Quant Modeling Associate - Model Risk Governance Review - Senior Associate

JPMorgan Chase & Co. • New York, NY

2d • $135,000 - $150,000

About The Position

As a Quant Modeling Associate in JPMorgan Chase’s Model Risk Governance Review (MRGR) team in New York City, you will review counterparty credit risk models across multiple asset classes. The role provides exposure to the firm’s counterparty credit risk and collateral risk management processes, with regular interaction with quantitative research teams, credit risk functions, and trading desks. The work includes assessing model methodologies, conceptual soundness, inputs, assumptions, limitations, testing, and implementation, while supporting governance and ongoing model monitoring.

Requirements

• At least a master’s degree in mathematics, science, engineering, statistics, quantitative finance, or a similar field.
• Strong quantitative, analytical, and problem-solving skills, with knowledge of probability theory, statistics, mathematical finance, econometrics, numerical methods, and stochastic calculus.
• Relevant quantitative experience in a similar bank or asset management analytics environment.
• Ability to work independently and meet deadlines.
• Strong communication skills and a team-oriented mindset.
• Inquisitive nature, with the ability to ask appropriate questions, assess materiality, and escalate issues.

Nice To Haves

• Domain expertise in margining and credit risk measurement.
• Experience with counterparty credit risk in model validation and/or model development.
• Understanding of the finance industry, particularly modeling for valuation, risk, and capital.

Responsibilities

• Review methodologies for margining and measurement of credit risk.
• Evaluate models’ conceptual soundness and suitability for their intended purposes, including input reliability, assumption reasonableness, and model limitations.
• Assess whether testing adequately supports model assumptions and performance and whether implementation is correct.
• Assist with model governance processes, issue management, and ongoing performance monitoring.
• Work with model developers, credit risk officers, and trading desks to explain model methodology and usage and establish transparency around model controls, limitations, and performance.

Benefits

• Competitive total rewards package, including base salary and, for eligible roles, commission-based pay and/or discretionary incentive compensation.
• Comprehensive health care coverage.
• On-site health and wellness centers.
• Retirement savings plan.
• Backup childcare.
• Tuition reimbursement.
• Mental health support.
• Financial coaching.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level