Risk Management - Market Risk Coverage Senior Officer

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.

As a Market Risk Senior Associate in the Chief Investments Office Market Risk team, you will serve as a key second line of defense, engaging directly with Home Lending businesses such as Pipeline Warehouse, Non-Agency Warehouse, and Mortgage Servicing Rights. Your responsibilities include independently monitoring, analyzing, and mitigating interest rate, spread, prepayment, and liquidity risks across Agency MBS, RMBS, and other structured products. You will set risk limits, conduct stress testing and scenario analysis, collaborate with traders on hedging strategies, and work with quantitative model developers to enhance risk modeling.

Job Responsibilities:

• Oversee market risk for Home Lending Residential Loans desks, including Agency, Non-Agency, MSR and Hedges (Swaps, Futures, Options, TBAs, etc..)
• Monitor and analyze key changes in market risk, trading strategies, and risk profiles in collaboration with trading desks.
• Communicate significant risk changes, market activity, and P&L drivers to senior management through regular updates and presentations.
• Perform deep dive analyses on products, trading strategies, and complex trades to identify material risks and weaknesses.
• Assess new products and propose risk management frameworks, participating in the formal new product approval process.
• Develop and implement stress scenarios, and enhance comprehensive stress tests to highlight key risks.
• Review portfolio risk sensitivities, Value-at-Risk (VaR), Stress, and limit management, ensuring appropriateness in light of new trades and market conditions.
• Facilitate independent challenge and discussion among traders, strategists, and risk management teams.
• Collaborate with support functions such as Middle Office, Operations, Compliance, Technology, and Product Control to address deficiencies and improve systems.
• Continuously develop risk methodologies, tools, and reporting frameworks, and participate in regular risk meetings and regulatory signoffs.

Required Qualifications, Capabilities, and Skills

• Bachelor’s degree or higher in economics, finance, or a quantitative field.
• Minimum 3 years of relevant experience in derivatives (trading, sales, structuring, market risk, VCG, MGG, product control, or risk reporting).
• Strong knowledge of securitized product, interest rate, credit, or other fixed income markets.
• Understanding of market risk metrics (VaR, delta, gamma, etc.).
• Excellent written and verbal communications skills.  Must be able to communicate with a wide variety of functional groups.
• Ability to work independently with high attention to detail and lead.
• Strong in controls, project management, time management.
• Demonstrated effectiveness working independently and in multi-disciplinary teams.

• Organized and able to execute responsibilities with minimal supervision.

   

Preferred Qualifications, Capabilities, and Skills:

• Prior experience with Python is preferred.