Job Description
Quant Analytics Associate, Model Risk Governance & Review (MRGR)
Job Description
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. 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.
MRGR is a global team of modeling experts within the firm’s Risk Management and Compliance organization. The team is responsible for conducting independent model validation and model governance activities to help identify, measure, and mitigate Model Risk in the firm. The objective is to ensure that models are fit for purpose, used appropriately within the business context for which have been approved, and that model users are aware of the model limitations and how they could impact business decisions.
The critical role of managing model risk depends on a solid infrastructure and a project management and control mindset. As a member of the Chief Operating Office, you will join a dynamic team that performs the critical task of maintaining the model risk governance infrastructure for the firm. The COO operates in three tracks – (i) a Technology track that focuses on developing tools and dashboards, (ii) Quant Analytics track that focuses on building analytics for monitoring the performance of models used across the firm, and (Iii) a Business Analysis track that focuses on analytics, metrics reporting, process improvement, and executing strategic projects.
This role will perform the following activities in the Quant Analytics track:
Develop analytics to perform ongoing performance evaluation of models used across the firm
Automate model performance data collection across various platforms used in different lines of business. Manage huge amounts of data in different formats
Work with multiple stakeholders to setup model performance testing criteria
Build various reports to help Model Risk Management to overview model performance across the different dimensions and levels of granularity
Conduct systems training for model developers and model risk managers
Minimum Skills, Experience and Qualifications:
We are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role.
Bachelors degree in a hard science / engineering with significant exposure to computer programming or data science
2 – 3 years of professional experience
Familiarity with basic aspects of object-oriented and functional programming. Proficiency in at least one modern programming language (Python preferred)
Understanding of basic statistics and data analysis techniques
Strong communication skills with the ability to interface with other functional areas
Additional Skills, Experience and Qualifications
The following additional items will be considered but are not required for this role:
Familiarity with econometrics, timeseries, quantitative finance, derivatives pricing, and portfolio management
Some understanding of databases and experience in processing of large amounts of data
Previous experience leading a team is a plus
ABOUT US
JPMorgan Chase & Co., 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, ****** orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
ABOUT THE TEAM
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.
Job Description
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. 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.
MRGR is a global team of modeling experts within the firm’s Risk Management and Compliance organization. The team is responsible for conducting independent model validation and model governance activities to help identify, measure, and mitigate Model Risk in the firm. The objective is to ensure that models are fit for purpose, used appropriately within the business context for which have been approved, and that model users are aware of the model limitations and how they could impact business decisions.
The critical role of managing model risk depends on a solid infrastructure and a project management and control mindset. As a member of the Chief Operating Office, you will join a dynamic team that performs the critical task of maintaining the model risk governance infrastructure for the firm. The COO operates in three tracks – (i) a Technology track that focuses on developing tools and dashboards, (ii) Quant Analytics track that focuses on building analytics for monitoring the performance of models used across the firm, and (Iii) a Business Analysis track that focuses on analytics, metrics reporting, process improvement, and executing strategic projects.
This role will perform the following activities in the Quant Analytics track:
Develop analytics to perform ongoing performance evaluation of models used across the firm
Automate model performance data collection across various platforms used in different lines of business. Manage huge amounts of data in different formats
Work with multiple stakeholders to setup model performance testing criteria
Build various reports to help Model Risk Management to overview model performance across the different dimensions and levels of granularity
Conduct systems training for model developers and model risk managers
Minimum Skills, Experience and Qualifications:
We are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role.
Bachelors degree in a hard science / engineering with significant exposure to computer programming or data science
2 – 3 years of professional experience
Familiarity with basic aspects of object-oriented and functional programming. Proficiency in at least one modern programming language (Python preferred)
Understanding of basic statistics and data analysis techniques
Strong communication skills with the ability to interface with other functional areas
Additional Skills, Experience and Qualifications
The following additional items will be considered but are not required for this role:
Familiarity with econometrics, timeseries, quantitative finance, derivatives pricing, and portfolio management
Some understanding of databases and experience in processing of large amounts of data
Previous experience leading a team is a plus
ABOUT US
JPMorgan Chase & Co., 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, ****** orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
ABOUT THE TEAM
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.
💡 Quick Summary
Seeking a career-building opportunity? The Software Developer | Associate position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.