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Risk Management -Wholesale Credit Risk Associate at Chase · 545…
Entry LevelOn-siteFull-time545 Washington Blvd, Jersey City, NJ, 07310$135k–$150k/yr
Skills
pythonc++statistical modelingmaster's degreemonte carlo simulationdata analysis toolslarge datasetsrestful apisobject-oriented programmingexploratory data analysisllmsai tools
Job Description
Summary: JPMorgan Chase is a leading financial institution that focuses on responsible business growth through risk management and compliance. The Wholesale Credit Risk Associate will design and implement risk modeling platforms, collaborate with stakeholders, and contribute to robust risk management practices.
Responsibilities:
- Develop statistical and quantitative risk models for wholesale credit portfolios
- Design, implement, and maintain JPMorgan Chase wholesale credit models, including stress testing and credit reserve requirements; support model backtesting and validation
- Implement efficient numerical algorithms using Python and optimized C libraries
- Build object-oriented software for risk analytics and integrate new models into the Firmwide Forecasting Framework
- Analyze and debug unexpected forecast behaviors to improve accuracy and robustness
- Conduct peer code reviews to elevate quality and performance of the forecasting framework
- Collaborate with model developers and business partners to implement, test, and operationalize forecasting capabilities
- Present progress, findings, and roadmap updates to senior leaders and modeling teams
- Manage project deliverables, defect remediation, and new feature releases across model development cycles
- Review, implement, and test technical documentation to ensure clarity and compliance
Required Qualifications:
- Master's degree or equivalent education in computer science, data science, mathematics, statistics, financial engineering, or related fields
- Proficiency in object-oriented programming using C++ and Python
- Strong knowledge of tools and methods for exploratory data analysis, such as Pandas and NumPy, which leverage efficient low-level C implementations
- Experience with statistical modeling and Monte Carlo simulation
- Ability to work with large datasets
- Experience designing and consuming RESTful APIs for quantitative workflows (credit data, risk calculators, model executions)
Preferred Qualifications:
- Experience with LLMs, prompt engineering, and AI-based agent coding tools is a plus
Required Skills: Python, C++, Statistical modeling
Important Skills: Master's degree, Monte Carlo simulation, Data analysis tools, Large datasets, RESTful APIs, Object-oriented programming
Nice-to-Have Skills: Exploratory data analysis, LLMs, AI tools
Benefits: Comprehensive health care coverage, On-site health and wellness centers, A retirement savings plan, Backup childcare, Tuition reimbursement, Mental health support, Financial coaching
Benefits
Comprehensive health care coverage
On-site health and wellness centers
A retirement savings plan
Backup childcare
Tuition reimbursement
Mental health support
Financial coaching