Model Risk Associate & VP: Equity Derivatives Governance

Testing Site - JPMC; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

Model Risk Governance and Review Group (MRGR) seeks a Model Risk Associate to review equity derivatives models and strengthen governance. You will collaborate with model developers, trading desks, and risk professionals to ensure sound pricing models and robust controls.

The role offers exposure to multiple business areas and opportunities to influence decision-making in a global context.

Qualifications

• Strong knowledge of probability theory, stochastic processes, statistics, and numerical analysis.
• Solid understanding of option pricing theory and quantitative models for derivatives.
• Experience with Monte Carlo and numerical methods.
• Proficiency in C/C++ programming and Python.
• Excellent communication and teamwork abilities.

Responsibilities

• Analyze the conceptual soundness of complex pricing models and reserve methodologies.
• Develop and implement alternative model benchmarks and performance metrics.
• Liaise with model developers, trading desks, and risk professionals to provide guidance on model risk and usage.
• Maintain model risk control apparatus and serve as the first point of contact for the coverage area.

Skills

Probability theory

Stochastic processes

Statistics

Numerical analysis

Monte Carlo methods

C/C++ programming

Python

Analytical thinking

Communication skills

Teamwork

Education

MSc or equivalent in a relevant field

Job description

Model Risk Governance and Review Group (MRGR) seeks a Model Risk Associate to review equity derivatives models and strengthen governance. You will collaborate with model developers, trading desks, and risk professionals to ensure sound pricing models and robust controls.

The role offers exposure to multiple business areas and opportunities to influence decision-making in a global context.