MRGR Treasury- Associate

Next Frontier Capital; Bengaluru; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

JPMorgan Chase & Co. in Bengaluru seeks a Quant Model Risk Associate in the Model Risk Governance and Review team to assess and mitigate the risks of treasury models used for resolution, liquidity, stress testing and budgeting. You will help ensure models are sound, well-documented and aligned with risk appetite.

You will guide on model usage, develop benchmarks, liaise with developers and compliance, and regularly evaluate performance in a fast-paced, collaborative environment.

Qualifications

• Education in quantitative fields with relevant model experience.
• Strong analytical and written/verbal communication abilities.
• Knowledge of financial products, markets and regulatory requirements.

Responsibilities

• Perform model reviews: evaluate conceptual soundness and behavior under market conditions.
• Guide on model usage and be contact for business on models and changes.
• Develop alternative benchmarks and design model performance metrics.
• Liaise with developers, users, and compliance; provide guidance on model risk.
• Evaluate model performance on a regular basis.

Skills

Quantitative modelling

Model validation

Communication skills

Programming (Python/R)

Education

Bachelor's in quantitative field

Master's in quantitative field

PhD in quantitative field

Tools

Python

R

MATLAB

C/C++

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 using 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 be responsible for assessing and mitigating 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. This role also provides the opportunity to 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 write 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 elevate issues appropriately.
• Ability to work in a fast‑paced, results‑driven environment.
• Curious, 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.

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. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These 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. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. 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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans.