Quant Modeling Associate – Credit Risk & Validation

JPMorgan Chase & Co.; New York (NY); On-site; USD 150,000 - 210,000; Full time

Benefits offered by this job

Comprehensive health care coverage

On-site health and wellness centers

Retirement savings plan

Tuition reimbursement

Job summary

JPMorgan Chase & Co. in New York City seeks a Quant Modeling Associate in the MRGR team. You will cover counterparty credit risk models across asset classes, collaborating with quantitative researchers, credit risk, and trading desks.

The role emphasizes methodological review, governance, and day-to-day model validation work within a leading global bank. This position offers a competitive total rewards package.

Qualifications

• Master’s degree in mathematics, science, engineering, statistics, or quantitative finance.
• Strong quantitative, analytical, and problem-solving abilities.
• Knowledge of probability theory, statistics, financial math, econometrics, numerical methods, and stochastic calculus.
• Ability to work independently and meet deadlines.
• Strong communication and teamwork mindset.
• Inquisitive, asks the right questions and identifies materiality.

Responsibilities

• Review methodologies for margining and measurement of credit risk.
• Evaluate model soundness, input reliability, and assumption reasonableness.
• Assess testing adequacy to support model assumptions and performance.
• Assist with model governance, issue management, and monitoring.
• Collaborate with model developers, risk officers, and trading desks to ensure transparency of controls and limitations.

Skills

Quantitative skills

Stochastic calculus

Numerical methods

Statistics

Communication

Independence

Education

Master’s degree in mathematics/related field

Job description

JPMorgan Chase & Co. in New York City seeks a Quant Modeling Associate in the MRGR team. You will cover counterparty credit risk models across asset classes, collaborating with quantitative researchers, credit risk, and trading desks.

The role emphasizes methodological review, governance, and day-to-day model validation work within a leading global bank. This position offers a competitive total rewards package.