Risk Management - Wholesale Credit Risk Senior Associate

Testing Site - JPMC; Jersey City (NJ); On-site; USD 120,000 - 180,000; Full time

Job summary

JPMorgan Chase is seeking a Risk Management - Wholesale Credit Risk Senior Associate to join Risk Management and Compliance in Jersey City. You will contribute to modeling balance forecasting and/or spread, GII, and NII, applying rigorous statistical methods to real-world credit risk challenges.

Required qualifications include a PhD or MS in a quantitative field and hands-on Python programming (R is a plus). Prior wholesale credit experience and regulatory-document writing are preferred.

Qualifications

• PhD or MS in a quantitative field (finance, statistics, econometrics, mathematics, physics, engineering).
• Previous experience in writing documents for regulatory reviews.

Responsibilities

• Possess a solid theoretical and practical knowledge of statistical methods and models: generalized linear models, time-series analysis, clustering, decision trees, logistic regression.
• Handling large amount of panel data, and data cleaning/filtering.
• Perform basic credit risk modeling both at single-obligor level and portfolio level.

Skills

Generalized linear models

Time-series analysis

Clustering

Decision trees

Logistic regression

Data cleaning/filtering

Credit risk modeling

Education

PhD or MS in quantitative field

Tools

Python

R

Job description

Bring your Expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Risk Management - Wholesale Credit Risk Senior Associate in Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. The position requires the experience in modeling of either balance forecasting (commitment, utilization, prepayment)and/or spread/GII/NII.

Job Responsibilities

• Possess a solid theoretical and practical knowledge of statistical methods and models: generalized linear models, time-series analysis, clustering, decision trees, logistic regression.
• Handling large amount of panel data, and data cleaning/filtering.
• Perform basic credit risk modeling both at single-obligor level and portfolio level.

Required qualifications, skills and capabilities

• PhD or MS in quantitative field: finance, statistics, econometrics, mathematics, physics, engineering.
• Previous experience in writing documents for regulatory reviews.

Preferred qualifications, skills and capabilities

• Strong new graduate candidate will be considered. 1 plus years of relevant experience is preferred.
• Hands on programming in Python. R is good to have.
• Prior experience in wholesale credit ispreferred.
• Prior experience inPPNR modeling is strongly preferred.