Quant Model Risk Associate: Governance & Review

JPMorgan Chase; New York (NY); On-site; USD 135,000 - 150,000; Full time

Benefits offered by this job

Comprehensive health care coverage

Retirement savings plan

Tuition reimbursement

Mental health support

Job summary

JPMorgan Chase is seeking a Quant Model Risk Associate in New York within the Model Risk Governance and Review team. You will assess and mitigate risks of complex models across wholesale and corporate risk domains, driving improvements in model governance and regulatory compliance while collaborating with model developers and risk teams.

You will contribute to stress testing, benchmark design, and performance monitoring, ensuring models remain fit for purpose and aligned with regulatory

Qualifications

• Advanced degree in a quantitative field.
• Strong grounding in statistics, econometrics, economics and finance.
• Experience applying quantitative concepts to financial modeling and risk assessment.
• Proficient in Python or similar for numerical algorithms and model prototyping.
• Experience in model development, review, validation or governance.

Responsibilities

• Review complex models used in Corporate and Investment Banking including PPNR, balance sheet and RWA forecasting models.
• Evaluate model behavior and stress testing applicability; identify limitations and improvements.
• Develop and implement benchmark models and robust performance metrics.
• Ensure ongoing model governance, compliance with internal/regulatory standards; advise on model usage and limitations.
• Act as main contact for business on new model implementations and changes; liaise with developers, Risk and Control Groups.

Skills

Advanced analytical skills

Problem solving

Excellent communication

Quantitative modeling understanding

Python programming

Model risk management knowledge

Education

MSc/PhD in mathematics, statistics, financial engineering or related field

Tools

Python

Job description

JPMorgan Chase is seeking a Quant Model Risk Associate in New York within the Model Risk Governance and Review team. You will assess and mitigate risks of complex models across wholesale and corporate risk domains, driving improvements in model governance and regulatory compliance while collaborating with model developers and risk teams.

You will contribute to stress testing, benchmark design, and performance monitoring, ensuring models remain fit for purpose and aligned with regulatory