Market Risk Associate – CIO

As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient by helping the firm grow its business in a responsible way through anticipating new and emerging risks and using expert judgement to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management and Compliance is about thinking outside the box, challenging the status quo, and striving to be best-in-class. Chief Investment Office, Treasury and Corporate Risk manages the risk of the retained portfolio generated from the Chief Investment Office, 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 the business market risk profile is transparent to senior management, the Board of Directors, and regulators.
Job summary
As a Market Risk Associate within the Chief Investment Office and Corporate Treasury business team, you will support Portfolio Managers to facilitate efficient risk/return decisions and reduce volatility in operating performance. You will help ensure the business market risk profile is transparent to senior management, the Board of Directors, and regulators. You will focus on fixed income markets and the corresponding retained portfolios managed within Chief Investment Office, Treasury and Corporate Risk, producing analytics and research-driven insights to inform investment and risk decisions.
Job responsibilities
Develop expertise in fixed income markets and Chief Investment Office, Treasury and Corporate Risk 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 Chief Investment Office, Treasury and Corporate Risk colleagues and senior risk management
Monitor market risk positions daily 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 challenging proposed methodology, performing impact assessments, and coordinating model implementation timelines
Drive efficiencies and process improvements and support technology initiatives
Improve risk transparency, methodologies, and reports by collaborating with quantitative teams on model results and implementation, such as Quantitative Research and the Model Review Group
Contribute to Chief Investment Office, Treasury and Corporate Risk standards and best practices by collaborating with other risk groups; represent Chief Investment Office, Treasury and Corporate Market Risk in related initiatives and ensure timely delivery of projects
Respond to urgent ad-hoc requests from senior risk management
Required qualifications, capabilities, and skills
2+ years of experience in risk management and/or fixed income / securitized products
Understanding of fixed income markets with a particular focus on securitization products (CLOs, CMBS, ABS, RMBS)
Understanding of the governance and controls surrounding risk monitoring including value at risk (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 accountabili