As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient by helping the firm grow its business in a responsible way through anticipating new and emerging risks and using expert judgement to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management and Compliance is about thinking outside the box, challenging the status quo, and striving to be best-in-class. Chief Investment Office, Treasury and Corporate Risk manages the risk of the retained portfolio generated from the Chief Investment Office, Global Treasury, and other Corporate businesses (Firm-wide Pension Plan, Insurance programs, and Mortgage Servicing Rights). As a Market Risk Associate in the Chief Investment Office and Corporate Treasury business team, you will support Portfolio Managers to facilitate efficient risk/return decisions, reduce volatility in operating performance, and ensure the business market risk profile is transparent to senior management, the Board of Directors, and regulators.
Job summaryAs a Market Risk Associate within the Chief Investment Office and Corporate Treasury business team, you will support Portfolio Managers to facilitate efficient risk/return decisions and reduce volatility in operating performance. You will help ensure the business market risk profile is transparent to senior management, the Board of Directors, and regulators. You will focus on fixed income markets and the corresponding retained portfolios managed within Chief Investment Office, Treasury and Corporate Risk, producing analytics and research-driven insights to inform investment and risk decisions.
Job responsibilities- Develop expertise in fixed income markets and Chief Investment Office, Treasury and Corporate Risk corresponding portfolios; produce bespoke analytics and apply research topics to the investment portfolio, pre-trade investment reviews, and limit updates
- Highlight and discuss risk changes and top risks; present deep dives to Chief Investment Office, Treasury and Corporate Risk colleagues and senior risk management
- Monitor market risk positions daily with the aim to identify material risk exposures and concentrations
- Synthesize top-of-mind research topics relevant to the investment portfolios into analysis and special reports
- Analyze macroeconomic variables and understand the impact to financial projections
- Evaluate and implement updates to financial models used in market risk management, including challenging proposed methodology, performing impact assessments, and coordinating model implementation timelines
- Drive efficiencies and process improvements and support technology initiatives
- Improve risk transparency, methodologies, and reports by collaborating with quantitative teams on model results and implementation, such as Quantitative Research and the Model Review Group
- Contribute to Chief Investment Office, Treasury and Corporate Risk standards and best practices by collaborating with other risk groups; represent Chief Investment Office, Treasury and Corporate Market Risk in related initiatives and ensure timely delivery of projects
- Respond to urgent ad-hoc requests from senior risk management
- 2+ years of experience in risk management and/or fixed income / securitized products
- Understanding of fixed income markets with a particular focus on securitization products (CLOs, CMBS, ABS, RMBS)
- Understanding of the governance and controls surrounding risk monitoring including value at risk (VaR), stress testing, various return measures, and experience with stress construction
- Excellent written and spoken communication skills with ability to explain technical concepts in practical terms; must be able to converse with a wide variety of groups
- Demonstrated ability to work effectively and independently across different businesses and functional areas with thorough attention to detail in a high-pressure environment
- Ability to challenge the portfolio manager's market positions and views and help assess the best allocation of risk and capital to various positions and businesses
- Self-motivated, diligent, strong sense of accountability and good at following up on issues
- Strong technical skills in Excel, VBA, and Bloomberg; ability to learn how to use core business and risk systems
- Excellent academic record and an undergraduate degree are required
- Advanced degree in finance or a related quantitative field
- MBA from a top tier school
- Professional qualification in CFA or Accountancy
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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.
Skills Required
- 2+ years of experience in risk management and/or fixed income or securitized products
- Understanding of fixed income markets, particularly CLOs, CMBS, ABS, and RMBS securitization products
- Understanding of risk monitoring governance and controls, including VaR, stress testing, return measures, and stress construction
- Excellent written and spoken communication skills, including the ability to explain technical concepts practically
- Ability to work independently across businesses and functional areas with attention to detail in a high-pressure environment
- Ability to challenge portfolio manager market positions and assess risk and capital allocation
- Self-motivated, diligent, accountable, and effective at following up on issues
- Strong technical skills in Excel, VBA, and Bloomberg, with ability to learn core business and risk systems
- Excellent academic record and an undergraduate degree
- Advanced degree in finance or a related quantitative field
- MBA from a top-tier school
- CFA or accountancy qualification
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 — Health coverage is considered comprehensive, including medical, dental, and vision, alongside wellness and mental health resources. Some locations add onsite health centers and related wellbeing support.
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Retirement Support — Retirement offerings include a 401(k)-type savings plan and related financial benefits, with options such as employee stock purchase participation. Financial planning resources are also highlighted to support long-term savings.
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Parental & Family Support — Paid parental leave of 16 weeks for birth or adoption is available for all parents. Child care and back-up child care resources further reinforce family support.
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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