Description
Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you play a crucial role in maintaining JPMorganChase's strength and resilience. 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 Quant Model Risk Associate in the Model Risk Governance and Review team, you will be responsible for assessing and mitigating the risks associated with the models used by Treasury for resolution and recovery, liquidity, stress testing and budgeting. You'll be at the forefront of innovation, driving continuous improvement in a dynamic and collaborative environment. This role also provides the prospect to gain exposure to various business and functional areas.
Job Responsibilities
- Perform model reviews: evaluate the conceptual soundness of a model,
assess its behavior under various market conditions and its suitability in the context of usage.
- Guide on model usage and act as the 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.
- Liaise with model developers, users, and compliance groups, and provide guidance on model risk.
- Evaluate model performance on a regular basis.
Required Qualifications, Capabilities and Skills
- Education: Bachelor’s, Master’s or PhD in a quantitative field (e.g., Mathematics, Statistics, Computer Science, Engineering, Physics).
- Bachelor’s degree with 3+ years of experience in a quantitative modelling or model validation role
- Master’s degree with 2+ years of experience in a quantitative modelling or model validation role.
- PhD with u