Market Risk Analyst Mortgage & Structured Products

JPMorganChase; Jersey City (NJ); On-site; USD 120,000 - 150,000; Full time

Job summary

JPMorganChase in Jersey City seeks an Analyst for the CIO Market Risk team to monitor and report risks across Agency MBS, RMBS and related products. You will support daily risk coverage, limit monitoring, stress testing, and scenario analysis under senior risk managers, delivering clear insights for governance forums.

The role emphasizes collaboration with Home Lending desks, risk partners, and technology teams to improve controls, data quality, and automation while advancing risk reporting

Qualifications

• 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.
• 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 elevate issues appropriately.
• Strong controls orientation (documentation, reconciliations, data quality checks, process discipline).

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; elevate 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.

Skills

Risk analytics

VaR

DV01

Gamma convexity

Python

Communication

Education

Bachelor's degree in finance or related field

Tools

Excel

Job description

JPMorganChase in Jersey City seeks an Analyst for the CIO Market Risk team to monitor and report risks across Agency MBS, RMBS and related products. You will support daily risk coverage, limit monitoring, stress testing, and scenario analysis under senior risk managers, delivering clear insights for governance forums.

The role emphasizes collaboration with Home Lending desks, risk partners, and technology teams to improve controls, data quality, and automation while advancing risk reporting