Quant Modeling Associate - Model Risk & Valuation Governance

Fairygodboss; Greater London; On-site; GBP 140,000 - 210,000; Full time

Job summary

J.P. Morgan seeks a Quant Modeling Associate/VP to join the Model Risk Governance and Review team in London. The role involves evaluating complex electronic trading models used for valuation, risk, and capital calculations, and coordinating with developers and users to mitigate model risk.

The position offers exposure to diverse business areas and requires advanced quantitative training, strong communication, and hands-on programming in Python and database tools.

Qualifications

• Master's or PhD in Mathematics, Physics, Engineering, CS, Economics or Finance.
• Strong experience in model validation or front office related to electronic trading.
• Excellence in probability theory, stochastic processes, statistics and numerical analysis.
• Solid understanding of option pricing theory and quantitative models for derivatives.
• Excellent written and verbal communication, and risk-aware mindset.
• Proficiency in Python and data analysis; curiosity and teamwork.

Responsibilities

• Evaluate conceptual soundness, assumptions, inputs, testing, implementation and performance metrics; reproduce benchmark models.
• Design experiments to measure model limitations and compare outputs with empirical evidence.
• Evaluate risks from non-transparent parameters and non-linear relationships; suggest mitigations.
• Document review findings and communicate to stakeholders.
• Serve as first point of contact for model governance inquiries for the coverage area.
• Provide guidance on model usage to developers, users and stakeholders.
• Monitor ongoing performance testing outcomes and update stakeholders.
• Maintain model inventory and metadata for the coverage area.
• Stay current with developments in products, markets, models and risk practices.

Skills

Mathematics

Statistics

Probability theory

Numerical analysis

Communication

Teamwork

Education

Master's or PhD in a quantitative discipline

Tools

Python (NumPy/SciPy/Pandas)

SQL

KDB+/Q

TensorFlow

Job description

J.P. Morgan seeks a Quant Modeling Associate/VP to join the Model Risk Governance and Review team in London. The role involves evaluating complex electronic trading models used for valuation, risk, and capital calculations, and coordinating with developers and users to mitigate model risk.

The position offers exposure to diverse business areas and requires advanced quantitative training, strong communication, and hands-on programming in Python and database tools.