Remote Opportunity

Model Risk Associate

Join JPMorgan Chase & Co. as a mid professional working remotely from Worldwide. Explore the role, benefits, and apply in one place.

Full Time
$120,000 - $180,000*
2 months ago
Worldwide
Model Risk Management & Validation
Mid
Python
SQL
C/C++
+5 more

Job Description

Are you ready to make a significant impact in the world of model risk management? At the Model Risk Governance and Review Group (MRGR), we are at the forefront of assessing and mitigating model risk across the globe. With a presence in major financial hubs such as New York, London, Mumbai, Hong Kong, and Paris, our team collaborates with top professionals in Risk, Finance, and Model Development. This is your chance to work in a dynamic environment, gain exposure to various business areas, and contribute to critical decision-making processes.

As a Model Risk Analyst/Associate in the Model Risk Governance and Review team, you will play a crucial role in reviewing derivative models and enhancing model risk governance. You will collaborate with model developers, trading desks, and risk professionals to ensure the soundness and suitability of complex pricing models. Together, we will drive innovation and maintain robust model risk controls.

Job responsibilities

  • Assess the conceptual soundness of complex pricing and electronic market making models.
  • Develop and implement alternative model benchmarks and performance tests.
  • Liaise with model developers, trading desks, and risk professionals to provide guidance on model risk and usage.
  • Maintain model risk control apparatus and serve as the first point of contact for the coverage area.

Required qualifications, capabilities, and skills

  • Education: Bachelor’s, Master’s or PhD in a quantitative field (e.g., Mathematics, Statistics, Computer Science, Engineering, Physics).
  • Bachelor’s degree with 3–5 years, Master’s degree with 2–4 years, or PhD with 0–2 years of experience in quantitative models for derivatives and/or electronic market making.
  • Excellence in probability theory, stochastic processes, statistics, and numerical analysis.
  • Strong understanding of option pricing theory and quantitative models for derivatives. 
  • Experience with Monte Carlo simulation and numerical methods, familiarity with calibration techniques and performance benchmarking.
  • Strong analytical problem-solving skills and clear written/verbal communication, ability to articulate technical issues to diverse stakeholders.
  • Proficiency in Python, SQL and C/C++ programming.
  • Curious, ownership-driven, and teamwork-oriented mindset.

Preferred qualifications, capabilities and skills

  • Prior model validation or front‑office quant experience in pricing, risk, or electronic market making models.

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 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.


Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

Requirements

  • Bachelor’s, Master’s or PhD in a quantitative field (e.g., Mathematics, Statistics, Computer Science, Engineering, Physics)
  • 3–5 years of experience in quantitative models for derivatives and/or electronic market making
  • Excellence in probability theory, stochastic processes, statistics, and numerical analysis
  • Strong understanding of option pricing theory and quantitative models for derivatives
  • Experience with Monte Carlo simulation and numerical methods, familiarity with calibration techniques and performance benchmarking

Benefits

  • 401k Matching
  • Health Insurance
  • Paid Time Off
  • Performance Bonus
  • Remote Work
  • Training Budget

Skills

Python
SQL
C/C++
probability theory
stochastic processes
statistics
numerical analysis
Option pricing theory

About AI-Estimated Salary

The salary range shown was not provided by the employer. Our AI has estimated it based on the job title, required experience, location, and industry standards (confidence: 80%). This estimate should be used as a general guide only and may not reflect the actual compensation. Always confirm salary details directly with the employer during the application process.

Ready to Apply?

Join JPMorgan Chase & Co. today

Salary Range (AI-Estimated)*
$120,000 - $180,000
80% confidence
Posted 2 months ago

More Model Risk Management & Validation roles you might like

Discover similar opportunities from companies that are also hiring remotely.

Full Time
$52k - $61.6k
1 day ago
United States
Worldwide
Model Risk Management & Validation
Mid
Model Risk
Risk Management
Program Management
+3 more
Full Time
$104k - $171.5k
2 days ago
United States
Worldwide
Model Risk Management & Validation
Senior
Model Inventory
Quantitative Risk Management
Risk and Control Frameworks
+3 more

Explore more remote openings

Browse fresh listings from our global community of remote-friendly teams.

