Wholesale Quantitative Research Associate

Introductory marketing language

Bring your Expertise toJPMorganChase. As part of Risk Management and Compliance you are at the center of keepingJPMorganChasestrong and resilient. You help the firm grow its business in a responsible way byanticipatingnew andemergingrisks andusing your expert judgement to solve real-world challenges thatimpactour companycustomersand communities. Our culture in Risk Management and Compliance is all aboutthinking outside the box challenging thestatus quoand striving to be best-in-class.

Job summary

As a Quantitative Researcher in Wholesale Credit Risk Modeling you develop and enhance quantitative models that support responsible growth and strong risk controls. You will partner with credit risk finance and technology teams to translate business needs into scalable model solutions. You will help us strengthen modelmethodology documentation and governance for key regulatory and risk management use cases. You will present model approaches results and limitations to senior stakeholders and model governance forums.

Job responsibilities

• Develop wholesale credit risk measurement models for portfolios such as Commercial and Industrial loans and structured product vehicles
• Build credit lossmodels supportingthe banksCurrent Expected Credit Lossestimation
• Develop stress testing models supporting Comprehensive Capital Analysis and Review processes
• Create scorecard and modeling approaches to measure credit risk for commercial and corporate clients
• Assess model performance limitations and use appropriateness toidentifyandmonitormodel risk
• Design efficient numerical methods to support model estimation calibration and validation
• Implement high-performance computing solutions to improve model runtime and scalability
• Build reusable analytics software frameworks and integrate model outputs into downstream systems
• Analyze large real-world datasets to derive insights that improve model accuracy and stability
• Partner with credit officers portfolio managers finance and technology to deliver business-ready solutions
• Communicatemethodology results and limitations clearly to model governance committees and regulators

Required qualifications capabilities and skills

• Masters degree or higher in a quantitative discipline (for example: economics finance physics mathematics or computer science)
• 3 years of experience developing statistical and/or economic models in a financial services or risk context
• 3 years of experience applying regression and multivariate statistical techniques to real-world datasets
• 3 years of hands-on programming experience in Python for data analysis and modeling (including pandas and NumPy)
• 2 years of experience working with machine learning techniques in model development or analytics workflows
• Demonstrated experience working with large datasets and building repeatable data pipelines for modeling
• Knowledge of core banking risks and how risk is measured and managed in a wholesale credit context
• Ability to explain complex quantitative concepts to non-technical stakeholders in clear concise language
• Proven ability to collaborate across functions and translate business needs into quantitative solutions
• Strong attention to detail with a disciplined approach to testing documentation and controls
• Ability to adapt quickly learn new domains and deliver in a fast-paced environment

Preferred qualifications capabilities and skills

• Doctorate in a quantitative discipline (for example: economics finance mathematics or physics)
• Experience developing wholesale credit risk models for Basel Comprehensive Capital Analysis and Review or Current Expected Credit Losses exercises
• Experience designing numerical algorithms (for example: optimization or root-finding) for model calibration
• Experience with Linux or Unix environments for research and production workflows
• Familiarity with cloud platforms and model lifecycle tooling (for example: AWS AzureMLflow Kubeflow or SageMaker)
• Experience using modern artificial intelligence tools to accelerate model development testing or documentation workflows
• Knowledge of graph or network analytics for counterparty or contagion risk modeling