JOB DESCRIPTION We are looking for a new member to join our Interest Rates team in the Model Risk Governance and Review Group which is responsible for end-to-end model risk management across the firm As a Quant Model Risk Associate VP you will assess and help mitigate the model risk of complex models used in the context of valuation risk measurement the calculation of capital and more broadly for decision-making purposes Additionally you will have an chance for exposure to a variety of business and functional areas as well as will work closely with model developers and users Job responsibilities Carries out model reviews analyze conceptual soundness of complex pricing models engines and reserve methodologies assess model behavior and suitability of pricing models engines to particular products structures Provides guidance on model usage and act as first point of contact for the business on all new models and changes to existing models Develop and implement alternative model benchmarks and compare the outcome of various models Design model performance metrics Liaises with model developers Risk and Valuation Control Groups and provide guidance on model risk Evaluates model performance on a regular basis Manage and develop junior members of the team Required qualifications capabilities and skills We are looking for someone excited to join our organization If you meet the minimum requirements below you are encouraged to apply to be considered for this role Excellence in probability theory stochastic processes statistics partial differential equations and numerical analysis MSc PhD or equivalent in a quantitative discipline Inquisitive nature ability to ask right questions and escalate issues Excellent communication skills written and verbal Good understanding of option pricing theory i e quantitative models for pricing and hedging derivatives Good coding skills for example in C C or Python 3 years of experience in a FO or model risk quantitative role Preferred qualifications capabilities and skills The following additional items will be considered but are not required for this role Experience with interest rates derivatives ABOUT US JPMorganChase one of the oldest financial institutions offers cutting-edge 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 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 ABOUT THE TEAM Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing Our corporate teams are an essential part of our company ensuring that we re setting our businesses clients customers and employees up for success