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Job Description
DESCRIPTION:
Duties: Monitor risk exposures and assess the factors that drive the profit and loss for the trading desks. Perform scenario analysis and full revaluation stress testing and conduct ad-hoc and regular risk analysis to assess the degree of risk concern for the various desk portfolios. Assess the market risk for upcoming potential desk trade opportunities by evaluating risk metrics and hedging strategy while being able to effectively accept or reject the trade via pre-trade governance guidelines. Highlight concentrated and concerning risk positions and effectively communicate these risks to both the trading desks and senior market risk management. Enforce market risk limits and ensure any breaches to limits are appropriately escalated and managed within a timely manner as per the market risk guidelines. Coordinate with various groups on projects related to risk methodology, stress, risk limits, Value at Risk, and risk infrastructure enhancements. Monitor the securitized products markets with a specific focus in commercial real estate sectors to be able to identify and highlight any market threats, weaknesses, or potential events that could impact the value of the desk's positions.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Quantitative Finance, Mathematics, Economics, Finance, Business, or related field of study plus 2 years of experience in the job offered or as Market Risk, Quantitative Analyst, Database Management, or related occupation. The employer will alternatively accept a Bachelor's degree in Quantitative Finance, Mathematics, Economics, Finance, Business, or related field of study plus 5 years of experience in the job offered or as Market Risk, Quantitative Analyst, Database Management, or related occupation.
Skills Required: This position requires experience with the following: Fixed income products including commercial loans, residential loans, commercial mortgage backed securities, residential mortgage backed securities, asset backed securities, TBAs (To be Announced MBS), and credit default swap indexes; risk scenario analysis and full revaluation stress testing for conducting ad-hoc and regular risk analysis on desk positions and portfolios; calculation, quantification, and relevance of market risk Greeks including delta, gamma, vega, and theta; Value at Risk calculations and modelling; regulatory rules impacting financial market, including Volcker, FRTB, and Basel 3; Python coding; developing, testing, and deploying Python scripts for quantitative analysis, market risk models, and data processing; trading analysis tools including Intex and Bloomberg; Advanced Excel including VBA, Pivot tables, Index Match functions, and offset functions; CCAR reporting and stress process.
Job Location: 383 Madison Avenue, New York, NY 10179
Full-Time. Salary: $160,000 - $215,000 per year.
About Us
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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
DESCRIPTION:
Duties: Monitor risk exposures and assess the factors that drive the profit and loss for the trading desks. Perform scenario analysis and full revaluation stress testing and conduct ad-hoc and regular risk analysis to assess the degree of risk concern for the various desk portfolios. Assess the market risk for upcoming potential desk trade opportunities by evaluating risk metrics and hedging strategy while being able to effectively accept or reject the trade via pre-trade governance guidelines. Highlight concentrated and concerning risk positions and effectively communicate these risks to both the trading desks and senior market risk management. Enforce market risk limits and ensure any breaches to limits are appropriately escalated and managed within a timely manner as per the market risk guidelines. Coordinate with various groups on projects related to risk methodology, stress, risk limits, Value at Risk, and risk infrastructure enhancements. Monitor the securitized products markets with a specific focus in commercial real estate sectors to be able to identify and highlight any market threats, weaknesses, or potential events that could impact the value of the desk's positions.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Quantitative Finance, Mathematics, Economics, Finance, Business, or related field of study plus 2 years of experience in the job offered or as Market Risk, Quantitative Analyst, Database Management, or related occupation. The employer will alternatively accept a Bachelor's degree in Quantitative Finance, Mathematics, Economics, Finance, Business, or related field of study plus 5 years of experience in the job offered or as Market Risk, Quantitative Analyst, Database Management, or related occupation.
Skills Required: This position requires experience with the following: Fixed income products including commercial loans, residential loans, commercial mortgage backed securities, residential mortgage backed securities, asset backed securities, TBAs (To be Announced MBS), and credit default swap indexes; risk scenario analysis and full revaluation stress testing for conducting ad-hoc and regular risk analysis on desk positions and portfolios; calculation, quantification, and relevance of market risk Greeks including delta, gamma, vega, and theta; Value at Risk calculations and modelling; regulatory rules impacting financial market, including Volcker, FRTB, and Basel 3; Python coding; developing, testing, and deploying Python scripts for quantitative analysis, market risk models, and data processing; trading analysis tools including Intex and Bloomberg; Advanced Excel including VBA, Pivot tables, Index Match functions, and offset functions; CCAR reporting and stress process.
Job Location: 383 Madison Avenue, New York, NY 10179
Full-Time. Salary: $160,000 - $215,000 per year.
About Us
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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
JPMorganChase New York, New York, USA Office
270 Park Avenue, New York, NY, United States, 10017-2014
JPMorganChase New York, New York, USA Office
4 Metrotech Center, New York, NY, United States, 11201
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