Risk Management - Mortgage Banking Risk - Senior Associate
Risk Management - Mortgage Banking Risk - Senior Associate
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$ 135000 - 150000
1 Vacancy
Job Description
Bring your expertise to JPMorgan Chase. 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 an associate within the Structural Interest Rate Risk team you will participate in risk-related matters including risk analysis and review of the Mortgage Bank Mortgage Servicing Rights portfolio that is risk managed by CIO.
Job Responsibilities
Participate in the assessment and control of market risk across the portfolio by monitoring existing positions versus established limits understanding model inputs and resulting risk sensitivities and analyzing the impact of market movements on the portfolio using risk management tools such as Value at Risk (VaR) and Firmwide Stress scenario analysis.
Understand products including Mortgage Servicing Rights MBS MBS Options Interest Rate Swaps and Swaptions Treasuries Exchange Traded Futures and Options and related derivatives.
Independently identify elevate and discuss concerns with managers and traders and can challenge market positions and views.
Partner with the business on new initiatives to identify opportunities and areas of concern working with Front Office Middle Office Finance Valuation Control Model Review and Development VaR Methodology and Development and Technology groups.
Work with the risk coverage team globally establishing guidelines standards and best practices and play a role in the development and build-out of the risk management process and infrastructure supporting the MSR portfolio.
Required qualifications capabilities and skills.
Minimum 3 years of work experience in risk management or related technology field
Bachelors Degree or equivalent in Finance Economics Math Science or Technology
Mortgage Products experience required.
Strong quantitative and analytical background with an understanding of risk management techniques like VaR Stress and other non-statistical Market Risk measures
Strong communication skills with ability to explain highly technical concepts in practical terms.
Demonstrated ability to work effectively across different businesses and functional areas with thorough attention to detail in a potentially high-pressure environment.
Preferred qualifications capabilities and skills
Programming experience is desirable.
knowledge of MSR is desirable.
Required Experience:
Senior IC
Employment Type
Full-Time
