Risk Management - Quant Modeling Associate at Chase · 545…

Summary: JPMorgan Chase is a leading financial institution that provides innovative financial solutions. They are seeking a Risk Management - Quant Modeling Associate to help anticipate and manage emerging risks through model validation and governance activities, ensuring models are fit for purpose and used appropriately within the business context. Responsibilities: - Set standards for robust model development practices and enhance them as needed to meet evolving industry standards - Evaluate adherence to development standards including soundness of model design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics - Identify weaknesses, limitations, and emerging risks through independent testing, building of benchmark models, and ongoing monitoring activities - Communicate risk assessments and findings to stakeholders, and document in high quality technical reports - Assist the firm in maintaining (i) appropriateness of ongoing model usage, and (ii) the level of aggregate model risk within risk appetite Required Qualifications: - Master's degree in a quantitative field such as Math, Physics, Engineering, Statistics, Economics or Finance is required - at least one year of experience in a quantitative or modeling role - Deep understanding of statistical/econometric models such as linear, logistics and time series models, is required - Proficiency in Python, R, or equivalent - Strong communication skills verbally and particularly in writing, with the ability to interface with other functional areas in the firm on model-related issues and write high quality technical reports Preferred Qualifications: - Prior experience in mortgage or CRE risk model development or validation is a plus - Prior experience in financial products/markets and regulatory stress testing (CCAR/ICAAP) is a plus - Knowledge in financial market is preferred - Experience with large data sets is preferred Required Skills: Statistical models, Econometric models, Linear models, Logistic models, Time series models, Python, R, Quantitative modeling, Model validation, Model governance, Financial products, Regulatory stress testing, Mortgage risk modeling, Commercial real estate risk modeling Benefits: 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, Comprehensive health care coverage, On-site health and wellness centers, A retirement savings plan, Backup childcare, Tuition reimbursement, Mental health support, Financial coaching