, investigate significant movements, and provide clear analysis and recommendations.
- Perform ad hoc risk investigations and thematic analyses in response to market events, business questions, control reviews, or senior management requests.
- Drive projects and transformation initiatives aimed at improving team efficiency, control robustness, data quality, and workflow effectiveness.
- Develop and maintain analytical tools and automation solutions using Python, AI/LLM-enabled techniques where relevant, and other data tooling to streamline reporting, monitoring, and analysis processes and support more efficient decision-making.
- Leverage platforms such as Tableau, Alteryx, and related technologies to improve transparency, scalability, and delivery of management information.
- Partner with Technology and other teams across Wholesale Credit Risk to support strategic enhancements in data, analytics, automation, and emerging capabilities.
- Collaborate closely with Quantitative Research, Technology, Product, Credit Officers, and other stakeholders to review methodologies, improve processes, and address risk management priorities.
- Support regulatory, audit, governance, and control-related deliverables as needed.
- Work across a broad range of products and counterparty types, contributing to consistent and effective risk oversight across the CCR portfolio.
Qualifications
- Bachelor's degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics.
- Strong analytical and problem-solving skills, with the ability to synthesise complex risk information, identify practical solutions, and communicate insights clearly to different audiences.
- Proficiency in Python programming and SQL, and experience using data and visualization tools such as Tableau, Alteryx, ThoughtSpot, or similar platforms to support analytics, automation, and process improvement.
- Good understanding of derivatives (bilateral and cleared), Futures and Options, Securities Financing, Prime Services, and related counterparty credit risk products.
- Understanding of key CCR concepts, including exposure measurement, PFE, collateral and margin, model overlays or compensation, portfolio thresholds, RNIS, RNIP, and stress or sensitivity analysis across asset classes.
- Proficiency with MS Excel and strong comfort working with large data sets and analytical workflows.
- Strong written and verbal communication skills, with the ability to explain technical concepts to non-specialists and engage constructively with a broad stakeholder group.
- Strong sense of accountability and ownership; self-motivated, control-minded, and confident in making, articulating, and challenging risk judgments where appropriate.
- Ability to work effectively across functions and build strong partnerships with Quantitative Research, Technology, Product, Credit Officers, and other stakeholders.
Preferred qualifications, capabilities, and skills
- Prior experience in market risk and/or counterparty risk, particularly in controls, analytics, portfolio management, collateral or exposure-related roles.
- Experience supporting risk control frameworks, governance processes, model-related controls, or portfolio threshold management.
- Experience delivering automation, reporting, or workflow improvement initiatives in a risk, analytics, or control environment, with the ability to translate business needs into practical solutions.
- Experience designing or implementing AI/LLM-enabled solutions to support analytics, automation, or workflow enhancement is advantageous.
- Familiarity with regulatory expectations, audit processes, and governance requirements relevant to counterparty credit risk is preferred.
- Experience working across diverse stakeholders in a complex global organization is advantageous.
Counterparty Risk - Vice President in City of Westminster employer: Jpmorgan Chase & Co.
As a leading player in the financial services sector, our company offers an exceptional work environment for professionals in Counterparty Risk. With a strong emphasis on employee growth and development, we provide access to cutting-edge tools and technologies, fostering a culture of innovation and collaboration. Located in a vibrant city, our team enjoys a dynamic atmosphere that encourages meaningful contributions to high-impact risk management initiatives while benefiting from comprehensive support and resources.
StudySmarter Expert Advice🤫
We think this is how you could land Counterparty Risk - Vice President in City of Westminster
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Jpmorgan Chase & Co. looking for candidates who are engaged and informed.
We think you need these skills to ace Counterparty Risk - Vice President in City of Westminster
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Jpmorgan Chase & Co.. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Jpmorgan Chase & Co.
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Jpmorgan Chase & Co.’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
