What are the responsibilities and job description for the Risk Management - Commercial & Investment Bank Credit Risk Hedge Funds Associate position at JPMorgan Chase?
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.
As a Hedge Fund Credit Risk Associate on the Commercial and Investment (CIB) Credit Risk Management Team, you will be responsible for managing counterparty credit exposure to a client base consisting of hedge funds and other alternative managers employing a diverse set of investment strategies. You will develop quantitative and qualitative skills to analyze the creditworthiness of these clients and manage counterparty credit exposure associated with client trading, clearing, prime brokerage and custody activity. Our team is responsible for extending credit to counterparties through traditional lending activity and market based transactions.
Job Responsibilities
- Assess creditworthiness of clients and assign appropriate credit ratings
- Perform customer due diligence and financial analysis and summarize in written credit approval memos and reviews
- Review and approve trading activity, including recommending margin requirements as well as structural enhancements
- Set and communicate credit exposure appetite across trading products utilizing internal exposure methodologies
- Oversee legal negotiations for traded products
- Be principal contact for and partner with colleagues from Sales & Trading, Prime Brokerage, Investor Client Management, Treasury & Security Services, Legal, Investment Banking Coverage, Syndicated & Leveraged Finance, Debt Capital Markets, and Ratings Advisory
- Understand market developments and industry trends and assess the impact on client portfolios and strategies
- Demonstrate ability to mentor/guide junior resources
- Lead group wide efficiency projects
Required Qualifications, Capabilities and Skills
- Undergraduate degree in finance or related field
- An understanding of accounting, trading products and an interest in markets
- Strong interest in client interaction and possess outstanding verbal and written communication skills
- Ability to multi-task and perform well under pressure on teams in a demanding environment
- Highly proficient in Excel, PowerPoint and Word