Wholesale Counterparty Credit Risk Product Owner

Location: LONDON, United Kingdom

Job Family: Associates

About the Role

At JP Morgan Chase, we are a leading global financial services firm with operations spanning investment banking, consumer and community banking, commercial banking, and asset and wealth management. Our Counterparty Credit Risk Team plays a pivotal role in safeguarding the firm against potential losses from wholesale counterparties, ensuring robust risk management in derivatives, securities financing, and other capital markets activities. As the Wholesale Counterparty Credit Risk Product Owner, you will join our dynamic team in London, driving innovation in risk products that support our clients' needs while adhering to stringent regulatory requirements. This associate-level role offers a unique opportunity to grow within a high-impact environment, contributing to JP Morgan's commitment to excellence in financial risk management. In this position, you will act as the visionary leader for counterparty credit risk products, translating complex business and regulatory needs into actionable development roadmaps. You will work closely with traders, quants, and technology teams to prioritize features that enhance exposure monitoring, collateral optimization, and stress testing capabilities. Your role will involve agile sprint planning, backlog grooming, and performance tracking to deliver solutions that mitigate risks in volatile markets. At JP Morgan Chase, you will leverage cutting-edge tools and data analytics to influence product strategy, ensuring our wholesale banking division remains resilient and competitive. We value professionals who thrive in collaborative, fast-paced settings and bring a blend of technical expertise and strategic insight. This role not only offers exposure to senior leadership and global projects but also aligns with JP Morgan's culture of innovation and integrity. If you are passionate about counterparty credit risk and eager to make a tangible impact in the financial services industry, join us in London to shape the future of risk management at one of the world's most admired banks.

Key Responsibilities

• Lead the development and enhancement of counterparty credit risk products for wholesale clients at JP Morgan Chase
• Collaborate with cross-functional teams including traders, risk managers, and technology specialists to define product requirements
• Oversee the agile lifecycle of risk product features, from ideation to deployment and monitoring
• Ensure compliance with global regulatory standards and internal JP Morgan policies on credit risk
• Analyze market trends and counterparty exposures to recommend product improvements
• Facilitate stakeholder engagement to align product roadmap with business objectives
• Monitor product performance metrics and drive continuous optimization
• Mentor junior team members in counterparty credit risk best practices
• Contribute to the strategic planning of the Counterparty Credit Risk Team
• Liaise with external regulators and auditors on product-related risk assessments

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field
• Minimum of 5 years of experience in counterparty credit risk management within wholesale banking or financial services
• Strong understanding of regulatory frameworks such as Basel III, Dodd-Frank, and EMIR
• Proven experience in product ownership or agile methodologies in a risk management context
• Knowledge of counterparty credit risk products including derivatives, securities financing, and collateral management
• Ability to analyze complex financial data and risk models
• Professional certification such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst)

Preferred Qualifications

• Advanced degree (Master's or PhD) in a quantitative discipline
• Experience working at a global investment bank like JP Morgan Chase
• Familiarity with JP Morgan's internal risk systems and tools
• Prior involvement in cross-functional projects involving technology and risk teams
• Demonstrated leadership in agile product development for financial risk solutions

Required Skills

• Expertise in counterparty credit risk modeling and valuation
• Proficiency in SQL, Python, or R for data analysis and risk simulation
• Strong knowledge of financial derivatives and structured products
• Agile product management methodologies (Scrum, Kanban)
• Excellent communication and stakeholder management skills
• Analytical thinking and problem-solving in high-pressure environments
• Regulatory compliance and risk assessment capabilities
• Project management tools like Jira or Confluence
• Understanding of collateral management systems (e.g., triparty repo)
• Team leadership and collaboration in multicultural settings
• Attention to detail in financial reporting and documentation
• Adaptability to evolving market and regulatory landscapes
• Quantitative modeling for exposure calculations (e.g., CVA, PFE)
• Soft skills in negotiation and influence across business units

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance coverage
• Generous 401(k) matching and pension contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development programs and tuition reimbursement
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness initiatives at JP Morgan offices
• Global mobility opportunities and relocation support for international roles

JP Morgan Chase is an equal opportunity employer.