Description
Are you looking for an exciting opportunity to join a dynamic and growing team in a quick paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view. As part of the firm’s model risk management function, the Model Risk Governance and Review group is charged with developing model risk policy and control procedures, performing model validation activities, providing guidance on a model’s appropriate usage in the business context, evaluating ongoing model performance testing, and ensuring that model users are aware of the model strengths and limitations.
As a Quant Modelling Analyst/Associate you will be a member of the Model Risk Governance and Review group in Bengaluru covering Counterparty Credit Risk models where you will have exposure to multiple assets classes, collateral modelling, advanced modelling methodologies as wells as day-to-day interaction with Quantitative Research teams, Risk functions and trading desks. Your position will focus on the following activities:




Job responsibilities:
- Model validation of trading models/pricers used in XVA, Counterparty Credit Exposure and IMM/Capital calculations and regulatory stress testing.
- Perform assessments of the conceptual soundness of model specification, the appropriateness of the methodology for its intended purpose, reasonableness of assumptions and reliability of inputs and assessment of model limitations
- Assess completeness of testing performed to support the correctness of the implementation
- Perform ongoing performance monitoring tests and regulatory/non-regulatory back testing to ascertain that models are relevant and fit for purpose.
- Assist with model governance processes, model inventory and issue management and help to devise new model governance policies as and when required.
- Work closely with model developers, trading desks, and controls functions across the firm to understand methodology, usage

📌 Quant Model Risk Analyst/Associate (Bengaluru)
🏢 JPMorganChase
📍 Bengaluru