Wholesale Credit Risk Quantitative Researcher

JPMorganChase; Jersey City (NJ); On-site; USD 120,000 - 190,000; Full time

Job summary

JPMorganChase is seeking a Quantitative Researcher to advance wholesale credit risk modeling and governance. You will translate business needs into scalable model solutions, partner with credit risk, finance, and technology teams, and strengthen model methodology and documentation for key regulatory use cases.

You will present model approaches and results to senior stakeholders and model governance forums, ensuring alignment with risk controls and best practices in a fast‑paced environment.

Qualifications

• Master's degree or higher in a quantitative discipline such as mathematics, physics, statistics, economics, finance or CS.
• 3+ years of experience developing statistical/economic models in finance or risk context.
• 3+ years applying regression and multivariate techniques to real data.
• 2+ years of Python for data analysis and modeling (pandas/NumPy).
• 2+ years of ML techniques in modeling or analytics workflows.
• Experience with large datasets and repeatable data pipelines.
• Ability to explain quantitative concepts to non-technical stakeholders.

Responsibilities

• Develop wholesale credit risk models for portfolios like CRE and structured products.
• Build credit loss models for CECL estimation and stress testing models for CCAR.
• Create scorecards and modeling approaches to measure credit risk for CRE clients.
• Assess model performance, limitations, and suitability for risk governance.
• Design efficient numerical methods for model estimation, calibration, and validation.
• Implement high-performance computing to improve runtime and scalability.
• Integrate model outputs into downstream systems and analytics frameworks.
• Collaborate with credit, portfolio, finance, and tech teams to deliver solutions.
• Present methodologies and results to governance committees and regulators.

Skills

Python

Statistical modeling

Data analysis

Communication

Collaboration

Big data

Education

Master's degree in quantitative discipline

PhD in quantitative discipline

Tools

Pandas

NumPy

Linux

Git

MLflow

Job description

JPMorganChase is seeking a Quantitative Researcher to advance wholesale credit risk modeling and governance. You will translate business needs into scalable model solutions, partner with credit risk, finance, and technology teams, and strengthen model methodology and documentation for key regulatory use cases.

You will present model approaches and results to senior stakeholders and model governance forums, ensuring alignment with risk controls and best practices in a fast‑paced environment.