Market Risk Analyst – Mortgage & Structured Products

JP Morgan Chase; 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

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.