Quant Model Risk AnalystAssociate

JPMorganChase; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading financial institution in Greater London seeks a Model Risk Analyst/Associate to impact model risk management. This dynamic role involves reviewing credit derivatives models, collaborating with trading desks, and ensuring model governance. The ideal candidate possesses a Master's degree, strong analytical skills, and programming proficiency in C/C and Python. This is a full-time position offering a chance to contribute to critical decision-making processes in a global environment.

Qualifications

• Excellence in probability theory, stochastic processes, and statistics.
• Strong understanding of option pricing theory and quantitative models.
• Experience with Monte Carlo and numerical methods.
• Analytical and problem-solving abilities.
• Proficiency in C/C programming and Python.
• Inquisitive nature with excellent communication skills.
• Teamwork-oriented mindset.

Responsibilities

• Analyze the conceptual soundness of complex pricing models.
• Develop and implement alternative model benchmarks and metrics.
• Liaise with model developers and risk professionals.
• Maintain model risk control apparatus.

Skills

Probability theory

Stochastic processes

Statistics

Numerical analysis

Option pricing theory

Monte Carlo methods

Problem-solving

C/C programming

Python

Communication skills

Teamwork

Education

MSc or equivalent in a relevant field

Tools

Microsoft Access

Job description

Description

Are you ready to make a significant impact in the world of model risk management? At Model Risk Governance and Review Group (MRGR) we are at the forefront of assessing and mitigating model risks across the globe. With a presence in major financial hubs like New York, London, Mumbai and Paris our team collaborates with top professionals in Risk, Finance and Model Development. This is your chance to work in a dynamic environment, gain exposure to various business areas and contribute to critical decision‑making processes.

As a Model Risk Analyst / Associate in the Model Risk Governance and Review team you will play a crucial role in reviewing credit derivatives models and enhancing model risk governance. You will collaborate with model developers, trading desks and risk professionals to ensure the soundness and suitability of complex pricing models. Together we will drive innovation and maintain robust model risk controls.

Job 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.

Required qualifications capabilities and skills

• Excellence in probability theory, stochastic processes, statistics and numerical analysis.
• Strong understanding of option pricing theory and quantitative models for derivatives.
• Experience with Monte Carlo and numerical methods.
• Strong analytical and problem‑solving abilities.
• MSc or equivalent in a relevant field.
• Proficiency in C/C programming and Python.
• Inquisitive nature with excellent communication skills.
• Teamwork‑oriented mindset.

Preferred qualifications capabilities and skills

• Experience with credit derivatives

Required Experience

IC

Key Skills

• ISO 27001
• Microsoft Access
• Risk Management
• Financial Services
• PCI
• Risk Analysis
• Analysis Skills
• COBIT
• NIST Standards
• SOX
• Information Security
• Data Analysis Skills

Employment Type: Full‑Time

Experience: years

Vacancy: 1