Corporate Banking Specialist - Corporate Risk - Analyst

JPMorganChase • Jersey City, NJ

2d

About The Position

As an Analyst in the CIO Market Risk team, you will support the second line of defense by partnering with Home Lending businesses such as Pipeline Warehouse, Non-Agency Warehouse, and Mortgage Servicing Rights. You will help monitor, analyze, and report interest rate, spread, prepayment, and liquidity risks across Agency MBS, RMBS, and other structured products.

Working under the guidance of senior risk managers, you will contribute to daily risk coverage, limit monitoring, stress testing, and scenario analysis, and deliver clear risk insights for management and governance forums.

Requirements

• 2+ years of relevant experience in market risk, front office, treasury, risk analytics, product control, or a similar role.
• Bachelor’s degree in finance, math, engineering, economics, business, or computer science.
• Working knowledge of market risk concepts/metrics (e.g., VaR, stress testing, DV01/delta, gamma/convexity).
• Strong quantitative and analytical skills with high attention to detail; ability to translate analysis into clear takeaways.
• Strong written and verbal communication skills; comfortable collaborating with trading, risk, product control, and technology partners.
• Demonstrated ownership mindset: able to manage defined workstreams independently, prioritize effectively, and escalate issues appropriately.
• Strong controls orientation (documentation, reconciliations, data quality checks, process discipline).

Nice To Haves

• Mortgage/structured products exposure, such as Agency MBS, RMBS, MSR, or rates/volatility products.
• Familiarity with spread and prepayment risk.
• Python experience.

Responsibilities

• Support market risk coverage for Home Lending Residential Loans desks, including Agency, Non-Agency, MSR and hedges (Swaps, Futures, Options, TBAs, etc.).
• Monitor daily risk measures and key changes in market risk, trading activity, and risk profiles; escalate notable moves/issues with clear context.
• Prepare regular risk updates (market moves, P&L drivers, limit usage, key risks) for senior management and risk forums.
• Perform product- and trade-level analyses to identify material risks, concentrations, and emerging vulnerabilities (e.g., rates/spread moves, prepayment impacts, convexity/basis).
• Assist with review of portfolio risk sensitivities, Value-at-Risk (VaR), stress results, and limit management; support documentation for limit exceptions as needed.
• Contribute to the design, implementation, and maintenance of stress scenarios and ad hoc scenario requests; improve documentation and repeatability.
• Support new product and new trade reviews by gathering analysis and summarizing risks for approvals materials and risk frameworks.
• Partner with Middle Office, Operations, Compliance, Technology, and Product Control to resolve data/booking/reporting breaks and strengthen controls.
• Help enhance risk reporting and analytics through automation and improved data quality checks.

What This Job Offers

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