Credit Risk Middle Office Associate

Location: Newark, DE, United States

Job Family: Risk Reporting

About the Role

At JP Morgan Chase, our Risk Management and Compliance division plays a pivotal role in safeguarding the firm's resilience by providing robust credit risk support across our global operations. As a Credit Risk Middle Office Associate in the Risk Reporting category, you will join a dynamic team in Newark, DE, focused on monitoring and analyzing credit exposures to ensure the stability of our corporate and investment banking portfolios. This position offers the opportunity to contribute to high-impact risk management initiatives at one of the world's leading financial institutions, where innovation and precision drive our approach to navigating complex market dynamics. In this role, you will be responsible for conducting in-depth credit risk analyses, preparing comprehensive reports for senior stakeholders, and collaborating with front office, compliance, and technology teams to maintain accurate risk metrics. Daily tasks will include stress testing portfolios against economic scenarios, ensuring adherence to regulatory frameworks like Basel III and CCAR, and identifying potential risks in wholesale lending activities. Your work will directly support JP Morgan Chase's commitment to sound risk practices, helping to protect client assets and uphold our reputation for integrity in the financial services industry. We seek candidates who thrive in a collaborative, fast-paced environment and bring a strong foundation in credit risk principles. This position not only provides exposure to advanced risk tools and methodologies but also offers pathways for career growth within JP Morgan Chase's expansive Risk Management organization. Join us to leverage your expertise in a role that combines analytical rigor with strategic insight, contributing to the firm's ongoing success in a competitive global landscape.

Key Responsibilities

• Conduct daily monitoring and analysis of credit exposures across corporate and investment banking portfolios
• Prepare and distribute risk reports to senior management, highlighting key metrics and potential issues
• Collaborate with front office and compliance teams to ensure accurate credit risk assessments and limit adherence
• Perform stress testing and scenario analysis to evaluate portfolio resilience under various economic conditions
• Support regulatory reporting requirements, including submissions for CCAR and internal capital adequacy assessments
• Identify and escalate emerging credit risks, recommending mitigation strategies as needed
• Maintain and update credit risk databases, ensuring data integrity and timeliness
• Assist in the development of risk management policies and procedures aligned with JP Morgan Chase standards
• Participate in ad-hoc projects related to credit portfolio optimization and risk model enhancements
• Ensure compliance with internal controls and audit requirements in all risk reporting activities

Required Qualifications

• Bachelor's degree in Finance, Economics, Business Administration, or a related field
• Minimum of 2-3 years of experience in credit risk management, middle office operations, or financial services risk analysis
• Strong understanding of credit risk principles, including credit assessment, portfolio monitoring, and regulatory compliance
• Proficiency in financial modeling and data analysis tools relevant to risk reporting
• Knowledge of banking regulations such as Basel III, Dodd-Frank, and CCAR requirements
• Ability to work in a fast-paced, high-stakes environment with attention to detail
• U.S. work authorization and willingness to relocate to Newark, DE

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance or Risk Management
• Experience with JP Morgan Chase systems or similar large-scale banking platforms
• Certification in credit risk, such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst)
• Prior exposure to wholesale or commercial banking credit portfolios
• Familiarity with Python or R for risk analytics

Required Skills

• Credit risk analysis and modeling
• Financial statement analysis
• Data visualization and reporting (e.g., Excel, Tableau)
• Regulatory knowledge (Basel, CCAR)
• Attention to detail and accuracy
• Analytical thinking and problem-solving
• Communication and stakeholder management
• Time management in high-pressure environments
• Proficiency in Microsoft Office Suite
• SQL for database querying
• Risk assessment and mitigation
• Team collaboration and cross-functional coordination
• Quantitative analysis skills
• Adaptability to changing market conditions
• Ethical judgment in compliance matters

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company matching
• Paid time off including vacation, sick days, and parental leave
• Professional development programs and tuition reimbursement for advanced education
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness programs at JP Morgan Chase locations
• Flexible work arrangements and hybrid options where applicable

JP Morgan Chase is an equal opportunity employer.