JP Morgan Global Markets: Quant profile for Model Risk and Model Development	  J.P. Morgan’s Global Markets Group (GMG) in Mumbai was set up in 2014 as an extension of the Firm’s Global Markets teams around the world. GMG is a fast growing team covering multiple asset classes across geographies. Deeply integrated with our Global Markets business, the team facilitates deals and transactions by providing vital research and insights for supporting Sales, Structuring and Trading functions across asset classes and geographies.   - This position is a Quant profile to support the activities of the Model Risk & Development (MRaD) Group in New York, sitting out of GMG in Mumbai. The MRaD plays a critical role in providing effective, timely and independent assessments of the Firm’s most important Models.   The prime responsibilities for this role will include:  - Model Review: Independent quantitative evaluation of the most complex and technical models, focusing on back-testing and benchmarking and would cover methodology, construction and testing of models.   - Model Governance: Establish and maintain a strong, vigorous model validation and review process to help the firm identify and manage model risk. Function would also involve review of models for usage, controls, operational soundness and validation   - Model Quality Assurance and Validation: Ensure quality and consistency and appropriate scope for model reviews across all model reviewers and LOBs. Conduct Gap Analysis of models. Validate Capital Risk models through full simulation and empirical back-testing and comparison of performance of risk models to appropriate benchmark models   - Reporting and Compliance: Familiarity with internal and regulatory guidelines on Model Risk assessment and Reporting; Implementation of remediations; SOX testing; Reviewing the process of Model Review  - The candidate will need to work very closely with MRaD team in New York, supporting them just as a direct extension of the team sitting out of Mumbai.  - Ideal candidates roles would be Graduates/Post-Graduates with good academic record from top Colleges like IITs (Engg./Stats./Math./Economics) with relevant experience in similar roles in Quant Research and Model Development   Essential Skills:  - Product knowledge: Good understanding of across a broad array of products used in Markets like Interest Rate/Currency Swaps, Options, Derivatives and Hybrids, as well as across asset classes like Loans, Mortgages, Consumer lending products, and Equity & Commodity transactions   - Highly analytical bent of mind and quantitative skills; high level of proficiency in Excel/VBA, S, C++ / Python programming; proficiency in using statistical analysis software like Matlab, SAS and R; Monte Carlo simulation and High performance computing  - Close attention to detail and ability to work to very high standards  - Good communication and team skills in a multi-location set up  - Experience with Stochastic calculus (SDE, PDE, FE, etc), Numerical algorithms (root finding, optimization, etc), statistical modeling (factor models, copula, Bayesian etc), Time series analysis (ARIMA, GARCH, state space models) will be advantageous  J.P. Morgan’s Global Markets Group (GMG) provides a challenging work environment and excellent opportunities to learn and grow both at the GMG and in the Firm’s Global network.

Mumbai

JP Morgan - Analyst/Associate - Quant - Model Risk/Development - IIT 

JP Morgan - Analyst/Associate - Quant - Model Risk/Development - IIT  ,Job Description for JP Morgan - Analyst/Associate - Quant - Model Risk/Development - IIT  in JP Morgan in  Mumbai for (1-7) years of experience. Apply Now!

Job Description for JP Morgan - Analyst/Associate - Quant - Model Risk/Development - IIT  in JP Morgan in  Mumbai for (1-7) years of experience. Apply Now!