Apply Now    

CIB- Market Risk Coverage – Securitized Products Group (Non-Agency RMBS/ABS)- Associate

Req #: 170102476
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 0 US Dollar (USD)
JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries.  The firm is a leader in investment banking, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.
 
Group Description 
CIB Market Risk Management is an independent risk group, reporting to the firm’s Chief Risk Officer (CRO), which identifies, measures, monitors and controls market risk. The group forms the key interface for discussing risk issues with the trading desks but retains independent reporting lines through the Risk management chain.
 
CIB Market Risk performs the following primary functions:
  • Regular dialogue with the trading businesses with respect to risk appetite, risk limits and large or complex transactions
  • Performance of stress testing and qualitative risk assessments
  • Facilitation of efficient risk-return decisions and trade reviews
  • Analysis of aggregated risks and tail risk exposure
  • Independent ongoing identification, monitoring and control of business unit market risk
 Job Description
 
CIB Risk is seeking an Associate level candidate for the CIB Market Risk Securitized Products Group team, based in New York. This person will join a trading floor based team covering the Non-Agency RMBS and ABS Businesses.
 
Responsibilities include, but are not limited to:
  • Highlighting concentrated or concerning risk positions
  • Assessing the appropriateness of the risk reward profile of the portfolio
  • Analyzing large or complex transactions with the ability to challenge business decisions as required
  • Developing strong relationship with front office
  • Assisting in the development of new tools or projects to enhance our risk management capabilities
  • Preparing for Crisis and volatile market conditions ensuring no P&L surprises
  • Delivering ongoing sustainability of regulatory commitments (i.e. CCAR)
  • Tightening of the control environment by identifying shortcomings and remediating open issues
  • Improving current risk measures (i.e. VaR and Stress) as well as introducing new ones
  • Liaising with technologists in the business and Risk around strategic and tactical initiatives
  • Continuing to develop greater collaboration across the firm (i.e. Quantitative Research, US SPG Research, Product Control and Model Review groups)
  • Market Risk or other risk management experience
  • Strong analytical & quantitative skills; competent in financial instruments PnL profile and risk sensitivities
  • Knowledge of securitized product, interest rates, credit or other fixed income markets required.  Experience with the securitized products markets preferred and in particular the RMBS asset class.
  • People management and strong interpersonal skills
  • Clear oral and written communication
  • Strong in controls, project management, time management
  • Experience with regulatory interaction and familiarity with regulatory rules pertaining to risk a plus
 
Apply Now    

Join our Talent Community

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Things to note

Sign in to our application system to continue your job search or update your profile.

Current employees sign in here. Contractors sign in here.

Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices.

Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.

The firm invites all interested and qualified candidates to apply for employment opportunities.

Need disability related assistance?

If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please click here.

Important links

Click here to view the "EEO is the Law" poster.

Click here to view the "EEO is the Law" supplemental poster.

Click here to view our U.S. Pay Transparency Policy.

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.