Quant Model Risk Associate - Market Risk Governance

JPMorgan Chase & Co.; City of Westminster; On-site; GBP 60,000 - 90,000; Full time

Job summary

A global financial services leader is seeking a Quant Model Risk Associate - Market Risk to evaluate market risk models and ensure appropriate usage in business contexts. The ideal candidate will possess an advanced degree in a related field, strong analytical abilities, and experience with Python programming. This role will involve assessing model performance and collaborating with finance and risk professionals. An inquisitive mindset and excellent communication skills are essential.

Qualifications

• Advanced degree in Applied Mathematics, Economics, Physics, Statistics, Engineering, or similar.
• Deep understanding of probability theory and financial mathematics.
• Experienced in programming languages and working with complex data sets.
• Excellent communication skills (written and verbal).

Responsibilities

• Evaluate model specification and assumptions.
• Design and implement experiments to assess model limitations.
• Evaluate model performance regularly.
• Identify market conditions affecting model performance.
• Liaise with model developers and finance professionals.

Skills

Analytical skills

Problem-solving abilities

Programming skills (Python)

Understanding of probability theory

Teamwork-oriented

Education

Advanced degree (MSc or PhD) in relevant field

Job description

A global financial services leader is seeking a Quant Model Risk Associate - Market Risk to evaluate market risk models and ensure appropriate usage in business contexts. The ideal candidate will possess an advanced degree in a related field, strong analytical abilities, and experience with Python programming. This role will involve assessing model performance and collaborating with finance and risk professionals. An inquisitive mindset and excellent communication skills are essential.