Risk Management - Specialized Risk Associate (Structural Interest Rate Risk)

Next Frontier Capital; New York (NY); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Health care coverage

Retirement savings plan

Tuition reimbursement

Mental health support

Financial coaching

Job summary

JPMorgan Chase in New York seeks an Interest Rate Risk Associate within the Treasury and Chief Investment Office to manage IRR across banking books and investments. You will run deep-dive analyses, build market scenarios, and deliver actionable insights to senior management, collaborating with global teams and applying AI-enabled risk workflows.

The role offers exposure to dynamic ALM challenges, regulatory navigation, and opportunities to shape risk practices through innovative methodologies.

Qualifications

• 3+ years of experience in Trading, Risk Management, Treasury, or Finance functions.
• Proficiency in Python, SQL, or similar programming languages.
• Familiarity with AI and Machine Learning applications in financial analysis.
• Excellent oral and written communication skills, with ability to articulate complex concepts for management.
• Strong analytical skills and high level of self-initiative.
• Ability to work effectively across different functional areas and global locales.
• Experience in preparing management reports and presentations.
• Demonstrated problem-solving skills and attention to detail.
• Ability to manage multiple priorities in a fast-paced environment.
• Commitment to continuous learning and professional development.

Responsibilities

• Monitor and manage interest rate risk (IRR) in the banking book, including key metrics such as Earnings at Risk, Duration of Equity, and Economic Value of Equity.
• Conduct deep-dive analyses and market scenario assessments to identify emerging risks and blind spots.
• Summarize analytical findings and intuitions for management reports and presentations.
• Integrate new technologies, including AI, Python, and Databricks, into risk management workflows.
• Provide analytical support for IRR management strategies, modeling assumptions, and connectivity to related risks (Liquidity and Capital Risk).
• Independently assess IRR strategies and changes to modeling assumptions, including deposits and mortgages.
• Stay informed on market trends and macroeconomic environments to guide the firm through complex ALM and regulatory challenges.
• Collaborate with IRR coverage teams across lines of business and global legal entities (EMEA and APAC).
• Support the evolution of risk practices and contribute to the development of best-in-class methodologies.
• Ensure compliance with regulatory requirements and internal risk limits.
• Communicate complex concepts clearly to both technical and non-technical stakeholders.

Skills

Python/SQL

AI/ML in finance

Communication

Analytical

Cross-functional

Presentations

Problem-solving

Multitasking

Learning

Tools

Databricks

Job description

Join JPMorgan Chase's Risk Management and Compliance team, where your expertise helps safeguard the firm's financial strength and resilience. Within the Interest Rate Risk Team, you'll be at the forefront of identifying and managing risks that impact our business, customers, and communities. We foster a culture of innovation, challenging the status quo, and striving for best-in-class risk practices. Your analytical skills and forward-thinking approach will help shape the future of our Treasury and Chief Investment Office. Make a meaningful impact by leveraging technology and market insights to navigate a complex regulatory landscape.

As an Interest Rate Risk Associate in the Treasury and Chief Investment Office (CIO) team, you will play a critical role in managing the firm's interest rate risk exposure arising from core banking activities and investment portfolios. You will have the opportunity to conduct deep-dive analyses, develop market scenarios, and provide actionable insights for senior management. This role will offer you a unique opportunity to collaborate across global teams, integrate advanced technologies into risk management workflows, and contribute to the evolution of risk practices at one of the world's leading financial institutions.

You will play a critical role in managing the firm's interest rate risk exposure arising from core banking activities and investment portfolios as well as have the opportunity to conduct deep-dive analyses, develop market scenarios, and provide actionable insights for senior management. This role will offer you a unique opportunity to collaborate across global teams, integrate advanced technologies into risk management workflows, and contribute to the evolution of risk practices at one of the world's leading financial institutions.

Job Responsibilities

• Monitor and manage interest rate risk (IRR) in the banking book, including key metrics such as Earnings at Risk, Duration of Equity, and Economic Value of Equity
• Conduct deep-dive analyses and market scenario assessments to identify emerging risks and blind spots
• Summarize analytical findings and intuitions for management reports and presentations
• Integrate new technologies, including AI, Python, and Databricks, into risk management workflows
• Provide analytical support for IRR management strategies, modeling assumptions, and connectivity to related risks (Liquidity and Capital Risk)
• Independently assess IRR strategies and changes to modeling assumptions, including deposits and mortgages
• Stay informed on market trends and macroeconomic environments to guide the firm through complex ALM and regulatory challenges
• Collaborate with IRR coverage teams across lines of business and global legal entities (EMEA and APAC)
• Support the evolution of risk practices and contribute to the development of best-in-class methodologies
• Ensure compliance with regulatory requirements and internal risk limits
• Communicate complex concepts clearly to both technical and non-technical stakeholders

Required Qualifications, Capabilities and Skills

• 3+ year of experience in Trading, Risk Management, Treasury, or Finance function
• Proficiency in Python, SQL, or similar programming languages
• Familiarity with AI and Machine Learning applications in financial analysis
• Excellent oral and written communication skills, with ability to articulate complex concepts for management
• Strong analytical skills and high level of self-initiative
• Ability to work effectively across different functional areas and global locales
• Experience in preparing management reports and presentations
• Demonstrated problem-solving skills and attention to detail
• Ability to manage multiple priorities in a fast-paced environment
• Commitment to continuous learning and professional development

Preferred Qualifications, Capabilities and Skills

• Understanding of fixed income pricing concepts and balance sheet management
• Experience in a fixed income trading environment
• Exposure to stress-testing frameworks, such as Value at Risk (VaR)
• Advanced knowledge of interest rate risk management practices
• Experience with regulatory compliance in ALM and Treasury functions
• Familiarity with global financial markets and macroeconomic analysis
• Ability to drive innovation and process improvement in risk management

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. Exciting role as a Specialized Risk Associate supporting the Treasury and Chief Investment Office (CIO) team.