VP, Model Risk & Quant Modeling Lead

J.P. Morgan; New York (NY); On-site; USD 120,000 - 160,000; Full time

Job summary

A global financial services firm seeks a Quant Model Risk Vice President to assess and mitigate risks associated with complex models. This role involves reviewing pricing models, ensuring compliance with standards, and mentoring junior team members in a collaborative environment. The ideal candidate holds an advanced degree and possesses strong analytical and programming skills, with extensive experience in model development and validation.

Qualifications

• Advanced degree (MSc, PhD, or equivalent) in a quantitative discipline such as mathematics, statistics, financial engineering.
• Deep understanding of option pricing theory and quantitative models.
• Familiarity with stochastic calculus and risk-neutral valuation.

Responsibilities

• Perform thorough reviews of complex pricing models.
• Analyze the conceptual soundness and appropriateness of models.
• Develop and implement alternative model benchmarks.

Skills

Analytical skills

Problem-solving

Communication skills

Programming (C/C++, Python)

Education

Advanced degree in a quantitative discipline

Tools

Statistical software

Job description

A global financial services firm seeks a Quant Model Risk Vice President to assess and mitigate risks associated with complex models. This role involves reviewing pricing models, ensuring compliance with standards, and mentoring junior team members in a collaborative environment. The ideal candidate holds an advanced degree and possesses strong analytical and programming skills, with extensive experience in model development and validation.