Quant Model Risk Analyst — Model Governance & Pricing

JPMorganChase; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global financial services firm is seeking a Model Risk Analyst/Associate in London to assess and mitigate model risks within their Model Risk Governance and Review team. The ideal candidate will analyze complex pricing models, collaborate with various professionals, and contribute to robust model governance. This position offers the opportunity to work in a dynamic environment focused on innovation and critical decision-making processes while ensuring sound risk practices.

Qualifications

• Solid understanding of stochastic processes and numerical analysis.
• Experience analyzing derivatives and complex pricing models.
• Ability to work collaboratively with model developers and trading desks.

Responsibilities

• Analyze the conceptual soundness of complex pricing models.
• Develop alternative model benchmarks.
• Liaise with model developers for model risk guidance.
• Maintain model risk control measures.

Skills

Strong analytical and problem-solving abilities

Excellence in probability theory

Proficiency in C/C++ programming

Strong understanding of option pricing theory

Experience with Monte Carlo and numerical methods

Inquisitive nature

Excellent communication skills

Teamwork-oriented mindset

Education

MSc or equivalent in a relevant field

Tools

Python

Job description

A leading global financial services firm is seeking a Model Risk Analyst/Associate in London to assess and mitigate model risks within their Model Risk Governance and Review team. The ideal candidate will analyze complex pricing models, collaborate with various professionals, and contribute to robust model governance. This position offers the opportunity to work in a dynamic environment focused on innovation and critical decision-making processes while ensuring sound risk practices.