Corporate Banking Specialist - Corporate Risk - Analyst

J.P. Morgan Chase & Co.; Jersey City (NJ); On-site; USD 90,000 - 120,000; Full time

Job summary

JP Morgan Chase in Jersey City seeks an Analyst in the CIO Market Risk team to support the second line of defense for Home Lending desks, including Agency and Non-Agency products as well as MSR. The role focuses on monitoring, analyzing, and reporting risks across rate, spread, prepayment and liquidity dimensions.

You will work under senior risk managers, producing risk insights for governance forums, and contribute to stress testing, scenario analysis, and risk reporting improvements.

Qualifications

• 2+ years of relevant experience in market risk or related roles.
• Bachelor’s degree in finance, math, engineering, economics, business, or computer science.
• Working knowledge of market risk concepts/metrics (VaR, stress testing, DV01/delta, gamma/convexity).
• Strong quantitative and analytical skills with high attention to detail.

Responsibilities

• Support market risk coverage for Home Lending desks (Agency, Non-Agency, MSR and hedges).
• Monitor daily risk measures and changes; escalate with context.
• Prepare regular risk updates for senior management and risk forums.
• Perform product- and trade-level analyses to identify material risks and concentrations.
• Assist with review of VaR, stress results, and limit management; document exceptions.
• Contribute to design and maintenance of stress scenarios and ad hoc requests.
• Support new product/trade reviews by gathering analysis for approvals and risk frameworks.
• Collaborate with Middle Office, Operations, Compliance, Technology, and Product Control to resolve data/booking breaks.

Skills

Market risk concepts

Quantitative analysis

Communication

Ownership mindset

Data quality checks

Education

Bachelor’s degree in finance, math, engineering, economics, business, or computer science

Tools

Python

Job description

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.

Job 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; escal 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.

Required Qualifications, Capabilities, and Skills

• 2+ years of relevant experiencein market risk, front office, treasury, risk analytics, product control, or a similar role; mortgage/structured products exposure is a plus (Agency MBS, RMBS, MSR, or rates/volatility products).
• Bachelor’s degree required 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 escal issues appropriately.
• Strong controls orientation (documentation, reconciliations, data quality checks, process discipline).

Preferred Qualifications

• Familiarity with spread and prepayment risk
• Python experience preferred.