Risk Management -Treasury/Chief Investment Office - Interest Rate Risk Associate

Job Description
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As an Associate in the Risk Management - Treasury and Chief Investment Office - Interest Rate Risk Management team, you will be responsible for managing the firm's interest rate risk exposure. This exposure arises from traditional banking activities such as loan extensions, credit facilities, deposits, debt issuance, and the impact from the Chief Investment Office's investment securities portfolio and other related activities. These activities are collectively referred to as Interest Rate Risk in the Banking Book or IRRBB.
The Firm's Corporate Treasury function and the Chief Investment Office (together referred to as \"Treasury/CIO\") manage the Firm's balance sheet. This includes activities such as:

• Managing the Firm's structural interest rate and foreign exchange risk exposures
• Deploying the Firm's excess liquidity
• Managing the Firm's funding and liabilities
• Managing the Firm's liquidity risk and its regulatory compliance

Job Responsibilities

• Provide coverage for interest rate risk (IRR) in the banking book for the firm, including monitoring and limit management on key IRR measures, such as Earnings at Risk, Duration of Equity and Economic Value of Equity
• Conduct deep-dives and market scenario analyses on IRR metrics; identify emerging risks and blind spots
• Summarize intuitions and findings from analysis for management reports and presentations
• Continue to evolve risk practices by integrating new technologies (e.g. LLM, Python, Databricks) into workflow
• Provide analytical support to IRR management on strategies, modeling assumptions and connectivity to related Risks, e.g. Liquidity Risk and Capital Risk
• Provide independent assessment of firm's IRR strategies and changes to modeling assumptions (on deposits and mortgages, etc.)
• Stay abreast of markets and macroeconomic environments to help the firm navigate a complex ALM and Regulatory landscape
• Collaborate with IRR coverage teams from line-of-business and JPMC's legal entities across EMEA and APAC

Required qualifications, capabilities, and skills

• Minimum 3 years of experience in Trading, Risk Management, Treasury or a Finance function
• Knowledge of standard financial concepts, including basic understanding of fixed-income securities and markets
• Excellent oral and written communication skills, with ability to articulate complex concepts and intuitions for management consumption
• Proficiency in Python/SQL programming or similar languages
• Understanding of AI and Machine Learning driven analysis for financial applications
• Strong analytical skills, high level of self-initiative and ability to work effectively across different functional areas and locales

Preferred qualifications, capabilities, and skills

• Understanding of basic fixed income pricing concepts or knowledge in Balance Sheet management and Interest Rate Risk
• Experience in fixed income trading environment and exposure to stress-testing frameworks (e.g. VaR) is also a strong plus

About Us
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 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
About the Team
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.