Treasury/Chief Investment Office - Interest Rate Risk 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 $3.9 trillion and operations worldwide. In the Treasury and Chief Investment Office, we play a critical role in managing the firm's liquidity, funding, and investment strategies to support sustainable growth and shareholder value. As an Interest Rate Risk Associate in New York, NY, you will join a dynamic team responsible for monitoring and mitigating interest rate risks across our vast balance sheet. This role offers the opportunity to drive analytical insights that influence strategic decisions in one of the world's most influential financial institutions, contributing to the stability and profitability of JPMorgan Chase's operations. In this position, you will monitor daily interest rate exposures using advanced quantitative tools, develop hedging strategies to protect against fluctuations in rates, and collaborate with senior stakeholders to align risk management with the firm's broader objectives. You will analyze key metrics such as duration gaps and value-at-risk (VaR) models, ensuring compliance with regulatory standards like those from the Federal Reserve and OCC. Your work will involve building sophisticated models to simulate interest rate scenarios, providing actionable recommendations that safeguard the bank's earnings and capital adequacy in volatile markets. The ideal candidate thrives in a collaborative, innovative environment where precision and foresight are paramount. At JPMorgan Chase, you will have access to cutting-edge technology, mentorship from industry experts, and opportunities for career advancement within our global treasury network. This associate-level role is perfect for professionals passionate about financial risk and eager to make an impact on a firm that sets the standard for excellence in the industry.

Key Responsibilities

• Monitor and analyze JPMorgan Chase’s interest rate risk exposures across various portfolios in the Treasury and Chief Investment Office
• Develop and implement risk management strategies to mitigate interest rate volatility impacts on the firm's balance sheet
• Conduct daily and periodic assessments of key risk metrics, including sensitivity analyses and gap reports
• Collaborate with cross-functional teams, including traders, portfolio managers, and compliance officers, to provide analytical insights
• Build and maintain financial models to forecast interest rate scenarios and their effects on earnings and economic value
• Support regulatory reporting and internal audits related to interest rate risk in the banking book (IRRBB)
• Identify emerging risks from market changes, such as shifts in yield curves or monetary policy, and recommend hedging strategies
• Contribute to the enhancement of risk management tools and processes within the Chief Investment Office
• Prepare executive summaries and presentations on risk exposures for senior leadership
• Ensure adherence to JPMorgan Chase’s risk appetite framework and internal controls

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field
• 2-5 years of experience in interest rate risk management, treasury operations, or financial risk analysis within the banking or financial services industry
• Strong understanding of interest rate derivatives, fixed income securities, and risk metrics such as DV01, PV01, and duration
• Proficiency in financial modeling and quantitative analysis using tools like Excel, VBA, or Python
• Knowledge of regulatory frameworks including Basel III, Dodd-Frank, and interest rate risk in the banking book (IRRBB) guidelines
• Ability to work in a fast-paced, high-stakes environment with a focus on accuracy and compliance
• U.S. work authorization and ability to obtain necessary security clearances for handling sensitive financial data

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance, Quantitative Finance, or a related discipline
• Experience with JPMorgan Chase systems or similar large-scale banking platforms for risk management
• CFA, FRM, or equivalent certification in risk management or finance
• Prior exposure to asset-liability management (ALM) or treasury functions in a global financial institution
• Familiarity with stress testing and scenario analysis for interest rate exposures

Required Skills

• Quantitative analysis and financial modeling
• Proficiency in Excel and advanced spreadsheet functions
• Knowledge of Python or R for data analysis
• Understanding of interest rate products and derivatives
• Risk assessment and scenario modeling
• Regulatory compliance in financial services
• Data visualization and reporting tools (e.g., Tableau)
• Strong analytical thinking and problem-solving
• Excellent communication and presentation skills
• Attention to detail and accuracy in high-pressure environments
• Team collaboration and stakeholder management
• Time management and prioritization
• Adaptability to market volatility
• Basic understanding of SQL for database querying
• Ethical judgment in handling confidential financial information

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company matching contributions
• Paid time off, including vacation, sick leave, and parental leave
• Professional development programs, including tuition reimbursement and access to internal training at JPMorgan Chase University
• Employee stock purchase plan and other financial wellness benefits
• Wellness programs, including gym memberships and mental health support
• Flexible work arrangements and commuter benefits for New York-based roles

JP Morgan Chase is an equal opportunity employer.