Risk Management - Risk Associate

JPMorganChase; Jersey City (NJ); On-site; USD 110,000 - 140,000; Full time

Job summary

JPMorganChase’s Chief Investments Office Market Risk team seeks an Associate to monitor and report risk across Agency MBS, RMBS, and other structured products. You will assist with daily risk coverage, limit monitoring, and risk analytics under the guidance of senior risk managers.

You will contribute to stress testing, scenario analysis, and clear risk insights for governance forums, while collaborating with risk, middle office, and technology partners to improve controls and reporting.

Qualifications

• Minimum 2 years of relevant experience in market risk or related roles.
• Bachelor's degree required in finance, math, engineering, economics, business, or CS.
• Knowledge of VaR, stress testing, DV01/delta, gamma/convexity.
• Strong quantitative and analytical skills with attention to detail.
• Strong written and verbal communication; ability to collaborate with teams.
• Ownership mindset and strong controls orientation.

Responsibilities

• Support market risk coverage for Home Lending desks including Agency, Non-Agency, MSR and hedges.
• Monitor daily risk measures and elevate notable moves with context.
• Prepare risk updates for senior management and risk forums.
• Perform product- and trade-level analyses to identify material risks and vulnerabilities.
• Review portfolio risk sensitivities, VaR, stress results, and limit management.
• Contribute to the design, implementation, and maintenance of stress scenarios.
• Support new product and trade reviews with analysis for approvals and risk frameworks.
• Partner with Middle Office, Operations, Compliance, Technology, and Product Control to resolve data issues and strengthen controls.

Skills

Market risk concepts

Quantitative analysis

Communication skills

Ownership mindset

Controls orientation

Education

Bachelor's degree in finance, math, engineering, economics, business, or computer science

Tools

Python

Job description

Job Description

As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As an Associate in the Chief Investments Office Market Risk team, you will support the second line of defense by partnering with Home Lending businesses such as Pipeline Warehouse, Non-Agency Warehouse, and Mortgage Servicing Rights. You will help monitor, analyze, and report interest rate, spread, prepayment, and liquidity risks across Agency MBS, RMBS, and other structured products. Working under the guidance of senior risk managers, you will contribute to daily risk coverage, limit monitoring, stress testing, and scenario analysis, and deliver clear risk insights for management and governance forums.

Job 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.

Required Qualifications, Capabilities, And Skills

• Minimum 2 years of relevant experience in market risk, front office, treasury, risk analytics, product control, or a similar role; mortgage/structured products exposure (Agency MBS, RMBS, MSR, or rates/volatility products).
• 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; familiarity with spread and prepayment risk).
• 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).

Preferred Qualifications

• Familiarity with spread and prepayment risk
• AI adoption experience (applying AI tools to improve analysis, reporting, documentation, or controls)
• Python experience.

ABOUT US

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

About The Team

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.