Quant Analytics - JPMorgan Chase
Plano, TX
About the Job
DESCRIPTION:
Duties: Perform ad-hoc analytical support to the Mortgage finance/business heads in the form of profitability analytics, trend analysis, and capital optimization. Run the quarterly mortgage stress-testing model, create associated reporting & analytics, and present results to senior management. Run quarterly CECL reserve setting model, and analyze and present key drivers of quarter-over-quarter variances. Perform ad-hoc analysis and derive credit costs results for credit risk leadership team to understand and explain modeled results from mortgage credit analytics. Actively interact with the stress testing model team to understand, develop and enhance forecast frameworks for the mortgage business. Provide analytical insight while considering the business problem of mortgage revenue, credit and prepayment risks. Ensure that reserve and stress test executions comply with regulatory requirements and the firm wide Model Risk Policy. Design, develop and maintain analytic applications needed for change estimation, forecasting, and model performance monitoring.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Applied Statistics and Data Analytics, Applied Economics, Finance, Statistics or related quantitative field of study plus 3 years of experience in the job offered or as Quant Analytics, Model Development Associate, Actuarial Data Analyst, or related occupation.
Skills Required: Requires experience in the following: Programming using SAS and SQL; Manipulating large datasets in database systems such as SQL or Hadoop; Credit or lending life cycle experience including loan origination, credit risk modeling and loss forecasting; Summarizing large datasets in Excel using nested if statements, pivot tables and lookup functions; Model implementation or execution, including UAT testing and model maintenance; and Statistical data analysis using MATLAB, R, Python or SAS.
Job Location: 8181 Communications Pkwy, Plano, TX 75024. Telecommuting permitted up to 40% of the week.
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 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 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 is an Equal Opportunity Employer, including Disability/Veterans
Duties: Perform ad-hoc analytical support to the Mortgage finance/business heads in the form of profitability analytics, trend analysis, and capital optimization. Run the quarterly mortgage stress-testing model, create associated reporting & analytics, and present results to senior management. Run quarterly CECL reserve setting model, and analyze and present key drivers of quarter-over-quarter variances. Perform ad-hoc analysis and derive credit costs results for credit risk leadership team to understand and explain modeled results from mortgage credit analytics. Actively interact with the stress testing model team to understand, develop and enhance forecast frameworks for the mortgage business. Provide analytical insight while considering the business problem of mortgage revenue, credit and prepayment risks. Ensure that reserve and stress test executions comply with regulatory requirements and the firm wide Model Risk Policy. Design, develop and maintain analytic applications needed for change estimation, forecasting, and model performance monitoring.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Applied Statistics and Data Analytics, Applied Economics, Finance, Statistics or related quantitative field of study plus 3 years of experience in the job offered or as Quant Analytics, Model Development Associate, Actuarial Data Analyst, or related occupation.
Skills Required: Requires experience in the following: Programming using SAS and SQL; Manipulating large datasets in database systems such as SQL or Hadoop; Credit or lending life cycle experience including loan origination, credit risk modeling and loss forecasting; Summarizing large datasets in Excel using nested if statements, pivot tables and lookup functions; Model implementation or execution, including UAT testing and model maintenance; and Statistical data analysis using MATLAB, R, Python or SAS.
Job Location: 8181 Communications Pkwy, Plano, TX 75024. Telecommuting permitted up to 40% of the week.
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 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 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 is an Equal Opportunity Employer, including Disability/Veterans
Source : JPMorgan Chase