Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view.
As a Quantitative Research Associate within the Wholesale Credit QR team, you will be part of a mission to design, analyze, and deliver risk-management quantitative models to support the firm's Wholesale Credit Stress (CCAR, ICAAP, Risk Appetite) and loan loss reserves models. In this role, you will focus on analysis, design, development, and maintenance of quantitative statistical models, forecasting losses and reserve calculations for JP Morgan's Wholesale Loan Portfolio. You will be responsible for understanding business requirements, analyze, transform & process data sources, use statistical techniques & tools for building forecasting models & implementing/maintaining the model (or suite). You will be responsible for using internal strategic data, modelling, and implementation platforms for your day-to-day work. This role will provide you with the opportunity to work with other experienced Wholesale Credit model developers and business partners, enhancing your quantitative as well as business skills.
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Job Responsibilities
- Work as a quantitative researcher to analyze, design and deploy statistical loss forecasting models for regulatory purposes
- Understand business requirements, develop solutions/analysis, & validate/deploy. Perform data analysis to support model development and analytics
- Implement model methodologies on in-house strategic loss forecasting framework.
- Perform on-going performance monitoring of deployed models and re-reviews of existing models
- Collaborate through the entire Model Review & Governance process including documentation, knowledge sessions, experiments & feedback loops
Required qualifications, capabilities, and skills
- Bachelor's or Master's in Computer Science, Mathematics, or related fields. Minimum 3 years in quantitative research, model validation or development in financial firms/products
- Knowledge of statistical & Machine Learning tools & techniques for building, enhancing & maintaining loss forecasting models for regulatory exercises like CCAR, ICAAP, BASEL etc.
- Experience implementing analytics frameworks in finance. Experience with source control, automated build/test systems, code coverage, unit testing and release processes
- Ability to solve problems creatively while working in a dynamic environment. Eagerness to learn about Credit Risk, Risk Parameters, Regulatory and Accounting concepts
- Detail oriented and strong organizational skills. Excellent communication abilities, both written and oral
Preferred qualifications, capabilities, and skills
- Knowledge of Wholesale Credit, CCAR, Allowance (IFRS 9/CECL), Basel II/III regulatory capital requirements
- Proven ability to develop collaborative relationships with key internal partners to achieve objectives and prioritizations
ABOUT US
JPMorgan Chase & Co., 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 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.
ABOUT THE TEAM
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. We also take great pride in on our commitment to operating with integrity and discipline in all that we do. If you are a team player, are solutions-oriented and have an appetite for learning, you'll be a great fit for our team.