Wholesale Credit Quantitative Research - Senior Associate

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

Job summary

As a Quantitative Research Senior Associate in Wholesale Credit Risk Quantitative Research, you will develop models and tools that assess central counterparty margin adequacy and support counterparty credit risk management for cleared derivatives. You will collaborate with a team that values strong partnerships, thoughtful analysis, and clear communication. You will work closely with risk governance and control partners to support a well-managed model lifecycle. You will engage technology partners to help deliver scalable, production-ready solutions.

Job 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

Required qualifications, capabilities, and skills

• 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

Preferred qualifications, capabilities, and skills

• Proficiency in R in addition to Python
• Experience assessing central counterparty margin methodologies and margin adequacy
• Experience developing or enhancing counterparty credit risk models for derivatives
• Experience deploying analytical models into production environments in partnership with engineers
• Familiarity with model governance expectations, documentation, and ongoing monitoring practices
• Experience working with cleared products across multiple asset classes

ABOUT US

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

ABOUT THE TEAM

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.