Risk Management - Specialized Risk Associate
Company: JPMorganChase
Location: Jersey City
Posted on: April 4, 2026
|
|
|
Job Description:
Description 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 Senior Associate in
the Chief Investments Office Market Risk team, you will serve as a
key second line of defense, engaging directly with Home Lending
businesses such as Pipeline Warehouse, Non-Agency Warehouse, and
Mortgage Servicing Rights. Your responsibilities include
independently monitoring, analyzing, and mitigating interest rate,
spread, prepayment, and liquidity risks across Agency MBS, RMBS,
and other structured products. You will set risk limits, conduct
stress testing and scenario analysis, collaborate with traders on
hedging strategies, and work with quantitative model developers to
enhance risk modeling. Job Responsibilities: Oversee market risk
for Home Lending Residential Loans desks, including Agency,
Non-Agency, MSR and Hedges (Swaps, Futures, Options, TBAs, etc)
Monitor and analyze key changes in market risk, trading strategies,
and risk profiles in collaboration with trading desks. Communicate
significant risk changes, market activity, and P&L drivers to
senior management through regular updates and presentations.
Perform deep dive analyses on products, trading strategies, and
complex trades to identify material risks and weaknesses. Assess
new products and propose risk management frameworks, participating
in the formal new product approval process. Develop and implement
stress scenarios, and enhance comprehensive stress tests to
highlight key risks. Review portfolio risk sensitivities,
Value-at-Risk (VaR), Stress, and limit management, ensuring
appropriateness in light of new trades and market conditions.
Facilitate independent challenge and discussion among traders,
strategists, and risk management teams. Collaborate with support
functions such as Middle Office, Operations, Compliance,
Technology, and Product Control to address deficiencies and improve
systems. Continuously develop risk methodologies, tools, and
reporting frameworks, and participate in regular risk meetings and
regulatory signoffs. Required Qualifications, Capabilities, and
Skills Bachelor’s degree or higher in economics, finance, or a
quantitative field. Minimum 3 years of relevant experience in
derivatives (trading, sales, structuring, market risk, VCG, MGG,
product control, or risk reporting). Strong knowledge of
securitized product, interest rate, credit, or other fixed income
markets. Understanding of market risk metrics (VaR, delta, gamma,
etc.). Excellent written and verbal communications skills. Must be
able to communicate with a wide variety of functional groups.
Ability to work independently with high attention to detail and
lead. Strong in controls, project management, time management.
Demonstrated effectiveness working independently and in
multi-disciplinary teams. Organized and able to execute
responsibilities with minimal supervision. Preferred
Qualifications, Capabilities, and Skills: Prior experience with
Python is preferred.
Keywords: JPMorganChase, Philadelphia , Risk Management - Specialized Risk Associate, Accounting, Auditing , Jersey City, Pennsylvania
