Risk Management- Market Risk -Securitized Products Group- Associate

Testing Site - JPMC; New York (NY); On-site; USD 120,000 - 190,000; Full time

Job summary

Testing Site - JPMC is seeking a Market Risk Manager for the SPG Trading team covering CMBS to monitor, assess, and communicate CRE risk exposures. You will work with trading desks to discuss risk appetite, limits, and complex transactions, ensuring sound risk-return decisions.

The role emphasizes CRE cash flow analysis, CMBS structures, and regulatory compliance, with opportunities to influence risk strategy on a major trading floor.

Qualifications

• Bachelor’s degree or higher in economics, finance, or a quantitative field.
• Minimum 3 years of relevant experience in derivatives, trading, market risk, or risk reporting.
• Comprehensive understanding of CRE cash flow models and CRE loan types.
• Strong knowledge of securitized product, rates, credit, or fixed income markets, with CRE exposure.
• Experience with regulatory interaction and familiarity with regulatory risk rules.
• Strong project management skills and ability to drive initiatives to completion.
• Excellent written and verbal communication skills; ability to build professional relationships.
• Ability to multi-task and work under pressure on a trading floor.

Responsibilities

• Utilize trading analysis tools to monitor risk exposures on CRE assets, including construction and pre-development loans.
• Leverage CMBS deal structures to identify threats in risk profile for risk management teams.
• Conduct internal stress estimates on CRE loans and assess impact on CMBS structures.
• Monitor global markets for CRE-related events and highlight top risks.
• Perform scenario analysis and stress testing; conduct ad-hoc risk analysis and communicate findings.
• Support regulatory deliverables including CCAR submissions.

Skills

Analytical skills

Effective communication

Project management

Multi-tasking

Education

Bachelor’s degree or higher in economics/finance/quantitative field

Tools

Python

Job description

Description

Join our dynamic Corporate & Investment Bank (CIB) Market Risk Management team, where you will play a pivotal role in identifying, measuring, monitoring, and controlling financial risks related to market price movements. As part of an independent risk group reporting to the firm's Chief Risk Officer (CRO), you will be at the forefront of discussing risk issues with trading desks, ensuring the stability and growth of our trading portfolios.

As a Market Risk Manager in the Market Risk Coverage team for SPG (Securitized Product Group) Trading covering CMBS, you will be instrumental in safeguarding our financial assets. You will work closely with trading businesses, providing insights into risk appetite, risk limits, and complex transactions. Your role is crucial in facilitating efficient risk-return decisions and ensuring the firm’s financial resilience.

Job Responsibilities

• Utilize a diverse set of trading analysis tools to monitor risk exposures associated with CRE assets, including construction, pre-development, and various commercial real estate loans.
• Leverage expertise in CMBS deal structures to identify threats and weaknesses within the risk profile, highlighting risks to the trading business and Market Risk management team.
• Conduct internal stress estimates on CRE loans, understanding their impact on CMBS structures and the broader CRE loan portfolio.
• Follow global financial markets, focusing on price movements and events affecting the CRE market, and highlight top risks.
• Perform scenario analysis and stress testing, conduct ad-hoc and regular risk analysis, and communicate findings.
• Support projects adhering to regulatory and internal control deliverables, including 14Q and 14A CCAR submissions.

Required Qualifications, Capabilities, and Skills

• Bachelor’s degree or higher in economics, finance, or a quantitative field.
• Minimum 3 years of relevant experience in derivatives (trading, sales, structuring, market risk, VCG, MGG, product control, or risk reporting).
• Comprehensive understanding of CRE cash flow models and the ability to analyze cash flow projections for various CRE loan types.
• Strong knowledge of securitized product, interest rate, credit, or other fixed income markets, with experience in commercial real estate assets.
• Experience with regulatory interaction and familiarity with regulatory rules pertaining to risk.
• Strong project management skills and the ability to drive initiatives to completion.
• Strong analytical and quantitative skills.
• Excellent written and verbal communication skills, with the ability to form constructive professional relationships.
• Ability to multi-task and work well under pressure on a trading floor.

Preferred Qualifications, Capabilities, and Skills

• Familiarity with Python.