Risk Management [Multiple Positions Available]

J.P. Morgan; New York (NY); On-site; USD 160,000 - 210,000; Full time

Benefits offered by this job

Health insurance

401(k) retirement plan

Paid time off

Tuition reimbursement

Mental health support

Job summary

JPMorgan Chase & Co. in New York seeks a Senior Risk Analyst to analyze macroeconomic and market risk impacts on the municipal bonds market, run quarterly stress tests, and review results with senior management.

You will automate daily, weekly and monthly analyses, build dashboards, monitor risk metrics with tech and quantitative research teams, and prepare responses to regulatory inquiries while ensuring accurate P&L impact under stressed conditions.

Qualifications

• Master's degree in Financial Engineering or related field with 2 years risk experience or
• Bachelor's degree with 4 years risk experience in risk management or related roles
• Proficiency in Python for risk analytics and Excel for metrics

Responsibilities

• Analyze macroeconomic and market trends and their impact on municipal bonds and market risk
• Conduct quarterly and annual stress testing for internal and Fed-defined scenarios
• Perform governance pre-trade scenario analysis for large auctions and portfolio trades
• Monitor risk metrics daily and create dashboards with tech and quant teams
• Prepare and communicate risk findings to senior management and regulatory inquiries

Skills

Python

Time series analysis

Stress testing

Scenario analysis

Dashboards

Excel

Bloomberg

VaR

Education

Master's degree in Financial Engineering

Master's degree in Quantitative Finance

Master's degree in Economics

Master's degree in Statistics

Bachelor's degree in Financial Engineering

Tools

Bloomberg Terminal

Job description

Duties:

Analyze the impact of current macroeconomic market trends on the municipal bonds market and market risk using statistical metrics. Conduct quarterly and annual stress testing for internal and Federal Reserve-defined scenarios, cross-check and validate testing results, and review results with senior management for sign-off. Perform pre-trade governance scenario analysis on large auctions and portfolio trades to ensure that market risk limits are appropriate and communicate findings with internal partners. Monitor market risk metrics daily, ensuring accuracy in collaboration with technology and quantitative research teams. Perform quantitative and qualitative analysis on structured products and hedges. Provide risk metrics and expected P&L impact on various products and inventories during stressed market conditions, and review with senior management. Automate daily, weekly and monthly analysis and create dashboards for dynamic views. Analyze the appropriateness of hedging strategies. Prepare for regulatory inquiries and responses.

QUALIFICATIONS:

Minimum education and experience required: Master's degree in Financial Engineering, Quantitative Finance, Economics, Statistics, or related field of study plus two (2) years of experience in the job offered or as Risk Management, Research Associate, Quantitative Analyst, Financial Consultant, or related occupation. The employer will alternatively accept a Bachelor's degree in Financial Engineering, Quantitative Finance, Economics, Statistics, or related field of study plus four (4) years of experience in the job offered or as Risk Management, Research Associate, Quantitative Analyst, Financial Consultant, or related occupation.

Skills Required:

This position requires two (2) years of experience with the following skills: Conducting statistical learning and time series analysis using Python, including regression and tree-based models, feature engineering, parameter selection, and cross-validation; Automating business-as-usual processes, such as summarizing risk changes or trading P&L attributions, using Python libraries including pandas and numpy; Performing scenario analysis and stress testing for key risk metrics including interest rate risk and value at risk using Python; Creating interactive dashboards of risk data, trading volume, and economic indicators using Python; Performing stress tests on various fixed income derivative products; Calculating market risk metrics including value at risk and Greeks using Excel and Python. This position requires one (1) year of experience with the following skill: Analyzing market movement using Bloomberg functions including ECO, GC, QR, CDRA, and YAS.

Job Location: 270 Park Avenue, New York, NY 10017

Full-Time. Salary: $160,000 - $210,000 per year.

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success. Analyze the impact of current macroeconomic market trends on the municipal bonds market and market risk using statistical metrics.