JPMorgan Risk Management - Structural Interest Rate Associate 

United States, New York, New York 

413205202

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.

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 2^nd
• 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.