Market Risk Management Rates

As an Associate in the Paris Market Risk team covering the Rates and Rates Exotics business, you will partner closely with the trading desk and Market Risk management to understand risk promoters, communicate key exposures, and support sound risk-return decisions. The team identifies, measures, monitors, and controls the financial risks arising from movements in market prices, and serves as a key interface with trading desks on risk matters affecting their portfolios. This Associate role sits in the Paris Market Risk team covering the Rates and Rates Exotics business, offering the opportunity to work closely with front-office stakeholders and gain deep exposure to complex products and risk management practices in a major European financial hub. Job Responsibilities
• Risk monitoring & P&L attribution: Use trading and risk analytics to monitor exposures and interpret the drivers of P&L across the portfolio.
• Market awareness & risk escalation: Stay close to global market developments and events affecting the book; identify and escalate top risks to Trading and Market Risk management.
• Risk analysis & stress testing: Run scenario analysis and stress testing; deliver recurring and ad-hoc risk analysis, deep dives, and concise written and verbal updates.
• Constructive challenge: Proactively identify threats, concentrations, and weaknesses in the risk profile and raise them directly with stakeholders in a confident, solutions-oriented manner.
• Risk framework support: Contribute to risk limit monitoring and effective risk governance.
• Technology & efficiency: Apply data science and AI-based techniques to extract insights from diverse data sources and improve speed, quality, and scalability of risk monitoring and reporting. Required Qualifications, Capabilities, and Skills
• Experience in market risk, trading, or a related markets discipline.
• Bachelor’s degree (we recruit from all disciplines).
• Strong interest in financial markets and macroeconomics, with an understanding of securities and derivative products.
• Strong analytical skills and attention to detail; intellectual curiosity and a “get things done” mindset.
• Ability to explain complex risk topics clearly to senior stakeholders.
• Strong prioritization and ownership; comfort operating in a fast-paced environment.
• Proven ability to engage in robust, two-way conversations with stakeholders from junior to senior traders.
• Excellent written and spoken communication skills; English fluency required.
• Working knowledge of programming/coding techniques (e.g., Python) and interest in using AI/tooling to drive efficiency.
• Collaborative approach; ability to build constructive relationships across teams. Preferred Qualifications
• Knowledge of market risk practices such as stress testing, scenario analysis, VaR, risk sensitivities, and limits. J.
P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives. 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. J.
P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.