Quant Modeling Associate: Counterparty Risk & Validation

JPMorgan Chase & Co.; United States; On-site; USD 120,000 - 180,000; Full time

Job summary

JPMorgan Chase & Co. invites applications for a Quant Modeling Associate in the MRGR team in New York City.

You will work on counterparty credit risk models across asset classes and interact with quantitative research, credit risk, and trading desks. You will review methodologies, assess model soundness, and support governance, testing, and performance monitoring while collaborating to enhance controls and transparency in model usage.

Qualifications

• Master’s degree in mathematics, science, engineering, statistics, quantitative finance, or similar.
• Strong quantitative, analytical, and problem‑solving skills; knowledge of probability theory, statistics, mathematical finance, econometrics, numerical methods, and stochastic calculus.
• Experience at a similar bank/asset management analytics setup.
• Ability to work independently and meet deadlines.
• Strong communication skills and a team‑player mind‑set.
• Inquisitive nature, ability to ask the right questions, assess materiality, and escalation issues.

Responsibilities

• Review methodologies for margining and measurement of credit risk.
• Evaluate the conceptual soundness and appropriateness of the model for its intended purpose, the reliability of the inputs, the reasonableness of the assumptions, and the model limitations.
• Assess the adequacy of the testing to support the model assumptions and performance as well as the correctness of the implementation.
• Assist with model governance processes, issue management, and ongoing performance monitoring.
• Work closely with model developers, credit risk officers, and trading desks to help them understand methodology and usage; establish transparency around model controls, model limitations and performance.

Skills

Quantitative background

Analytical skills

Problem solving

Communication skills

Team player

Inquisitive nature

Education

Master’s degree (mathematics/science/engineering/statistics/quantitative finance)

Job description

JPMorgan Chase & Co. invites applications for a Quant Modeling Associate in the MRGR team in New York City.

You will work on counterparty credit risk models across asset classes and interact with quantitative research, credit risk, and trading desks. You will review methodologies, assess model soundness, and support governance, testing, and performance monitoring while collaborating to enhance controls and transparency in model usage.