MRGR Treasury- Associate

JPMorganChase; Bengaluru; On-site; INR 1,000,000 - 2,000,000; Full time

Benefits offered by this job

Comprehensive health-care coverage

On-site health and wellness centers

Retirement savings plan

Tuition reimbursement

Mental health support

Job summary

JPMorganChase is seeking a Quant Model Risk Associate in Bengaluru, India, to assess and mitigate risks associated with models used by Treasury. The role involves evaluating model performance, guiding usage, and collaborating with various stakeholders to ensure robust model governance. Ideal candidates possess strong quantitative skills, analytical problem-solving abilities, and experience in model validation. The position offers a comprehensive benefits package and opportunities for professional growth within a collaborative environment.

Qualifications

• Bachelor’s degree with 3+ years of experience in quantitative modelling or model validation.
• Master’s degree with 2+ years of experience in quantitative modelling or model validation.
• PhD with up to 2 years of experience in relevant internships or research.

Responsibilities

• Perform model reviews to evaluate conceptual soundness.
• Guide on model usage and be the first contact for new models.
• Develop alternative model benchmarks and performance metrics.
• Liaise with stakeholders on model risk.
• Evaluate model performance regularly.

Skills

Analytical problem-solving

Verbal communication

Written communication

Financial product knowledge

Risk assessment

Programming languages (Python, R, etc.)

Education

Bachelor’s, Master’s or PhD in a quantitative field

Tools

Python

R

MATLAB

C/C++

Job description

Job Description

Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you play a crucial role in maintaining JPMorganChase's strength and resilience. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and use your expert judgement to solve real‑world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best‑in‑class.

As a Quant Model Risk Associate in the Model Risk Governance and Review team, you will assess and mitigate the risks associated with the models used by Treasury for resolution and recovery, liquidity, stress testing and budgeting. You’ll be at the forefront of innovation, driving continuous improvement in a dynamic and collaborative environment, and will gain exposure to various business and functional areas.

Job Responsibilities

• Perform model reviews: evaluate the conceptual soundness of a model, assess its behavior under various market conditions and its suitability in the context of usage.
• Guide on model usage and act as the first point of contact for the business on all new models and changes to existing models.
• Develop and implement alternative model benchmarks and compare the outcome of various models. Design model performance metrics.
• Liaise with model developers, users, and compliance groups, and provide guidance on model risk.
• Evaluate model performance on a regular basis.

Required Qualifications, Capabilities and Skills

• Education: Bachelor’s, Master’s or PhD in a quantitative field (e.g., Mathematics, Statistics, Computer Science, Engineering, Physics).
• Bachelor’s degree with 3+ years of experience in a quantitative modelling or model validation role.
• Master’s degree with 2+ years of experience in a quantitative modelling or model validation role.
• PhD with up to 2 years of experience in a quantitative modelling or model validation role (including relevant internships or research).
• Strong analytical problem‑solving skills and clear written/verbal communication, ability to articulate technical issues to diverse stakeholders and produce high quality technical reports.
• Knowledge of financial products/markets and regulatory requirements.
• Risk‑ and control‑oriented mindset: ability to ask incisive questions, assess the materiality of model issues, and escalations appropriately.
• Ability to work in a fast‑paced, results‑driven environment.
• Curiosity, ownership‑driven, and teamwork‑oriented mindset.

Preferred Qualifications, Capabilities and Skills

• Prior experience with Treasury function and its models.
• Hands‑on programming experience with at least one of the programming languages such as Python, R, MATLAB, C/C++ etc.

Benefits

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission‑based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. Additional benefits include comprehensive health‑care coverage, on‑site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more.

Equal Opportunity Employment

JPMorgan Chase & Co. is an equal‑opportunity employer and a provider of reasonable accommodations for applicants and employees who have disabilities. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law.