Wholesale Credit Quantitative Research - Senior Associate

Aumni; Plano (TX); On-site; USD 120,000 - 190,000; Full time

Job summary

JPMorgan Chase & Co. in Plano, TX is seeking an Associate in Wholesale Credit Risk Quantitative Research to support developing and maintaining credit risk models used in firmwide stress testing and loss forecasting (CCAR, CECL, IFRS 9).

You will work with large-scale datasets, collaborate with model risk governance, technology, data, and business stakeholders, and apply interpretable AI/ML methods with strong controls.

Qualifications

• Master’s or Ph.D. in a quantitative discipline (Statistics, Econometrics, Economics, Math, Engineering, Computer Science, Finance, Physics).
• 1+ years of relevant experience.
• Strong foundation in statistical/econometric modeling (GLMs, logistic regression, time-series forecasting).
• Experience with large panel/time-series datasets and data analysis.
• Hands-on Python programming.
• Excellent problem-solving and communication skills; ability to manage multiple workstreams.
• Experience producing technical documentation for governance/review.

Responsibilities

• Perform basic credit risk modeling at single-obligor and portfolio level.
• Support research, development, and enhancement of PD forecasting and rating migration models
• Analyze large financial/credit/macro datasets (panel and time-series), including data cleaning and feature construction
• Perform model testing, monitoring, diagnostics, and validation support analyses
• Partner with technology teams to maintain model libraries following the organization’s software development standards
• Prepare clear technical documentation and support internal governance and regulatory review requests
• Apply appropriate, interpretable AI/ML methods where suitable while maintaining strong controls and explainability

Skills

Python programming

Statistical/econometric modeling

Data analysis

Communication skills

Technical documentation

Education

Master’s or Ph.D. in a quantitative discipline

Job description

JPMorganChase is a leading global financial services firm. Within Risk Management and Compliance, we help keep the firm strong and resilient by anticipating emerging risks and delivering best-in-class analytics.

As an Associate in Wholesale Credit Risk Quantitative Research, you will support the development and maintenance of credit risk models used in firmwide stress testing and loss forecasting frameworks, including CCAR, CECL, and IFRS 9. You will work with large-scale financial and macroeconomic datasets and partner with model risk governance/review, technology, data, finance, and lines of business stakeholders to deliver well-controlled, production-ready solutions. The position requires the knowledge/experience in quantitative modeling, preferably in wholesale credit risk models such as probability of default (PD), loss given default(LGD) and exposure at default (EAD) models.

Job Responsibilities

• Perform basic credit risk modeling both at single-obligor level and portfolio level.
• Support research, development, and ongoing enhancement of PD forecasting and rating migration models
• Analyze large financial/credit/macro datasets (panel and time-series), including data cleaning and feature construction
• Perform model testing, monitoring, diagnostics, and validation support analyses
• Partner with technology teams to maintain model libraries following the organization’s software development standards
• Prepare clear technical documentation and support internal governance and regulatory review requests
• Apply appropriate, interpretable AI/ML methods where suitable while maintaining strong controls and explainability

Required qualifications, capabilities and skills

• Master’s or Ph.D. in a quantitative discipline (e.g., Statistics, Econometrics, Economics, Math, Engineering, Computer Science, Finance, Physics)
• 1 plus years of relevant experience.
• Strong foundation in statistical/econometric modeling (e.g., GLMs, logistic regression, time-series forecasting; clustering, decision trees)
• Experience working with large datasets (especially panel/time-series) and strong data analysis skills
• Hands on Python programming
• Strong problem-solving, communication, and ability to manage multiple workstreams
• Experience producing technical documentation (including for governance/review)

Preferred Qualifications

• Exposure to wholesale credit risk and/or credit risk modeling (PD/LGD/EAD modeling strongly preferred)
• Experience with CCAR, CECL, and/or IFRS 9 modeling environments
• Knowledge of numerical methods (optimization/root finding) and/or large-scale computation (e.g., Monte Carlo, multi-core/HPC)
• Experience using AI/ML methods in risk contexts with attention to interpretability and governance

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

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. Lead development and maintenance of credit risk models for stress testing and loss forecasting in quantitative research.