Corporate Banking Specialist - Corporate Risk - Analyst

JPMorgan Chase; Jersey City (NJ); On-site; USD 90,000 - 130,000; Full time

Job summary

JPMorgan Chase is seeking an Analyst in the CIO Market Risk team to support the second line of defense across Home Lending desks such as Pipeline Warehouse, Non-Agency Warehouse and MSR. You will monitor and report risks across Agency MBS, RMBS, and other structured products.

Under senior risk manager guidance, you will contribute to daily risk coverage, VaR, stress testing, limit monitoring, and scenario analysis, delivering clear risk insights for governance forums and management.

Qualifications

• 2+ years of market risk, front office, treasury, risk analytics, product control, or similar role experience.
• Bachelor's degree in finance, math, economics, business, engineering, or computer science.
• 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 escalate issues appropriately.

Responsibilities

• Support market risk coverage for Home Lending desks including Agency, Non-Agency, MSR and hedges.
• Monitor daily risk measures and key changes in market risk and trading activity; escalate notable moves with context.
• Prepare risk updates for senior management and risk forums.
• Perform product- and trade-level analyses to identify material risks and emerging vulnerabilities.
• Assist with review of VaR, stress results, and limit management; support documentation for limit exceptions.

Skills

Quantitative analysis

Risk reporting

Communication

Ownership mindset

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; escalated 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 experience in 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 escalated issues appropriately.
• Strong controls orientation (documentation, reconciliations, data quality checks, process discipline).

Preferred Qualifications

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