Risk Management-Quantitative Associate- Market Risk Model Development

JPMorgan Chase • New York, NY • 4h ago

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 a Quantitative Analyst in the Market Risk Model Development team, you will help design and implement models that are critical to the firm's risk management and regulatory compliance. You will work with a diverse group of colleagues who value your insights and support your growth. Together, we ensure our models meet the highest standards and make a real impact on the business.

Job Responsibilities

Apply advanced statistical analysis to historical market data to specify and implement mathematical models for Value-at-Risk, regulatory capital, and stress testing of Fixed Income portfolios, with a focus on Securitized Products

Devise statistical tests to evaluate model performance and quantify the impact of alternative modeling assumptions

Interpret regulatory pronouncements and translate them into actionable model specifications

Coordinate model implementation with Front Office model developers and Technology partners

Explain model behavior to Risk managers, Trading desk personnel, and Regulators

Establish comprehensive model documentation and liaise with Model Risk Governance and Review for model validation

Assess model risk issues associated with valuation and risk models, and devise compensating controls when necessary

Required Qualifications, Capabilities, and Skills

Minimum 3 years of professional experience as a quantitative analyst in model development, model validation, or quantitative risk management for Fixed Income, with a focus on Securitized Products

Strong foundation in probability theory, time series analysis, and statistics as applied to financial modeling

Proficiency in computer programming, with experience handling large datasets and using Python tools such as pandas, scipy, sklearn, and Jupyter

Excellent verbal and written communication skills, with the ability to present complex concepts to both technical and non-technical audiences

Preferred Qualifications, Capabilities, and Skills

Advanced degree (PhD or Masters) in Engineering, Mathematics, Physics, Finance, Computer Science, or a related field preferred

Demonstrated curiosity about finance and a research-oriented mindset

Experience consulting academic literature to solve practical modeling challenges

Enthusiasm for sharing knowledge and collaborating within a team environment

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.

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