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 in the Risk Management - Treasury and Chief Investment Office - Interest Rate Risk Management team, you will be responsible for managing the firm's interest rate risk exposure. This exposure arises from traditional banking activities such as loan extensions, credit facilities, deposits, debt issuance, and the impact from the Chief Investment Office's investment securities portfolio and other related activities. These activities are collectively referred to as Interest Rate Risk in the Banking Book or IRRBB.
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The Firm's Corporate Treasury function and the Chief Investment Office (together referred to as \"Treasury/CIO\") manage the Firm's balance sheet. This includes activities such as:
- Managing the Firm's structural interest rate and foreign exchange risk exposures
- Deploying the Firm's excess liquidity
- Managing the Firm's funding and liabilities
- Managing the Firm's liquidity risk and its regulatory compliance
This group seeks to hire an Associate to join its Interest Rate Risk and FTP Risk Management (IRRM) function. This function provides risk coverage for the Firm and Line of Business interest rate risk exposure arising from the firm's traditional banking activities which includes the extension of loans and credit facilities, taking deposits and issuing debt, and the impact from the CIO investment securities portfolio and other related CIO and Treasury activities (collectively referred to as Interest Rate Risk in the Banking Book or IRRBB). This function also provides Risk Management Oversight on the Firm's Funds Transfer Pricing (FTP) framework - including Base FTP, Liquidity Premium and Resource Allocation.
Job Responsibilities
- Primarily responsible for risk coverage for structural interest rate risk (also known as IRRBB / Interest Rate Risk in the Banking Book) originating from Line of businesses (LOB) and Funds Transfer Pricing (FTP), both domestically and internationally
- Support the monitoring, analysis, and management of interest rate risk (IRR) exposures for assigned lines of business and deliver insights on Net Interest Income (NII) at risk, economic value sensitivity (EVE), and convexity impacts under multiple market rate scenarios.
- Assist in the development and ongoing management of IRR limits, triggers, and guidelines. Conduct risk appetite analysis and escalate breaches or emerging trends to relevant stakeholders.
- Provide 2nd line coverage on FTP methodologies, including Base FTP, Liquidity Premium and Resource Allocation
- Develop and maintain challenger models for core balance sheet products such as mortgages, deposits, credit cards, and wholesale loans and Support model risk and validation reviews by documenting model logic, assumptions, data sources, and calibration techniques.
- Partner with technology, data, and modeling teams to enhance the risk and finance analytics platform. Automate reporting, scenario generation, and model monitoring dashboards.
- Lead or support strategic projects aimed at improving behavioral modeling (e.g., non-maturity deposit behavior), FTP curve design, or product repricing strategies.
- Produce detailed analysis and risk commentary for senior management, LOB CFOs, and Treasury committees.
- Maintain awareness of regulatory expectations (e.g., Basel IRRBB, OCC 2016-7) and support internal/external reviews, audits, and compliance with model governance policies.
Required qualifications, capabilities, and skills
- Mimimum 4 years of experience in Trading, Risk Management, Treasury or a Finance function
- An excellent academic record and Degree in Business-Administration / Economics / Finance / Mathematics / Engineering / Computer Science, Data or Information Science, or related quantitative analytic from a reputed institute is required
- Knowledge of standard financial concepts, including basic understanding of fixed-income securities and markets
- Excellent oral and written communication skills, with ability to articulate complex concepts and intuitions for management consumption
- Strong analytical skills, high level of self-initiative and ability to work effectively across different functional areas and locales
- Proficiency in Python/SQL programming or similar languages
Preferred qualifications, capabilities, and skills
- Understanding of Balance Sheet management, Interest Rate Risk, Funds Transfer Pricing, Liquidity Risk; or Capital Markets trading environment exposure a plus.
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
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.