Senior Quant Researcher: Credit Risk for Cleared Derivatives

JPMorgan Chase & Co.; Jersey City (NJ); On-site; USD 140,000 - 210,000; Full time

Job summary

JPMorgan Chase & Co. in Jersey City seeks a Quantitative Research Senior Associate to develop models and tools for central counterparty margin adequacy and counterparty credit risk in cleared derivatives. You will collaborate with risk governance, controls, and technology to deliver production-ready solutions.

You will communicate findings clearly to technical and non-technical stakeholders and contribute to the model lifecycle through documentation and governance processes.

Qualifications

• Doctorate or master’s degree (or equivalent) in financial engineering, operations research, statistics, mathematics, computer science, economics, or a related field
• 3 years of experience in quantitative research, quantitative strategy, or a closely related quantitative role
• Proficiency in Python for model development and data analysis
• Strong understanding of cleared derivatives and risk management methodologies, including value at risk and stress testing, across asset classes
• Excellent verbal and written communication skills, with the ability to articulate analysis clearly and logically
• Demonstrated attention to detail and the ability to deliver across multiple time-sensitive timelines
• Strong risk and control mindset and a track record of effective cross-team partnership

Responsibilities

• Develop expertise in quantitative topics related to central counterparties and cleared derivatives
• Create models and tools to assess the adequacy of margin requirements for cleared derivatives
• Develop and enhance models and toolsets that evaluate the effectiveness of counterparty risk frameworks
• Build statistical models and analytics to assess and manage counterparty credit risk
• Partner with risk governance and control teams to support model oversight and ongoing reviews
• Collaborate with technology partners to implement, test, and deploy production-ready models and tools
• Document assumptions, methodologies, and limitations clearly to support transparency and re-use
• Communicate findings and recommendations in a clear, logical way to technical and non-technical stakeholders

Skills

Python

Communication skills

Risk management

Statistical knowledge

Team collaboration

Modeling

Cross-team partnering

Education

Master’s or Doctorate in a related field

Tools

R

SQL

SAS

Job description

JPMorgan Chase & Co. in Jersey City seeks a Quantitative Research Senior Associate to develop models and tools for central counterparty margin adequacy and counterparty credit risk in cleared derivatives. You will collaborate with risk governance, controls, and technology to deliver production-ready solutions.

You will communicate findings clearly to technical and non-technical stakeholders and contribute to the model lifecycle through documentation and governance processes.