JPMorgan Chase Bank, N.A.
Risk Management - Model Risk Program Associate
JPMorgan Chase Bank, N.A., Jersey City, New Jersey, United States, 07390
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 responsibly by anticipating new risks and using your judgment to solve real-world challenges affecting our company, customers, and communities. Our culture emphasizes thinking outside the box, challenging the status quo, and striving for excellence.
As a
Quant Model Risk Associate
within our Risk Management team, you will be responsible for assessing and mitigating risks associated with complex models used for valuation, risk measurement, capital calculation, and decision-making. This role offers exposure to various business areas and close collaboration with model developers and users. Job Responsibilities
Analyze the conceptual soundness of complex pricing models, engines, and reserve methodologies; assess model behavior and suitability for specific products/structures. Guide on model usage and serve as the first contact for the business regarding new models and changes to existing models. Develop and implement model benchmarks; compare outcomes of various models; design performance metrics. Liaise with model developers, Risk, and Valuation Control Groups, providing guidance on model risk. Evaluate model performance regularly. Required Qualifications, Capabilities, and Skills
Strong knowledge in probability theory, stochastic processes, statistics, PDEs, and numerical analysis. Master's or PhD degree. Inquisitive with the ability to ask pertinent questions and escalate issues. Excellent communication skills, both written and verbal. Understanding of option pricing theory and quantitative models for derivatives. Good coding skills in C/C++ or Python. Preferred Qualifications and Skills
Experience with Securitized Products. Advanced degree in a quantitative discipline. Experience in a front-office or model risk quantitative role. JPMorgan Chase, with a history spanning over 200 years, offers innovative financial solutions worldwide. We provide a competitive total rewards package, including salary, bonuses, benefits like health coverage, retirement plans, wellness centers, tuition reimbursement, mental health support, and more. We value diversity and are an equal opportunity employer, committed to inclusivity and reasonable accommodations for all applicants. Base salary ranges from $135,000 to $150,000 annually, depending on location and experience.
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Quant Model Risk Associate
within our Risk Management team, you will be responsible for assessing and mitigating risks associated with complex models used for valuation, risk measurement, capital calculation, and decision-making. This role offers exposure to various business areas and close collaboration with model developers and users. Job Responsibilities
Analyze the conceptual soundness of complex pricing models, engines, and reserve methodologies; assess model behavior and suitability for specific products/structures. Guide on model usage and serve as the first contact for the business regarding new models and changes to existing models. Develop and implement model benchmarks; compare outcomes of various models; design performance metrics. Liaise with model developers, Risk, and Valuation Control Groups, providing guidance on model risk. Evaluate model performance regularly. Required Qualifications, Capabilities, and Skills
Strong knowledge in probability theory, stochastic processes, statistics, PDEs, and numerical analysis. Master's or PhD degree. Inquisitive with the ability to ask pertinent questions and escalate issues. Excellent communication skills, both written and verbal. Understanding of option pricing theory and quantitative models for derivatives. Good coding skills in C/C++ or Python. Preferred Qualifications and Skills
Experience with Securitized Products. Advanced degree in a quantitative discipline. Experience in a front-office or model risk quantitative role. JPMorgan Chase, with a history spanning over 200 years, offers innovative financial solutions worldwide. We provide a competitive total rewards package, including salary, bonuses, benefits like health coverage, retirement plans, wellness centers, tuition reimbursement, mental health support, and more. We value diversity and are an equal opportunity employer, committed to inclusivity and reasonable accommodations for all applicants. Base salary ranges from $135,000 to $150,000 annually, depending on location and experience.
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