Quant Risk Modeling Lead - VP, Model Governance

JP Morgan Chase; Jersey City (NJ); On-site; USD 250,000 - 350,000; Full time

Job summary

JPMorganChase is seeking a Quant Model Risk Vice President within Model Risk Governance and Review. You will assess and mitigate risks in complex valuation, risk measurement, capital calculation, and decision-making processes.

You will also supervise and mentor junior team members and work with model developers and users to ensure governance standards. The role requires advanced quantitative degrees and extensive experience in front-office model development, validation, and governance within

Qualifications

• Advanced degree (MSc, PhD or equivalent) in mathematics, statistics, financial engineering or related field.
• Deep knowledge of probability, statistics, stochastic processes, and numerical analysis applied to financial modeling.
• Strong understanding of option pricing theory and quantitative models for pricing/hedging derivatives.

Responsibilities

• Perform thorough reviews of credit, interest rate, and equity pricing models and assess their soundness.
• Evaluate model behavior and ensure pricing models are fit for purpose and compliant with standards.
• Develop model benchmarks and robust performance metrics to compare models.

Skills

Python programming

C/C++ programming

Analytical thinking

Communication skills

Mentoring

Education

Advanced degree in quantitative field

Tools

Numerical algorithms

Stochastic calculus

Job description

JPMorganChase is seeking a Quant Model Risk Vice President within Model Risk Governance and Review. You will assess and mitigate risks in complex valuation, risk measurement, capital calculation, and decision-making processes.

You will also supervise and mentor junior team members and work with model developers and users to ensure governance standards. The role requires advanced quantitative degrees and extensive experience in front-office model development, validation, and governance within