CRSM – Analyst

CRSM – Analyst Jobs in Mumbai, Maharashtra at JPMorgan Chase Bank, N.A.

Title: CRSM – Analyst

Company: JPMorgan Chase Bank, N.A.

Location: Mumbai, Maharashtra

Organization

The Counterparty Risk Stress and Margin team (“CRSM”) works within Credit Risk to measure and manage the risk generated from trading activities with JP Morgan clients across all asset classes, products, and client types. Clients are primarily Hedge Funds and traditional Asset Managers but also include Banks and Broker Dealers, Insurance Companies, Pensions and Corporates. Asset classes include equities, rates, FX, credit and commodities. CRSM International Capital is part of CRSM within Wholesale Credit Risk (WCR) and is responsible for the models, methodologies and infrastructure supporting the calculation of counterparty credit risk (CCR) exposures for advanced capital calculation purposes and associated internal risk and capital management use cases.

Job Description

CRSM International Capital is a specialist team and is responsible for the design and implementation of advanced CCR capital frameworks. These responsibilities span across IMM, ICAAP, CCR stress testing and local implementations of SA-CCR. The team is currently based in London, Frankfurt and Mumbai. This role is in Mumbai with its focus on J.P. Morgan AG (JPMAG), the firm’s primary legal entity for booking of CCR transactions with EU clients, will expand CRSM’s presence in the EU. The role will also support J.P. Morgan Bank Luxembourg, as required.

Primary stakeholders include JPMS plc’s/JPMAG’s CRO and CFO teams, Capital Policy, Credit Officers, Quantitative Research and Model Governance teams, Technology partners, as well as relevant regulators (PRA, ECB, BaFin, Bundesbank). The role reports locally with a dotted line to the head of CRSM International Capital in London.

The candidate will collaborate with the global CRSM team and with other subject matter experts at the Firm to define appropriate stress levels and stress methodologies. The job requires regular interaction with the trading desks, the Clearing Business, clients, credit officers, and market risk.

Responsibilities

Establish a strong presence with stakeholders in (relevant Legal entity) and across other EMEA/Global locations, including Credit Officers, Sales/Trading, In-Business Risk teams and Senior Management.

Support JPMS plc’s/JPMAG’s application for permission to use its internal models for the calculation of CCR capital requirements (IMM)

Own governance and oversight of JPMS plc’s/JPMAG’s implementation of approved internal CCR capital models

Regulatory examinations and interactions: Participate, prepare and coordinate responses to regulators, and oversee projects to remediate regulatory and/or audit findings

Fluency in regulatory model change requirements

Awareness of baseline CCR capital concentrations, trends, stress behavior