Job Description
DESCRIPTION:
Duties: Participate in the validation of Credit Risk Capital and Loss Forecasting models for Wholesale credit products. Carry out model validation and governance activities. Perform model reviews, including evaluating: conceptual soundness of model specification; reasonableness of assumptions and reliability of inputs; completeness of testing performed to support the correctness of the implementation; robustness of numerical aspects; suitability and comprehensiveness of performance metrics and risk measures associated with use of model. Performing model risk measurement, including designing and implementing experiments to measure potential impact of model limitations, parameter estimation error or deviations from model assumptions. Compare model outputs with empirical evidence and/or outputs from model benchmarks in support of model risk measurement. Liaise with Lines of Business, Finance and Risk professionals and contribute toward regulatory engagements. Telecommuting permitted up to 40% of the week.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Applied Statistics, Statistics, Data Analytics, Mathematics, Econometrics, or related field of study plus 5 years of experience in the job offered or as Quantitative Modeling Lead, Quantitative Finance Analyst, Quantitative Modeling Analyst, Financial Quantitative Analyst, or related occupation. The employer will alternatively accept a Ph.D. degree in Applied Statistics, Statistics, Data Analytics, Mathematics, Econometrics, or related field of study plus 2 years of experience in the job offered or as a Quantitative Modeling Lead, Quantitative Finance Analyst, Quantitative Modeling Analyst, Financial Quantitative Analyst, or related occupation.
Skills Required: Requires three (3) years of experience in the following: Performance Testing; financial risk modeling; credit product portfolios such as Commercial and Industrial, Commercial Real Estate, Credit Cards, or Mortgage; programming languages such as SAS, R, or Python; Statistical and econometric modeling such as logistic regressions, linear regressions, and time series analysis; relational database management systems such as SQL; model validation or model risk audit experience with empirical models for Retail or Wholesale credit products; and risk management related to regulations such as Basel or CCAR.
Job Location: 237 Park Ave, New York, NY 10017. Telecommuting permitted up to 40% of the week.
Full-Time. Salary: $187,460 - $210,000 per year.
About Us
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
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.