Full Time
$186.9k - $220.4k
16 hours ago
Worldwide
AI Security & Privacy
Staff
API
Cloud
Encryption
+5 more
Full Time
$102k - $130k
18 hours ago
Worldwide
AI Governance & Programs
Mid
Process Management
Stakeholder management
Governance Frameworks
+5 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Governance & Programs
Senior
AWS
Cloud Security
Security Engineering
+4 more
Full Time
$120,000 - $200,000*
1 day ago
Worldwide
AI Governance & Programs
Staff
Python
Pandas
API design
+5 more
Full Time
$170k - $200k
1 day ago
Worldwide
AI Security & Privacy
Senior
Cloud Security
Application Security
AWS
+5 more
Full Time
$70k - $80k
1 day ago
Worldwide
AI Security & Privacy
Entry
Python
AWS
Azure
+5 more
Full Time
$130k - $145k
1 day ago
Worldwide
AI Security & Privacy
Mid
AWS
Azure
GCP
+5 more
Full Time
$120,000 - $180,000*
1 day ago
United States
Worldwide
AI Security & Privacy
Mid
AI/ML
Security
Threat modeling
+5 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Governance & Programs
Senior
MLOps tools
SQL
Python
+4 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Governance & Programs
Senior
AI
Security
Engineering
Full Time
$100,000 - $150,000*
2 days ago
Worldwide
AI Governance & Programs
Mid
probability theory
stochastic processes
statistics
+5 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Security & Privacy
Senior
Python
Adversarial Machine Learning
Enterprise Security Architecture
+5 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Security & Privacy
Senior
Python
Adversarial Machine Learning
Enterprise Security Architecture
+5 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Security & Privacy
Senior
Python
Adversarial Machine Learning
Enterprise Security Architecture
+5 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Security & Privacy
Senior
Vector DBs
Fine-tuning Pipelines
Python
+4 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Security & Privacy
Senior
Python
Adversarial Machine Learning
AI Deployment Architectures
+4 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Security & Privacy
Senior
Python
Adversarial Machine Learning
AI Deployment Architectures
+4 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Security & Privacy
Senior
Python
Adversarial Machine Learning
AI Deployment Architectures
+4 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Security & Privacy
Senior
Python
Adversarial Machine Learning
AI Deployment Architectures
+4 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Security & Privacy
Senior
Python
Adversarial Machine Learning
AI Deployment Architectures
+4 more
Full Time
$100,000 - $150,000*
2 days ago
Netherlands
AI Governance & Programs
Senior
AI
Machine Learning
Risk Management
+2 more
Full Time
$100,000 - $150,000*
2 days ago
Netherlands
AI Governance & Programs
Senior
AI
Machine Learning
Risk Management
+2 more
Full Time
$80,000 - $140,000*
2 days ago
Worldwide
AI Governance & Programs
Mid
Data governance
Project Management
Data & AI Policy
+4 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Security & Privacy
Senior
AI Security
Machine Learning
Cloud Security
+3 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Governance & Programs
Senior
Quantum Physics
Quantum Optics
Photonics
+4 more
Full Time
$156.8k - $285.6k
2 days ago
United States
Canada
Worldwide
AI Security & Privacy
Senior
API Experience
Backend Engineering
Machine Learning
+3 more
Full Time
CAD 120k - CAD 153.8k
2 days ago
Canada
Worldwide
AI Risk & Controls
Executive
Model Risk Management
Data Management
Stress Testing
+4 more
Full Time
$0.03k - $0.035k
2 days ago
Worldwide
AI Governance & Programs
Senior
AI
Data Annotation
Linguistics
+4 more
Full Time
$0.03k - $0.035k
2 days ago
Worldwide
AI Governance & Programs
Senior
French
AI
Machine Learning
+2 more
Full Time
$0.03k - $0.035k
2 days ago
Worldwide
AI Governance & Programs
Senior
German
AI
Data Annotation
+4 more
Full Time
$0.03k - $0.035k
2 days ago
Worldwide
AI Governance & Programs
Senior
English
AI
Machine Learning
+3 more
Full Time
$0.03k - $0.035k
2 days ago
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Data Annotation
+2 more
Full Time
$0.03k - $0.035k
2 days ago
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Data Annotation
+2 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Governance & Programs
Senior
Python
LLMs
Evaluation Frameworks
+2 more
Full Time
$128k - $200k
5 days ago
Worldwide
AI Security & Privacy
Staff
Secrets Management
Security Architecture
Threat modeling
+5 more
Full Time
$150k - $185k
5 days ago
Worldwide
AI Security & Privacy
Senior
Azure
Threat modeling
Networking
+5 more
Full Time
$80,000 - $140,000*
5 days ago
United Kingdom
Worldwide
AI Governance & Programs
Lead
Python
SQL
SAS
+3 more
Full Time
$80,000 - $140,000*
5 days ago
United Kingdom
Worldwide
AI Governance & Programs
Lead
Python
SQL
SAS
+3 more