Quant Modeling Associate/VP — Model Risk Governance

Next Frontier Capital; Greater London; On-site; GBP 120,000 - 180,000; Full time

Job summary

JPMorgan Chase & Co. is seeking a Quant Modeling Associate/VP to join the Model Risk Governance and Review team. You will assess and mitigate model risk for electronic trading models, collaborating with developers and users across the firm.

The role offers exposure to valuation, risk measurement, capital calculations, and related decision-making. Candidates should have strong quantitative training and experience in model validation and front office contexts.

Qualifications

• Master's or PhD in a quantitative discipline such as Mathematics, Physics, Engineering, Computer Science, Economics or Finance.
• Strong experience in model validation or front office in electronic trading.
• Excellence in probability theory, stochastic processes, statistics, and numerical analysis.
• Strong understanding of option pricing theory and quantitative models for derivatives.
• Excellent communication skills (written and verbal).
• Risk and control-oriented mindset; ability to assess materiality and elevate issues.

Responsibilities

• Evaluate conceptual soundness of model specifications, reasonableness of assumptions, reliability of inputs, and testing completeness.
• Design and implement experiments to measure model limitations and estimation errors.
• Evaluate risks posed by non-transparent parameters and non-linear relationships; suggest mitigations.
• Document model review findings and communicate to stakeholders.
• Serve as first point of contact for model governance inquiries; identify and elevate issues for timely resolutions.
• Provide guidance on appropriate model usage to developers and users in the firm.
• Monitor performance testing results and communicate outcomes to stakeholders.
• Maintain model inventory and metadata for the coverage area.
• Stay updated on developments in products, markets, models, and risk practices.

Skills

Probability theory

Stochastic processes

Statistics

Numerical analysis

Python

Communication skills

Curiosity & ownership

Education

Master's or PhD in quantitative discipline

Tools

TensorFlow

SQL

kdb

Job description

JPMorgan Chase & Co. is seeking a Quant Modeling Associate/VP to join the Model Risk Governance and Review team. You will assess and mitigate model risk for electronic trading models, collaborating with developers and users across the firm.

The role offers exposure to valuation, risk measurement, capital calculations, and related decision-making. Candidates should have strong quantitative training and experience in model validation and front office contexts.