You enjoy building models and enjoy driving value for the business. You have a background in economics, stats, or financial markets. Join our dynamic team and make a meaningful impact by working with product managers to help understand the implications of changing macroeconomic and business conditions as well as to develop new models and analytical techniques.
As a Quant Model Developer on the Asset Wealth Management team, you will use advanced statistical, quantitative, and computing techniques to develop, implement, test, and conduct analysis on advanced financial forecasting models. These models support regulatory requirements as well as inform business decision making. The financial outcomes modeled range from investment assets under management and their associated fees to deposit balances to lending portfolio balances and their credit costs.
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Job responsibilities:
- Design and implement quantitative models for pricing, risk management, and financial forecasting.
- Develop algorithms and statistical models to analyze financial data.
- Analyze large datasets to identify trends, patterns, and insights and use statistical tools and techniques to interpret complex data.
- Conduct back-testing and stress testing of models to ensure accuracy and reliability.
- Validate models against historical data and refine them as necessary.
- Prepare detailed documentation of model methodologies, assumptions, and limitations.
- Ensure compliance with regulatory requirements and internal policies.
- Work closely with product and risk managers and other stakeholders to understand business needs.
- Collaborate with IT teams to integrate models into existing systems.
- Stay updated with the latest developments in quantitative finance and modeling techniques and explore new data sources and methodologies to enhance model performance.
- Identify and assess potential risks associated with model assumptions and outputs while developing strategies to mitigate identified risks.
Required qualifications, capabilities, and skills:
- Bachelor's or Master's degree in a quantitative field such as Mathematics, Statistics, Economics, Finance, or Engineering.
- 3+ years experience in developing and implementing quantitative models in a financial or business setting.
- Strong understanding of statistical and mathematical modeling techniques.
- Familiarity with financial instruments, markets, and risk management practices.
- Strong problem-solving skills and the ability to work with complex datasets.
- Ability to interpret and communicate quantitative results to non-technical stakeholders.
- High level of accuracy and attention to detail in model development and data analysis.
- Excellent written and verbal communication skills for effective collaboration and documentation.
- Be a team player who shows commitment and dedication while maintaining a positive attitude and high level of performance on high profile/time-sensitive initiatives
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 Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.