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For Companies At a Glance
- Tasks: Analyse mortgage market risks and collaborate with teams to enhance risk management strategies.
- Company: Join JPMorgan Chase, a leader in financial services with a strong commitment to risk management.
- Benefits: Competitive salary, health benefits, and opportunities for professional growth.
- Why this job: Make a real impact on mortgage risk management while working with industry experts.
- Qualifications: Experience in risk management and strong analytical skills required.
- Other info: Dynamic work environment with excellent career advancement opportunities.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you help keep JPMorgan Chase strong and resilient by anticipating new and emerging risks and applying expert judgement to real-world challenges that impact the firm, customers, and communities.
As a Firmwide Mortgage Market Risk – Associate within the Firmwide Mortgage Risk team, you will report directly to the Firmwide Risk Executive – Mortgages. You will collaborate with business units, risk divisions, and corporate groups to drive consistency and standardization in mortgage and real estate risk management across the firm. Your work will strengthen market risk analysis, enhance governance, and support strategic decision-making for mortgage and real estate exposures.
You will work with various business units and risk divisions to gather, comprehend, analyze, and infer potential real estate risk implications within the firm. You will continuously evaluate emerging risks to the firmwide mortgage portfolio across multiple LOBs and asset classes, and lead efforts with other teams to standardize mortgage coverage across the firm.
Responsibilities
- Participate in the Firmwide Mortgage Market Risk Forum, facilitating cross-LOB collaboration to align risk methodologies, assumptions, and models.
- Lead efforts to aggregate and analyze market and credit risk attributes for mortgage and real estate portfolios across all lines of business.
- Develop and maintain benchmarking processes, back-testing routines, and model governance standards at portfolio and LOB levels.
- Prepare and present risk reports, escalation thresholds, and portfolio updates to senior management and relevant committees.
- Integrate risk appetite frameworks into mortgage risk management strategies, including growth, re-risking, and de-risking initiatives.
- Assess correlations and diversification within real estate exposures and their impact on the firm\’s balance sheet.
- Monitor and evaluate regulatory and industry developments affecting mortgage and real estate risk.
- Support stress testing, CCAR, CECL, and other regulatory exercises, ensuring horizontal evaluation and consistency across the firm.
- Review and challenge mortgage models, Home Price model methodologies, and quantitative research updates.
- Collaborate with research, quantitative, and valuation teams to address model issues and implement enhancements.
- Contribute to the assessment and integration of climate and environmental risk factors into real estate risk management.
Qualifications
- Experience in risk management, with a focus on mortgage products and market risk, or in another role with strong mortgage experience.
- Strong understanding of risk concepts, governance, and regulatory requirements.
- Experience with benchmarking, stress testing, and model governance.
- Effective verbal and written communication skills, with the ability to present complex risk topics to senior management and forum participants.
- Proficiency in Excel and PowerPoint for risk analysis and reporting.
- Strong attention to detail and ability to work collaboratively across teams.
- Advanced degree in math, science, or computer science discipline (preferred).
- Experience in quantitative risk techniques.
- Familiarity with regulatory frameworks (CCAR, CECL) and industry best practices.
- Understanding of product knowledge and its impact on market risks.
- Experience with climate and environmental risk assessment in real estate (preferred).
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Firmwide Mortgage Market Risk - Associate employer: Jpmorgan Chase & Co.
Contact Detail:
Jpmorgan Chase & Co. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Firmwide Mortgage Market Risk - Associate
✨Network Like a Pro
Get out there and connect with folks in the industry! Attend events, join online forums, or even hit up LinkedIn. The more people you know, the better your chances of landing that dream job.
✨Ace the Informational Interview
Don’t be shy about reaching out for informational interviews. It’s a great way to learn about the company culture and show your interest. Plus, it gives you a chance to ask questions and make a lasting impression!
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your relevant skills and experiences. Use specific examples from your past work to demonstrate how you can add value to their team.
✨Apply Through Our Website
Remember, applying through our website is the best way to ensure your application gets noticed. We’re always on the lookout for talent, so don’t hesitate to submit your application directly!
We think you need these skills to ace Firmwide Mortgage Market Risk - Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Firmwide Mortgage Market Risk role. Highlight your experience in risk management, especially with mortgage products, and showcase any relevant skills that align with the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how your background makes you a perfect fit for the team. Don’t forget to mention your understanding of regulatory frameworks and your analytical skills.
Showcase Your Communication Skills: Since effective communication is key in this role, make sure your written application reflects your ability to present complex topics clearly. Use concise language and structure your thoughts logically to demonstrate your communication prowess.
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s straightforward and ensures your application goes directly to the right people. Plus, you’ll get to see all the other exciting opportunities we have!
How to prepare for a job interview at Jpmorgan Chase & Co.
✨Know Your Risk Management Basics
Make sure you brush up on your risk management concepts, especially those related to mortgage products. Be ready to discuss how you would apply these concepts in real-world scenarios, as this will show your understanding of the role and its responsibilities.
✨Showcase Your Analytical Skills
Prepare to demonstrate your proficiency in Excel and PowerPoint. Bring examples of past analyses you've conducted, particularly those involving benchmarking or stress testing. This will help you illustrate your ability to handle complex data and present it effectively.
✨Communicate Clearly and Confidently
Practice explaining complex risk topics in simple terms. You might be asked to present your thoughts to senior management, so being able to communicate clearly is crucial. Consider doing mock interviews with friends or colleagues to refine your delivery.
✨Stay Updated on Industry Trends
Familiarise yourself with the latest regulatory developments affecting mortgage and real estate risk. Being knowledgeable about current trends will not only impress your interviewers but also demonstrate your commitment to staying informed in a rapidly changing field.