Job Description
As an Associate in the Securitized Products Group - Market Risk team, you bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase 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.
Primary functions include:
Quantification of the risk of a potential loss of value in assets and liabilities due to changes in market variables, e.g. interest rates, equity and commodity prices.
Ongoing monitoring and control of a business unit’s exposure to market risk through risk limits.
Performance of stress testing and qualitative risk assessments of a business unit’s trading portfolio.
Facilitation of efficient risk-return decisions.
Regular dialogue with the trading businesses with respect to risk appetite, risk limits and individual large and complex transactions.
Job Responsibilities
Apply your knowledge of CMBS deal structures, including Single Asset Single Borrower (SASB), Conduit, and Commercial Real Estate Collateralized Loan Obligation (CRE CLO), to identify threats and weaknesses within the risk profile.
Analyze how Agency and Non-Agency CMBS structures are priced, and how they differ from Residential Mortgage-Backed Securities, to proactively highlight risks to the trading business and the Market Risk management team.
Conduct internal stress estimates on incoming warehouse and non-warehouse commercial real estate loans.
Assess prepayment penalties and underlying extension assumptions, and evaluate their impact on CMBS structures and the broader commercial real estate loan portfolio.
Monitor and explain the drivers of profit and loss within the trading portfolio.
Support risk limit monitoring and escalate limit breaches and emerging risks in a timely manner.
Follow global financial markets, focusing on price movements and events affecting the commercial real estate market, and highlight top risks to the trading business and the Market Risk management team.
Prepare clear risk reporting and analysis for senior management and contribute to reviews of large and complex transactions.
Required qualifications, capabilities and skills
- Bachelor's degree in Finance, Economics, Mathematics, Engineering, Real Estate, or a related quantitative field
- 2+ years of experience in market risk, trading, structuring, research, or underwriting related to CMBS or commercial real estate lending
- Experience in risk management and fixed income or securitized products.
- Strong technical proficiency in Excel, VBA, and Bloomberg, with ability to learn and apply core business and risk systems
- Knowledge of CMBS deal structures, including SASB, Conduit, and CRE CLO
- Strong analytical and problem-solving skills, with the ability to explain what drives risk and profit and loss
- Strong written and verbal communication skills, with the confidence to engage trading and risk stakeholders
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
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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