Quantitative Model Risk Associate – Governance & Review

J.P. Morgan; New York (NY); On-site; USD 80,000 - 120,000; Full time

Job summary

A leading global bank in New York is seeking a Quant Model Risk Associate to assess risks associated with financial models and develop benchmarks. The role requires an advanced degree and strong analytical skills, alongside programming expertise in languages like C/C++ and Python. Collaboration with model developers and a keen understanding of risk management are essential for success. Competitive compensation and a fast-paced environment await the right candidate.

Qualifications

• Expertise in probability theory and stochastic processes.
• Knowledge of option pricing theory and quantitative models.
• Experience in front office model development or review.

Responsibilities

• Review complex financial models for accuracy.
• Evaluate model behavior and recommend improvements.
• Guide model development and usage for compliance.

Skills

Advanced analytical skills

Strong problem-solving skills

Excellent communication skills

Proficient in programming languages

Experience with quantitative models

Education

Advanced degree in a quantitative discipline

Tools

C/C++

Python

Job description

A leading global bank in New York is seeking a Quant Model Risk Associate to assess risks associated with financial models and develop benchmarks. The role requires an advanced degree and strong analytical skills, alongside programming expertise in languages like C/C++ and Python. Collaboration with model developers and a keen understanding of risk management are essential for success. Competitive compensation and a fast-paced environment await the right candidate.