Senior Market Risk Associate — Home Lending Desk

Testing Site - JPMC; New York (NY); On-site; USD 120,000 - 170,000; Full time

Job summary

JPMorgan Chase & Co. in New York City seeks a Market Risk Senior Associate in the Chief Investments Office Market Risk team to serve as a key second line of defense and monitor risk across Home Lending desks.

You will analyze interest rate, credit, and structured product risks, develop stress tests, and collaborate with traders, risk managers, and support functions to strengthen risk controls.

Qualifications

• Bachelor’s degree or higher in economics, finance, or a quantitative field.
• Minimum 3 years of relevant experience in derivatives risk-related roles.
• Strong knowledge of securitized products, interest rate, credit, or other fixed income markets.
• Excellent written and verbal communications; able to communicate with diverse groups.
• Ability to work independently with high attention to detail and lead.
• Strong in controls, project management, and time management.
• Prior experience with Python is preferred.

Responsibilities

• Oversee market risk for Home Lending desks, including Agency, Non-Agency, MSR and Hedges (Swaps, Futures, Options, TBAs, etc.).
• Monitor and analyze changes in market risk, trading strategies, and risk profiles with trading desks.
• Communicate significant risk changes, market activity, and P&L drivers to senior management.
• Perform deep dive analyses on products, trading strategies, and complex trades to identify risks.
• Assess new products and propose risk management frameworks, participating in the new product approval process.
• Develop and implement stress scenarios and comprehensive stress tests.
• Review portfolio risk sensitivities, VaR, Stress, and limit management.
• Collaborate with Middle Office, Operations, Compliance, Technology, and Product Control to improve systems.
• Develop risk methodologies, tools, and reporting frameworks; participate in risk meetings and regulatory signoffs.

Skills

Written communication

Verbal communication

Attention to detail

Project management

Time management

Independence

Python

Education

Bachelor’s degree or higher in economics, finance, or a quantitative field

Tools

Python

Job description

JPMorgan Chase & Co. in New York City seeks a Market Risk Senior Associate in the Chief Investments Office Market Risk team to serve as a key second line of defense and monitor risk across Home Lending desks.

You will analyze interest rate, credit, and structured product risks, develop stress tests, and collaborate with traders, risk managers, and support functions to strengthen risk controls.