Market Risk

Job Description
DESCRIPTION:
Duties: Monitor risk exposures and understand the factors that drive the profit and loss for the trading desks. Perform scenario analysis and full revaluation stress testing and conduct ad-hoc and regular risk analysis to assess the degree of risk concern for the various desk portfolios. Assess the market risk for upcoming potential desk trade opportunities by evaluating risk metrics and hedging strategy while being able to effectively accept or reject the trade via pre-trade governance guidelines. Highlight concentrated and concerning risk positions and effectively communicate these risks to both the trading desks and senior market risk management. Enforce market risk limits and ensure any breaches to limits are appropriately escalated and managed within a timely manner as per the market risk guidelines. Coordinate with various groups on projects related to risk methodology, stress, risk limits, VaR, and risk infrastructure enhancements. Actively monitor the securitized products markets with a specific focus in commercial real estate sectors to be able to identify and highlight any market threats, weaknesses, or potential events that could impact the value of the desk's positions.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Information Systems, Finance, Economics, Business, Mathematics, Quantitative Finance, or related field of study plus One (1) years of experience in the job offered or as Market Risk, Graduate Assistant, Data Scientist, or related occupation. The employer will alternatively accept a Bachelor's degree in Information Systems, Finance, Economics, Business, Mathematics, Quantitative Finance, or related field of study plus three (3) years of experience in the job offered or as Market Risk, Graduate Assistant, Data Scientist, or related occupation.
Skills Required: Requires experience in the following: fixed income products including commercial loans, residential loans, commercial mortgage backed securities, residential mortgage backed securities, asset backed securities, TBAs, and credit default swap indexes; risk scenario analysis and full revaluation stress testing for conducting ad-hoc and regular risk analysis on desk positions and portfolios; calculation, quantification, and relevance of market risk Greeks including delta, gamma, vega, and theta; regulatory rules impacting financial markets and banks such as Basel 3; Python coding; trading analysis tools including Intex and Bloomberg; and Advanced Excel including VBA, Pivot tables, Index Match functions, and offset functions.
Job Location: 383 Madison Avenue, New York City, NY 10017. Telecommuting permitted up to 20% of the week.
Full-Time. Salary: $150,000 - $150,000 per year.
About Us
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
About the Team
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.