Market Risk Associate - Securitized Products (CMBS/CRE)

JP Morgan Chase; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

JPMorganChase is seeking an Associate in the Securitized Products Group - Market Risk to quantify risk, monitor exposures, and perform stress testing of CMBS and CRE portfolios. You will engage with trading teams to understand risk drivers and help manage risk limits.

The role requires strong analytical skills, 2+ years in market risk or related fields, and proficiency with Excel, VBA, and Bloomberg. You will contribute to risk reporting for senior management and assist in reviews of large,

Qualifications

• Bachelor's degree in a quantitative field or related area.
• 2+ years of experience in market risk, trading, structuring, research, or underwriting related to CMBS or CRE lending.
• Experience in risk management and fixed income or securitized products.
• Strong technical proficiency in Excel, VBA, and Bloomberg; ability to learn core risk systems.
• Knowledge of CMBS deal structures (SASB, Conduit, CRE CLO).
• Strong analytical and problem-solving skills with ability to explain drivers of risk and P&L.
• Strong written and verbal communication skills to engage traders and risk stakeholders.

Responsibilities

• Quantify risk of potential losses in assets and liabilities due to market variable changes.
• Monitor and control a unit's exposure to market risk via risk limits.
• Perform stress testing and qualitative risk assessments of trading portfolios.
• Facilitate risk-return decision making and regular dialogue with trading teams.
• Identify threats within CMBS risk profiles and advise on mitigations.
• Analyze pricing differences in Agency vs Non-Agency CMBS and CRE CLO structures.
• Conduct internal stress estimates on CRE loans (warehouse and non-warehouse).
• Assess prepayment penalties and extension assumptions and their impact on CMBS.
• Monitor drivers of P&L in trading portfolios and escalate breaches.
• Prepare risk reporting for senior management and large, complex transactions.

Skills

Quantitative analysis

Communication skills

Problem solving

Stakeholder engagement

Education

Bachelor's degree in Finance, Economics, Mathematics, Engineering, Real Estate, or related quantitative field

Tools

Excel

VBA

Bloomberg

Job description

JPMorganChase is seeking an Associate in the Securitized Products Group - Market Risk to quantify risk, monitor exposures, and perform stress testing of CMBS and CRE portfolios. You will engage with trading teams to understand risk drivers and help manage risk limits.

The role requires strong analytical skills, 2+ years in market risk or related fields, and proficiency with Excel, VBA, and Bloomberg. You will contribute to risk reporting for senior management and assist in reviews of large,