Risk Management - Market Risk Coverage Senior Officer

JPMorgan Chase & Co. • Jersey City, NJ

11d

About The Position

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.

Requirements

• 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.

Nice To Haves

• Prior experience with Python is preferred.

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.

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