Quant Modeling Associate: Risk & Credit Model Validation

J.P. Morgan; New York (NY); On-site; USD 140,000 - 210,000; Full time

Job summary

JPMorgan Chase in New York City is seeking a Quant Modeling Associate in the MRGR team to work on counterparty credit risk models across multiple asset classes. You will engage with quantitative research, credit risk, and trading desks to ensure robust model governance and performance.

The role emphasizes independent work, strong communication, and the ability to question assumptions, with a focus on improving margins, risk measurement, and model validation within a leading financial institution.

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.
• Relevant quantitative 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 elevate 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.

Education

Master's degree in mathematics, science, engineering, statistics, quantitative finance, or similar

Job description

JPMorgan Chase in New York City is seeking a Quant Modeling Associate in the MRGR team to work on counterparty credit risk models across multiple asset classes. You will engage with quantitative research, credit risk, and trading desks to ensure robust model governance and performance.

The role emphasizes independent work, strong communication, and the ability to question assumptions, with a focus on improving margins, risk measurement, and model validation within a leading financial institution.