Senior Quantitative Researcher — Wholesale Credit Risk

Fairygodboss; Jersey City (NJ); On-site; USD 150,000 - 190,000; Full time

Job summary

JPMorganChase in Jersey City is seeking a Quantitative Research Senior Associate in Wholesale Credit Risk Quantitative Research to develop models and tools that assess central counterparty margin adequacy and support counterparty credit risk management for cleared derivatives. You will collaborate with risk governance, control partners, and technology to deliver scalable, production-ready solutions.

The role requires a PhD or master's in a quantitative field, at least 3 years in quantitative

Qualifications

• PhD or Master's degree in a quantitative field and at least 3 years in quantitative research
• Proficiency in Python for model development and data analysis
• Strong understanding of cleared derivatives and risk management methodologies (VaR, stress testing)
• Excellent communication and cross-team collaboration

Responsibilities

• Develop expertise in CCPs and cleared derivatives
• Create models to assess margin adequacy for cleared derivatives
• Develop and enhance counterparty risk models and toolsets
• Build statistical models and analytics for counterparty credit risk
• Partner with risk governance and control teams for oversight
• Collaborate with technology partners to deploy production-ready models
• Document assumptions and limitations for transparency
• Communicate findings clearly to technical and non-technical stakeholders

Skills

Python for model development

Risk management methodologies

Value at Risk

Stress testing

Communication

Cross-team collaboration

Quantitative modeling

Education

Master's degree or PhD in a quantitative field

Equivalent experience in quantitative roles

Tools

R

Job description

JPMorganChase in Jersey City is seeking a Quantitative Research Senior Associate in Wholesale Credit Risk Quantitative Research to develop models and tools that assess central counterparty margin adequacy and support counterparty credit risk management for cleared derivatives. You will collaborate with risk governance, control partners, and technology to deliver scalable, production-ready solutions.

The role requires a PhD or master's in a quantitative field, at least 3 years in quantitative