Remote Opportunity

Quant Model Risk Analyst/Associate - Equities

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

Full Time
$100,000 - $150,000*
2 days ago
Worldwide
AI Governance & Programs
Mid
probability theory
stochastic processes
statistics
+5 more

Job Description

Are you ready to make a significant impact in the world of model risk management? At Model Risk Governance and Review Group (MRGR), we are at the forefront of assessing and mitigating model risks across the globe. With a presence in major financial hubs like New York, London, Mumbai, 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 equity derivatives 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 * Analyze the conceptual soundness of complex pricing models and reserve methodologies. * Develop and implement alternative model benchmarks and performance metrics. * 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 * 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 and numerical methods. * Strong analytical and problem-solving abilities. * MSc or equivalent in a relevant field. * Proficiency in C/C++ programming and Python. * Inquisitive nature with excellent communication skills. * Teamwork-oriented mindset. Preferred qualifications, capabilities, and skills * Experience with equity derivatives J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives. 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.

Requirements

  • Analyze the conceptual soundness of complex pricing models and reserve methodologies
  • Develop and implement alternative model benchmarks and performance metrics
  • 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
  • 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 and numerical methods
  • Strong analytical and problem-solving abilities

Benefits

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

Skills

probability theory
stochastic processes
statistics
numerical analysis
Option pricing theory
Python
Quantitative Models for Derivatives
C/C++ programming

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)*
$100,000 - $150,000
80% confidence
Posted 2 days ago

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