When you join the CIO MSR Hedging team, you become part of a group managing interest rate risk for one of the world's largest global financial institutions. The Treasury and Chief Investment Office (TCIO) at JPMorgan Chase & Co. is responsible for firm wide asset and liability management for one of the world's largest global financial institutions with more than $5.0tn in assets and liabilities, including more than $2.7tn in deposits. TCIO is also responsible for developing and executing the firm's capital, balance sheet, liquidity and funding strategy. TCIO oversees a $800 billion global investment securities portfolio that is used to earn returns on excess deposits while managing the interest rate risk of the firm against its liabilities.

As an Analyst in our CIO MSR Hedging Team within T/CIO in New York City, you will develop knowledge of the US rates and mortgage markets while supporting the team's efforts to formulate and execute hedging strategies for Chase's Mortgage Servicing Rights. The team is responsible for managing the risk of Chase's Mortgage Servicing Right, through the use of linear (Treasury, interest rate swaps, futures), and non-linear (options, board options) rates related products, as well as mortgage products. The team works closely with Chase Home Lending Capital Markets Group to formulate and execute hedging strategies.

Job Responsibilities

• Develop knowledge of the US rates and mortgage markets, identifying value propositions and areas of opportunity
• Support senior Portfolio Manager to formulate and execute hedging strategies 
• Develop and maintain accurate analytics, modeling, and valuation frameworks for linear and options-based fixed income instruments, including embedded and explicit options
• Build and maintain relationships with trading counterparties
• Work with business partners across lines of business on collaborative hedging and risk-management projects

Required Qualifications, Capabilities, and Skills

• Strong quantitative and analytical skills
• Solid grounding in fixed income securities including but not limited to, rates, mortgages, and derivatives, with the ability to build frameworks and tools to analyze them
• Ability to comprehend complex concepts and models, with a willingness to dive into details to find answers
• Self-starter who can succeed independently in a dynamic, fast-paced environment, as well as collaboratively within a team
• Maturity and the ability to succeed in a dynamic, fast-paced, and open trading-desk environment
• 0+ years of experience working in finance, markets, or quantitative fields

Preferred Qualifications, Capabilities, and Skills

• Understanding of interest rate or mortgage products, including options and embedded options
• Prior sell-side markets exposure such as trading desk experience, trading rotations, or markets-focused internships is a strong plus
• Knowledge and aptitude in programming skills
• Strong understanding of trading and markets

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