DESCRIPTION:
Duties: Perform coverage for regulatory Comprehensive Capital Analysis and Review (CCAR) submissions relevant to the firm's Treasury and Chief Investment Office investment portfolio positions and Treasury funding desk positions including execution of stress testing methodology, analysis of market risk drivers, and communication of results to senior management. Perform pre-trade governance and market analysis. Monitor stress and risk sensitivities against risk limits and perform analysis on limits and constraints to desk investment activity. Produce ad hoc quantitative and qualitative analysis on the Treasury and Chief Investment Office (CIO)'s investment portfolio including the interest rate risk management portfolio and municipal bond portfolios for senior management. Synthesize top-of-mind research topics relevant to the investment portfolios into analysis and special reports. Review work output of junior team members including reports sent to senior management for risk managing the Firm's Treasury and Chief Investment Office (CIO) investments in US Treasury bonds, interest rate derivative hedges, and municipal bonds. Stay up to date with market changes and analyze its impact to the portfolios. Evaluate and implement updates to financial models used in market risk management including challenges to proposed methodology, performing impact assessments, and coordinating model implementation timelines. Perform review of business processes within Corporate, Treasury and Chief Investment Office (CTC) Market Risk and implement enhancements and automation to enhance capabilities and streamline infrastructure. Coordinate with technology teams, model developers and business management to manage CTC Risk team requirements in modeling and technology platform migrations. Design and implement risk analytics to enhance risk coverage and second line challenge including Accumulated Other Comprehensive Income (AOCI) and P&L attributions and stress result decompositions.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Mathematics, Finance, Financial Engineering, Economics, or related field of study plus 5 years of experience in the job offered or as Market Risk, Risk Analyst, or related occupation. The employer will alternatively accept a Bachelor's degree in Mathematics, Finance, Financial Engineering, Economics, or related field of study plus 7 years of experience in the job offered or as Market Risk, Risk Analyst, or related occupation.
Skills Required: This position requires experience with the following: Programming in Python and SQL to perform data manipulation, data structuring, data design flow and query optimization to process large volumes of data; Utilizing Quantitative Risk Management to perform data analysis on market indices and portfolio risk analytics to produce actionable insights including stress scenario design, risk limit-setting proposals, and senior management communications; Performing quantitative analysis using Python and Excel to build dynamic tools used for risk-based explanations on profit-and-loss and stress testing scenario results; Value-at-Risk modeling to explain portfolio limit utilizations; Utilizing Bond Math, Risk Analytics, and Fixed Income Risk Hedging to write senior management communications and risk limit-setting proposals; Stress testing including executing regulatory CCAR stress testing scenarios and producing risk-based explanations of impacts; Applying pricing models to determine fair value, quantify risk sensitivities, and monitor trading activities across linear bonds and derivatives, callable bonds and options, using discounted cash flow valuation, Monte-Carlo simulation, and option-pricing models.
Job Location: 270 Park Avenue, New York, NY 10017.
Full-Time. Salary: $195,700 - $210,000 per year.
About UsWe 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 Mathematics, Finance, Financial Engineering, Economics, or a related field
- Five years of experience in the job offered, Market Risk, Risk Analyst, or a related occupation
- Bachelor's degree in Mathematics, Finance, Financial Engineering, Economics, or a related field, with seven years of relevant experience as an alternative to the master's degree requirement
- Programming experience in Python and SQL for data manipulation, structuring, design flow, and query optimization
- Quantitative risk management experience involving market indices and portfolio risk analytics
- Experience designing stress scenarios and risk limit-setting proposals
- Quantitative analysis using Python and Excel to build dynamic risk tools
- Value-at-Risk modeling experience
- Knowledge of bond mathematics, risk analytics, and fixed-income risk hedging
- Experience executing regulatory CCAR stress-testing scenarios
- Experience applying pricing models to linear bonds, derivatives, callable bonds, and options
- Experience with discounted cash flow valuation, Monte Carlo simulation, and option-pricing models
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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