Job Description
Join JPMorgan Chase Asset and Wealth Management (AWM) as a Team Lead in Counterparty Risk, driving thought leadership and collaboration within your cross-functional team to ensure comprehensive counterparty risk management practices across Asset and Wealth Management businesses.
Bring your Expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
Job Summary
As the Asset and Wealth Management (AWM) International Counterparty Risk Team Lead, you will lead and manage the counterparty risk functions within Asset Management (AM) and Wealth Management (WM) Counterparty Risk, as well as WM Counterparty Credit Risk. Your expertise in Firmwide, Wholesale Credit, and AWM counterparty risk management frameworks, governance, and regulatory requirements will be crucial as you contribute to the development of AWM Counterparty Risk organizational strategy. You will foster collaboration across counterparty risk team members and serve a key function in overseeing compliance with wholesale policy and any AWM-specific framework documentation standards and guidelines.
Job Responsibilities
* Lead and manage team responsible for AM and WM Counterparty Risk, overseeing compliance with end-to-end counterparty governance frameworks, with a focus on international clients, counterparties and business areas.
* Drive the consolidation and alignment of AWM Counterparty risk functions.
* Collaborate with cross-functional teams, including Wholesale Credit and AM/WM Investment Risk teams to ensure comprehensive and consistent risk management practices.
* Oversee counterparty risk exposure trends, thresholds / limit frameworks, and policies / guidelines / procedures applicable to AWM clients and counterparties.
* Lead strategic counterparty initiatives, driving the technology agenda for infrastructural change and exposure connectivity across business and risk systems.
* Provide credit risk oversight during the negotiation of ISDA Master Agreements, Credit Support documentation, and other legal contracts with counterparties by collaborating closely with legal and business teams to ensure that counterparty and credit risk considerations are accurately and comprehensively reflected in contractual terms.
* Present counterparty risk topics, framework updates, strategies, and methodologies in risk committees and forums, engaging with senior stakeholders across Asset Management and Wealth Management to communicate risk exposures, mitigation strategies, and provide credible 2nd Line of Defense challenge.
* Engage on new business initiatives by providing guidance on counterparty risk requirements and participating in due diligence meetings for client accounts.
* Support control agendas across AWM internal and external audits and control reviews.
* Ensure compliance with regulatory capital and stress testing requirements, framework development and ownership determination, provide inputs for firmwide submissions, and ensure compliance with developing Asset Management regulatory requirements for Funds, Investment Advisors, and all other Fiduciary roles.
Required Qualifications, Capabilities, and Skills
* Demonstrated leadership skills with the ability to manage cross-functional teams.
* Extensive experience in counterparty risk management within financial institutions.
* Strong understanding of financial trading activities and associated risks.
* Familiarity with counterparty risk frameworks and regulatory compliance.
* Experience negotiating legal documentation
* Excellent analytical and problem-solving abilities.
* Strong communication and interpersonal skills.
Preferred Qualifications, Capabilities, and Skills
* Experience in Asset and Wealth Management.
* Proven ability to manage high-performing teams through transformation.
* Development of data reporting and new metric creation.
* Technical understanding of Asset Management regulatory requirements across fund types and jurisdictions.
* Familiarity with AWM-specific framework documentation standards and guidelines.
About Us
JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.