Wholesale Credit Quantitative Research - Associate

JPMorganChase; Mumbai; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

JPMorganChase is looking for a Quantitative Research Wholesale Credit Risk Modeling Associate in Mumbai, India. This role involves designing, analyzing, and delivering quantitative models to support the firm's credit stress and loss reserves models. A strong command of statistical techniques and ability to work in a collaborative environment is essential.

The ideal candidate will have a relevant degree and 3-5 years of experience in quantitative research or related fields. Knowledge of credit products and regulatory requirements is preferred.

Qualifications

• 3-5 years of relevant experience preferred.
• Strong background in Calculus, Linear Algebra, Probability, and Statistics.
• Proficient in statistical methods and models.

Responsibilities

• Design and develop loss forecasting models for regulatory purposes.
• Conduct back testing of the models and do model monitoring.

Skills

Statistical methods

Programming in Python or C++

Problem-solving

Data cleaning and filtering

Understanding of risk parameters

Education

Degree in Engineering, Financial Engineering, Computer Science, Mathematics, Sciences, Statistics, Econometrics

Job description

Job Description

As a Quantitative Research Wholesale Credit Risk Modeling Associate within the Wholesale Credit team, you will design, analyze, and deliver quantitative models to support the firm's Wholesale Credit Stress (CCAR, ICAAP, Risk Appetite) and loan loss reserves models. You will use statistical techniques and tools for building forecasting models, conduct back‑testing and annual monitoring of the models. This role will provide you with the opportunity to work with other experienced Wholesale Credit Quantitative Researchers and business partners, enhancing your quantitative as well as business skills.

Job Responsibilities

• Work as a quantitative researcher to design and develop loss forecasting models for regulatory purposes, conduct back testing of the models and do model monitoring.

Minimum Skills, Experience And Qualifications

• You have a degree in Engineering, Financial Engineering, Computer Science, Mathematics, Sciences, Statistics, Econometrics, or other quantitative fields
• You have a strong background in the following topics – Calculus, Linear Algebra, Probability, and Statistics
• You have solid theoretical and practical knowledge of statistical methods and models: generalized linear models, time‑series analysis, clustering, decision trees, logistic regression.
• You are experienced in handling large amount of panel data, and data cleaning/filtering.
• You demonstrate proficiency in at least one of the object‑oriented programming languages, and are good at one of Python or C++
• Ability to solve problems creatively while working in a dynamic environment. Eagerness to learn about Credit Risk, Risk Parameters, Regulatory and Accounting concepts
• 3-5 years of relevant experience would be preferred.

Additional Skills, Experience And Qualifications

• Knowledge of Wholesale Credit products and experience in development of loss forecasting models for regulatory exercises
• Knowledge of different types of financial products and asset classes, options pricing theory, financial regulations, machine learning, or high‑performance computing would be a plus
• Proven ability to develop collaborative relationships with key internal partners to achieve objectives and prioritizations

Beyond that, we are interested in the things that make you unique: personal qualities, outside interests and achievements beyond academia and professions that demonstrate the kind of person you are and the value you could bring to the team.

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.