Quantitative Modeling - JPMorgan Chase
New York, NY
About the Job
DESCRIPTION:
Duties: Engage in model validation on quantitative models - Evaluate conceptual soundness of model specifications, reasonableness of assumptions and reliability of inputs, perform implementation testing on Wholesale and Commercial Bank models including Basel models, Machine Learning Models and CCAR Stress Testing Models. Make key contributions to rigorous risk management practice, including designing related model diagnostics and performing independent testing, identifying and communicating model risks, issues and limitations to stakeholders. Responsible for following up the latest standards/policies of review reports and independently drafting the entire review report from scratch. Responsible for proposing enhancements to existing models, assessing extensions to the scope of existing models and developing benchmarking models. Maintain the model risk control apparatus of the bank for the coverage area as lead, including reaching out to the model stakeholders for discussion in case of any outstanding observations noted in junior analysts' summary report and proactively work with the model stakeholders to address the open model issues. Liaise with Risk and Finance professionals to provide oversight of and guidance on appropriate usage, controls around model restrictions and limitations, and findings for ongoing performance assessment and testing. Keep up with the latest developments in the coverage area in terms of products, markets, models, risk management practices. Lead the junior analyst in providing feedback on the review report and quality of validation work.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Statistics, Mathematics, Economics, or related quantitative field of study plus 3 (Three) years of experience in the job offered or as Quant Modeling, Model Risk Governance, Quantitative Analyst, Research Analyst, or related occupation.
Skills Required: Requires experience in the following: Regulatory Capital modeling in wholesale and securitization space using Basel Advance internal rating based approach including probability of default, loss given default, and exposure at default; Stress Testing Models including Comprehensive Capital Analysis and Review, and Internal Capital Adequacy Assessment; Allowance for Loan and Lease Losses models including Current Expected Credit Losses and International Financial Reporting Standard 9; Quantitative Model Development and Model Validation; Interfacing with functional areas including Line of Business in Commercial Banking on model-related issues; Programming languages including R and Python; Statistical modeling methods including Linear Regression, Logistic Regression, Generalized Linear Regression, Decision Tree, Random Forests, Boosting, Survival Analysis, Principal Component Analysis, Smoothing Splines and Kernel Density Estimation; Machine learning methods, including Neural Networks and Recurrent Neural Networks. Experience can be gained through graduate-level coursework.
Job Location: 237 Park Ave, New York, NY 10017. Telecommuting permitted up to 40% of the week.
Full-Time. Salary: $164,800 - $210,000 per year.
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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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
Base Pay/Salary
New York,NY $164,800.00 - $210,000.00 / year
Duties: Engage in model validation on quantitative models - Evaluate conceptual soundness of model specifications, reasonableness of assumptions and reliability of inputs, perform implementation testing on Wholesale and Commercial Bank models including Basel models, Machine Learning Models and CCAR Stress Testing Models. Make key contributions to rigorous risk management practice, including designing related model diagnostics and performing independent testing, identifying and communicating model risks, issues and limitations to stakeholders. Responsible for following up the latest standards/policies of review reports and independently drafting the entire review report from scratch. Responsible for proposing enhancements to existing models, assessing extensions to the scope of existing models and developing benchmarking models. Maintain the model risk control apparatus of the bank for the coverage area as lead, including reaching out to the model stakeholders for discussion in case of any outstanding observations noted in junior analysts' summary report and proactively work with the model stakeholders to address the open model issues. Liaise with Risk and Finance professionals to provide oversight of and guidance on appropriate usage, controls around model restrictions and limitations, and findings for ongoing performance assessment and testing. Keep up with the latest developments in the coverage area in terms of products, markets, models, risk management practices. Lead the junior analyst in providing feedback on the review report and quality of validation work.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Statistics, Mathematics, Economics, or related quantitative field of study plus 3 (Three) years of experience in the job offered or as Quant Modeling, Model Risk Governance, Quantitative Analyst, Research Analyst, or related occupation.
Skills Required: Requires experience in the following: Regulatory Capital modeling in wholesale and securitization space using Basel Advance internal rating based approach including probability of default, loss given default, and exposure at default; Stress Testing Models including Comprehensive Capital Analysis and Review, and Internal Capital Adequacy Assessment; Allowance for Loan and Lease Losses models including Current Expected Credit Losses and International Financial Reporting Standard 9; Quantitative Model Development and Model Validation; Interfacing with functional areas including Line of Business in Commercial Banking on model-related issues; Programming languages including R and Python; Statistical modeling methods including Linear Regression, Logistic Regression, Generalized Linear Regression, Decision Tree, Random Forests, Boosting, Survival Analysis, Principal Component Analysis, Smoothing Splines and Kernel Density Estimation; Machine learning methods, including Neural Networks and Recurrent Neural Networks. Experience can be gained through graduate-level coursework.
Job Location: 237 Park Ave, New York, NY 10017. Telecommuting permitted up to 40% of the week.
Full-Time. Salary: $164,800 - $210,000 per year.
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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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
Base Pay/Salary
New York,NY $164,800.00 - $210,000.00 / year
Source : JPMorgan Chase