The Credit Portfolio Group (CPG) is a fully integrated public-side function with a global presence in London, Paris, New York, and Singapore. CPG manages both counterparty credit and funding risks around client transactions and works with key stakeholders to facilitate the efficient use of capital, particularly those components of total capital most related to CPG activities.
XPCS is part of CPG and acts as a general center of expertise around derivatives. The group has a broad solutions and advisory mandate, working closely with Sales, Structuring, XVA Trading (XVAT), LOB Trading, Credit Risk, Market Risk, Quantitative Research (QR), Legal, and Regulatory Policy. XPCS assists with exposure and capital models and pricing the appropriate XVA.
Job Summary:
As an Associate for the XVA Pricing & Capital Solutions (XPCS) Credit Portfolio Group (CPG) team, you will be part of a fully integrated public-side function with a global presence. You will work closely with Sales, Trading, and key stakeholders to analyze, model, and price complex derivatives, supporting efficient capital use and risk management. If you are intellectually curious and passionate about shaping risk solutions in a dynamic environment, this role is for you.
Job Responsibilities
- Analyze, model, and price material derivatives as part of trade execution
- Determine XVA (credit, funding, and capital implications/pricing) for credit-intensive or complex bilateral derivative transactions, ensuring proper handoff to trading desks
- Execute XVA hedges for onboarded client activity
- Support structuring of transactions to enable sensible risk/reward evaluation
- Develop new risk measurement tools in partnership with Quantitative Research
- Improve the bank’s derivatives infrastructure
- Build strong relationships with Sales, Trading, and relevant stakeholders across NA and LatAm regions
Required qualifications, capabilities, and skills
- Strong understanding of derivative exposure methodology
- Proficiency in various modelling tools
- Ability to shape qualitative risk considerations alongside quantitative metrics
- Excellent communication and relationship-building skills
- Experience working in a fast-paced, collaborative environment
- Analytical mindset with attention to detail
- Bachelor’s degree in a relevant field (Finance, Mathematics, Engineering, or similar)
Preferred qualifications, capabilities, and skills
- Familiarity with XVA concepts and derivatives risk management
- Experience with quantitative research or risk measurement tools
- Advanced degree (Master’s or PhD) in a quantitative discipline
- Fluency in Spanish or Portuguese
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
JPMorganChase New York, New York, USA Office
270 Park Avenue, New York, NY, United States, 10017-2014
JPMorganChase New York, New York, USA Office
4 Metrotech Center, New York, NY, United States, 11201
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