Risk Management- Market Risk -Securitized Products Group- Associate

Location: New York, NY, United States

Job Family: Associates

About the Role

JPMorgan Chase & Co. is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. As a Market Risk Manager in the Market Risk Coverage team for the Securitized Products Group (SPG) Trading coverage, you will play a critical role in managing and mitigating market risks associated with complex structured finance products. Based in New York, NY, this Associate-level position involves overseeing risk exposures for trading activities in residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), and collateralized loan obligations (CLOs). You will work closely with front-office traders, structurers, and senior risk managers to ensure robust risk frameworks that support JPMorgan's commitment to prudent risk management in a dynamic market environment. In this role, your primary focus will be on developing and applying advanced risk analytics to monitor portfolio sensitivities, liquidity risks, and tail events. You will perform daily risk assessments, including Value at Risk (VaR) computations, scenario simulations, and sensitivity analyses, while ensuring alignment with JPMorgan's enterprise-wide risk appetite. Collaboration is key; you will provide actionable insights to trading desks to optimize positions and hedge against adverse market movements, all while adhering to stringent regulatory standards like Basel III and the Comprehensive Capital Analysis and Review (CCAR). This position offers exposure to cutting-edge risk technologies and the opportunity to contribute to strategic initiatives in one of the world's largest investment banks. JPMorgan Chase values innovation, integrity, and diversity in its workforce. As an Associate in SPG Market Risk, you will benefit from mentorship by experienced professionals, access to proprietary tools for risk modeling, and participation in firm-wide risk forums. This role is ideal for a quantitative-minded professional passionate about securitized markets, offering a platform to advance your career in financial risk management while contributing to the firm's mission of delivering superior client solutions and sustainable growth.

Key Responsibilities

• Monitor and analyze market risk exposures for the Securitized Products Group (SPG) trading desk, including daily VaR calculations and stress testing
• Develop and maintain risk models for securitized products such as RMBS, CMBS, ABS, and CLOs to ensure accurate risk assessment
• Collaborate with trading, sales, and structuring teams to provide real-time risk insights and support informed decision-making
• Conduct scenario analysis and back-testing to evaluate potential impacts of market events on SPG portfolios
• Ensure compliance with internal risk policies and regulatory requirements, including preparation for CCAR and Dodd-Frank stress tests
• Identify emerging risks in securitized markets and recommend hedging strategies or risk mitigation actions
• Prepare risk reports and presentations for senior management and risk committees at JPMorgan Chase
• Support the enhancement of risk management infrastructure, including automation of reporting and analytics tools
• Participate in ad-hoc projects related to new product launches or regulatory changes in the structured finance space

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field; advanced degree (Master's or MBA) preferred
• Minimum of 3-5 years of experience in market risk management, trading, or quantitative analysis within financial services
• Strong understanding of securitized products including RMBS, CMBS, ABS, and CLOs
• Proficiency in risk modeling, stress testing, and Value at Risk (VaR) methodologies
• Experience with regulatory frameworks such as Basel III, Dodd-Frank, and CCAR
• Excellent analytical and problem-solving skills with the ability to handle complex datasets

Preferred Qualifications

• CFA, FRM, or similar professional certification
• Prior experience at a major investment bank in market risk coverage for structured finance
• Familiarity with JPMorgan's internal risk systems and tools
• Knowledge of derivatives pricing and hedging strategies in securitized markets
• Demonstrated track record in cross-functional collaboration with trading and front-office teams

Required Skills

• Market risk analysis and modeling
• Quantitative finance and statistics
• Securitized products knowledge (RMBS, CMBS, ABS, CLOs)
• VaR and stress testing methodologies
• Regulatory compliance (Basel III, Dodd-Frank, CCAR)
• Data analysis using SQL, Python, or R
• Financial modeling in Excel and VBA
• Risk reporting and visualization tools (Tableau, Power BI)
• Strong communication and presentation skills
• Analytical problem-solving
• Attention to detail in high-pressure environments
• Team collaboration and stakeholder management
• Understanding of derivatives and hedging
• Time management and prioritization
• Adaptability to fast-paced trading environments

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company match
• Paid time off including vacation, sick days, and parental leave
• Professional development opportunities through JPMorgan's internal training programs and tuition reimbursement
• Employee stock purchase plan and other financial wellness benefits
• On-site fitness centers, wellness programs, and mental health support
• Global mobility opportunities within JPMorgan Chase's international network

JP Morgan Chase is an equal opportunity employer.