Duties: Support the firm's capital governance framework through independent research, interpretation, and application of regulatory guidance and policy interpretations to maintain compliance with publicly issued regulatory capital rules in a dynamic and complex regulatory environment. Monitor market economic drivers and macroeconomic factors to analyze changes in Risk-Weighted Assets (RWA) and capital requirements. Evaluate and model market risk scenarios to inform capital planning and stress testing. Provide timely, actionable challenges to stakeholders regarding internally developed capital policy guidance and exposure categorization recommendations to ensure adherence with capital rules. Evaluate complex market risk pricing models, analytical tools, and calculators to verify alignment with current Market Risk Capital Rules, Fundamental Review of the Trading Book, and other regulatory capital frameworks. Collaborate with model development and validation teams to address findings, implement enhancements, and document model governance processes. Work cross-functionally to design, enhance, and maintain robust market risk dashboards and analytical tools focused on capital metrics. Drive automation and process improvements in capital reporting and analytics.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Financial Engineering, Finance, Mathematics, or related field of study plus five (5) years of experience in the job offered or as Capital Risk Lead, Capital Risk Manager, Market Risk Manager, Quantitative Analyst, or related occupation. The employer will alternatively accept a Bachelor's degree in Financial Engineering, Finance, Mathematics, or related field of study plus seven (7) years of experience in the job offered or as Capital Risk Lead, Capital Risk Manager, Market Risk Manager, Quantitative Analyst, or related occupation.
Skills Required: This position requires five (5) years of experience with the following: performing calculations and analysis of market risk, credit-valuation adjustment, emerging asset classes, including presenting and defending analysis to internal and external stakeholders; managing the market risk capital of a financial institution; leveraging machine learning, Python, and analytical market-based platforms to gather and analyze capital data to develop and run models for financial and risk analysis; using PowerPoint to prepare and present results of financial and risk analysis and recommendations; automating market risk reporting using SQL; computing market risk and credit-valuation adjustment risk-weighted assets (RWA) and preparing variance analysis using standardized and advanced approaches under the U.S. Basel III capital rule; analyzing market risk and market risk exposure and associated capital and RWA including Value-at-Risk (VaR)-based measure, Stressed VaR-based measure, incremental risk charge, and the market risk standardized charge; managing VaR and Stressed VaR metrics by calibrating and validating risk models to quantify potential losses under normal and stressed market conditions; setting and reviewing market risk limits in line with quantitative analysis, regulatory requirements, and a financial institution's risk appetite; collaborating cross-functionally with Finance, Risk Management, Legal, and Capital Management teams to ensure effective risk governance; evaluating and approving trades and new product offerings based on risk-reward analysis; utilizing variance, standard deviation, and normal distribution to quantitatively analyze data for risk assessments and stakeholder decisions; designing and implementing Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act Stress Test scenario frameworks and stress testing programs to ensure regulatory compliance.
Job Location: 4 Chase Metrotech Ctr, Brooklyn, NY 11245.
Full-Time. Salary: $200,900 - $209,000 per year.
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
Skills Required
- Master's degree in Financial Engineering, Finance, Mathematics, or related field plus 5 years' relevant experience OR Bachelor's plus 7 years' relevant experience.
- Minimum 5 years performing calculations and analysis of market risk, credit-valuation adjustment (CVA), and emerging asset classes, including presenting and defending analysis to stakeholders.
- Experience managing market risk capital and computing risk-weighted assets (RWA) using standardized and advanced approaches under U.S. Basel III.
- Experience with VaR, Stressed VaR, incremental risk charge, market risk standardized charge, and model calibration and validation.
- Experience leveraging machine learning and Python to gather/analyze capital data and develop/run financial and risk models.
- Experience automating market risk reporting using SQL.
- Proficiency using PowerPoint to prepare and present financial and risk analysis and recommendations.
- Experience designing and implementing CCAR and Dodd-Frank Act Stress Test (DFAST) scenario frameworks and stress testing programs.
- Proven ability to collaborate cross-functionally with Finance, Risk Management, Legal, and Capital Management teams.
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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