Risk Management-Market Risk-Fixed Income Financing-Associate

JPMorgan Chase & Co. • New York, NY

5h

About The Position

As part of Risk Management, 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 is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As an Associate in the Fixed Income Financing Market Risk team based in New York, you will work closely with the trading desk to perform portfolio analysis, provide risk advisory to facilitate risk/return decisions as well as work with stakeholders globally and locally to ensure that market risk profile is transparent to senior management and regulators. You will be able to use a wide variety of trading analysis tools to monitor risk exposures and understand the factors that affects the trading portfolio and profits and loss of the business. You will have regular dialogue with many of our business partners throughout CIB, including the Front office, with discussions on risk appetite, limits, and individual large and complex transaction details.

Requirements

• Minimum of a Bachelor’s Degree
• Analytical and logical thinker with the ability to understand quantitative concepts relating to risk sensitivity, Profit & Loss explanation, Value at Risk (VaR) and stress scenario results
• Good understanding of the macroeconomic landscape and strong interest in following the markets
• A strong team player with excellent interpersonal and communication skills
• Ability to collaborate with a wide variety of teams including Trading and control groups
• Deep sense of accountability and able to work independently with limited supervision
• Ability to innovate, think out of the box and make clear recommendations
• Fluency in English with excellent written and spoken communication skills
• Proficiency in Microsoft Office (Excel, Word, PowerPoint); working knowledge of Python or Tableau programming a plus

Responsibilities

• Build an enhanced risk monitoring framework to effectively monitor and manage the expanding business footprint for Fixed Income Financing globally, with a special emphasis on the businesses based in NA Markets
• Develop an understanding of various products traded and their key risks
• Repurchase agreements on all Fixed Income products (Govt, Corp, mortgage bonds, etc.)
• Interest Rate Swaps, futures market, basis risks.
• Provide innovative ways to identify threats and weaknesses in the risk profile. Pro-actively bring these to the attention of the trading business and the Market Risk management team to enhance transparency on underlying strategies, position concentrations and market impact
• Understand the factors that drive the risk and Profit & Loss on the books, follow market movement/activities affecting positions and limits, highlight top risks and discuss risk changes
• Perform regular risk and scenario analyses into various risk themes, and communicate findings
• Review and approve large/complex transactions, challenging the trading business to ensure appropriate constraints/controls in place
• Facilitate reports for weekly risk meetings with the desk and provide commentary
• Interact extensively with QR, technology, middle office and market risk reporting teams to ensure accurate risk capture. Due diligence and attention to detail is critical.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level