Bring your expertise to JPMorganChase. 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 a Market Risk Associate within our Commercial & Investment Bank (CIB) Market Risk Management team, you will be responsible for identifying, measuring, monitoring, and controlling financial risks associated with market price fluctuations. You will serve as a crucial link for discussing risk issues related to a specific trading portfolio with the trading desks.
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Job Responsibilities
- Quantify risk of a potential loss of value in assets and liabilities due to changes in market variables, e.g. interest rates, equity and commodity prices.
- Monitor and control of a business unit's exposure to market risk through risk limits.
- Perform stress testing and qualitative risk assessments of a business unit's trading portfolio.
- Facilitate efficient risk-return decisions.
- Dialogue with the trading businesses with respect to risk appetite, risk limits and individual large and complex transactions.
- Work in a cutting edge Risk Organization, utilizing a wide variety of trading analysis tools to monitor risk exposures and understand the factors that drive the profits and loss affecting the trading portfolio.
- Follow the global financial markets, focusing on price movements and events affecting the trading portfolio, with the goal of highlighting top risks with the trading business and the Market Risk management team.
- Develop a deep understanding of the wide-ranging suite of financial products traded by JP Morgan and the key risks associated with them.
- Demonstrate innovative ways at looking for threats and weaknesses in the risk profile and expected to be pro-active in bringing these to the attention of the trading business and the Market Risk management team.
- Perform scenario analysis and stress testing, conduct ad-hoc and regular risk analysis as well deep dives into various risk themes and communicate findings
Required Qualifications, Capabilities and Skills
- Bachelor's Degree in a quantitative discipline
- Team player and future leader with exceptional drive, creativity and interpersonal skills
- Lateral thinker, tenacious, commitment to getting things done and detail focused
- Ability to form constructive professional relationships with a wide variety of teams in the firm
- Strong interest in an intellectually stimulating career within the Finance Industry
Preferred Qualifications, Capabilities and Skills
- 2+ years of experience within financial services or investment banking environment
- Experience with calculation, quantification and relevance of market risk
- Familiarity with fixed income products including commercial loans, residential loans, commercial mortgage backed securities, residential mortgage backed securities, asset backed securities, TBAs or credit default swap indexes
- Risk scenario analysis and full revaluation stress testing for conducting ad-hoc and regular risk analysis on desk positions and portfolios
- Experience with Python
- Experience with trading analysis tools including Intex and Bloomberg
- Advanced proficiency in Excel including VBA and Pivot tables
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
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.