Chief Investment Officer - Market Risk (Associate)
JPMorganChase
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert 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.
Chief Investment Office, Treasury and Corporate (CTC) Risk manages the risk of the retained portfolio generated from the Chief Investment Office (CIO), Global Treasury, and “other” Corporate businesses (Firm-wide Pension Plan, Insurance programs, and Mortgage Servicing Rights.
As a Market Risk Associate in the Chief Investment Office and Corporate Treasury business team, you will support Portfolio Managers to facilitate efficient risk/return decisions, reduce volatility in operating performance and ensure that the business market risk profile is transparent to senior management, the Board of Directors and regulators.
Job Responsibilities:
- Develop expertise in fixed income market and CTC’s corresponding portfolios; produce bespoke analytics and apply research topics to the investment portfolio, pre-trade investment reviews and limit updates
- Highlight and discuss risk changes and top risks, present deep dives to CTC Risk colleagues and senior risk management
- Daily monitoring of market risk positions - with the aim to identify material risk exposures and concentrations.
- Synthesize top-of-mind research topics relevant to the investment portfolios into analysis and special reports. Analyze macroeconomic variables and understand the impact to financial projections.
- Evaluate and implement updates to financial models used in market risk management, including challenges to proposed methodology, performing impact assessments, and coordinating model implementation timelines.
- Push efficiencies and process improvements and be involved in driving technology initiatives
- Improve risk transparency, methodologies and reports by collaborating with quantitative teams on model results and implementation such as Quantitative Research (QR) and Model Review Group (MRG)
- Contribute to CTC Risk standards and best practices by collaborating with other risk groups; represent CTC Market Risk in various related initiatives and ensure timely delivery of projects
- Respond to urgent ad-hoc requests from senior risk management
Required qualifications, capabilities, and skills
- 3+ years of experience in risk management and/or fixed income.
- Understanding of fixed income markets with a particular focus on rates products (UST, TIPS, STRIPS, IR Swap, Swaption, Repo, FX Swap, Xccy Basis Swap).
- Understanding of the governance and controls surrounding risk monitoring including, VaR, stress testing, various return measures and experience with stress construction
- Excellent written and spoken communication skills with ability to explain technical concepts in practical terms; must be able to converse with a wide variety of groups
- Demonstrated ability to work effectively and independently across different businesses and functional areas with thorough attention to detail in a high-pressure environment
- Ability to challenge the portfolio manager's market positions and views and help assess the best allocation of risk and capital to various positions and businesses
- Self-motivated, diligent, strong sense of accountability and good at following up on issues
- Strong technical skills in Excel/VBA/Bloomberg; ability to learn python, vibe coding, use core business and risk systems
- Excellent academic record and an undergraduate degree are required; Advanced degree in finance or a related quantitative field; MBA from a top tier school or professional qualification in (FRM/CFA/Accountancy) is desirable
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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 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.
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.
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert 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.