Risk's not the problem – provided you know how to manage it.

When we generate revenue through lending, trading and capital markets activity, there's always the risk that the return on our investment won't be what we expect. We don't like surprises. Neither do our clients. Our Risk managers see to it that we understand and manage risk effectively to minimize any unexpected results.

Risk in itself is no bad thing. After all, without risk, there'd be no profit. But it's a fine line - risk has a highly visible impact on the results of the firm, so the more successfully we manage risk, the more successful we are as a bank.

Such bottom line impact places Risk Management right at the very heart of what we do as a business - as well as at the heart of global industry and commerce. Risk matters. Our Risk managers enjoy high profile roles that have a visible influence on the performance of the bank across the entire product range.

Although we break risk down into the five areas of Credit Risk, Market Risk, Operational Risk, Legal Risk and Reputation Risk, we run graduate and intern programs only in Credit Risk, although you will be exposed to the other areas of risk throughout your training.

Credit risk is the risk of loss if a client fails to honour their obligations. It's an element in virtually every service and product we provide to our clients. Its prevalence means that the training you receive as a graduate will provide you with an outstanding foundation for your long-term career development anywhere in JPMorgan. In fact, with eight weeks' intensive induction in New York followed by a three-year rotational programme, you'll work alongside industry experts on a wide range of challenging projects. Just don't expect to be treated any differently from the rest of the team - not only will you be working on a $200 billion global risk portfolio, but you'll also be working with a small, elite team consisting of senior colleagues, clients, lawyers and syndicate banks. We'll expect you to perform.

Frequently, there may be more than one possible solution to solve a client's financial needs. This is why our Credit Risk teams work so closely with their colleagues in Investment Banking and Markets to ensure we find the right answer. This commitment to collaboration allows us to maximise our client relationships whilst managing the exposure we take on. Indeed, we organise ourselves in a way that's unique in our industry - by combining the credit analysis and decision making functions, the private side management and monitoring, and the public side analysis and trading, we're able to offer our clients (not to mention our graduates) a holistic view of risk management.

There are three main groups with Credit Risk: Credit Risk Management, the Credit Portfolio Group and the Special Credits Group.

Credit Risk Management

This group can be divided into two distinct areas – company/transactional risk and portfolio/industry risk. In both areas, Credit Risk Managers need to become credit experts and have an active dialogue with clients.

Credit Portfolio Group

A public side risk management group, this team actively manages the retained credit portfolio of the Investment Bank. The group is split into trading, management and research. The research and management teams provide independent research, analysis and strategy on clients and industry sectors so that the trading group can act to mitigate retained credit risk by trading in the credit markets.

Special Credits Group

This group specialises in managing credit exposures where the client may be experiencing financial distress. The primary mandate of this group is to maximise the firm's economic outcome whether by lending more money or approving debt to equity swaps. In addition, the Special Credits Group may develop restructuring strategies by advising their colleagues in Mergers & Acquisitions.