Market Risk Associate – CIO

Market Risk Associate – CIO

 

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 summary

As 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

Required qualifications, capabilities, and skills

• 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

Preferred qualifications, capabilities, and skills

• Advanced degree in finance or a related quantitative field
• MBA from a top tier school
• Professional qualification in CFA or Accountancy

Experience Level

Executive Level