JP Morgan Chase - Associate/Analyst - Quant/Model Validation - Market Risk/VaR

- The associate will work as part of the firm-wide model governance team responsible for keeping business groups informed regarding key model dependencies and developing issues.

Description

- As an associate, you'll work as part of the firm-wide model governance team responsible for keeping all heads of risk and individual business groups informed regarding key model dependencies and developing issues. The group interacts regularly with several firm-wide groups including: Model Review, the relevant trading desk(s), VCG/Product Controllers, Market Risk, Model Development, and Audit.

Responsibilities:

- Control of model risk by ensuring that the model exposure, market conditions, model limitations, and scope of usage are not materially different from the approved model

- Work with other coverage partners such as Model Review Group, Market Risk, Finance, Tech, and Audit to ensure that model risk is understood, captured, monitored, and managed

- Work across organizational units to ensure consistent model application and consistency of assumptions

- Assist in the assessment of model performance and reviews and progress on action items. Provide inputs into model policy and line of business procedures

Requirements:

- Very strong quantitative skills

- At a minimum, undergraduate degree in Engineering, Physics, Mathematics or a quantitative science

- Some experience in risk at a financial services institution strongly preferred

- Excellent communications skills - verbal and written

- Team work oriented - active collaborator and self-starting individual

- Strong organizational and project management skills

- Risk and Control mindset

- Ability to ask right questions and escalate issues to relevant stakeholders

- Advanced user of Excel, Visio, and Imagine