Model Risk AnalystAssociate
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Job Location:
Monthly Salary:
Posted on:
14 hours ago
Vacancies:
1 Vacancy
Job Summary
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: Bachelors Masters or PhD in a quantitative field (e.g. Mathematics Statistics Computer Science Engineering Physics).
- Bachelors degree with 35 years Masters degree with 24 years or PhD with 02 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 frontoffice quant experience in pricing risk or electronic market making models.
Required Experience:
IC
Key Skills
- ISO 27001
- Microsoft Access
- Risk Management
- Financial Services
- PCI
- Risk Analysis
- Analysis Skills
- COBIT
- NIST Standards
- SOX
- Information Security
- Data Analysis Skills
About Company
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 ov ... View more
