Quant Model Risk Analyst

Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you play a crucial role in maintaining JPMorganChase's strength and resilience. 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. As a Quant Model Risk Analyst in the Model Risk Governance and Review team, you will be responsible for assessing and mitigating the risks associated with the models used by Treasury for resolution and recovery, Credit Risk, liquidity, stress testing and budgeting. You'll be at the forefront of innovation, driving continuous improvement in a dynamic and collaborative environment. This role also provides the opportunity to gain exposure to various business and functional areas, as well as to collaborate closely with model developers and users. Job Responsibilities * Perform model reviews: evaluate the conceptual soundness of a model, assess its behavior under various market conditions and its suitability in the context of usage. * Guide on model usage and act as the first point of contact for the business on all new models and changes to existing models. * Develop and implement alternative model benchmarks and compare the outcome of various models. Design model performance metrics. * Liaise with model developers, users, and compliance groups, and provide guidance on model risk. * Evaluate model performance on a regular basis. Required Qualifications, Capabilities and Skills * Education: Bachelor’s, Master’s or PhD in a quantitative field (e.g., Mathematics, Statistics, Computer Science, Engineering, Physics). * Experience: Bachelor’s degree with 1–2 years, Master’s degree/PhD with 0–1 years of experience in a quantitative modelling or model validation role. * Strong analytical problem-solving skills and clear written/verbal communication, ability to articulate technical issues to diverse stakeholders and write high quality technical reports. * Knowledge of financial products / markets and regulatory requirements. * Risk- and control-oriented mindset: ability to ask incisive questions, assess the materiality of model issues, and escalate issues appropriately. * Ability to work in a fast-paced, results-driven environment. * Curious, ownership-driven, and teamwork-oriented mindset. * Good Python coding skills. Preferred qualifications, capabilities, and skills The following additional items will be considered but are not required for this role: * Experience with Treasury and Credit Risk 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 [https://careers.jpmorgan.com/us/en/how-we-hire/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. Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.