Model Risk Governance and Review - Tradeable Indices Derivatives Quantitative Analyst - Associate Description: About the Group: - The Model Risk Governance and Review Group (MRGR) oversees model risk at the firm, conducts independent model reviews, and provides guidance around a model's appropriate usage. - The Model Review Group (MRG) is part of MRGR and is tasked with assessing and mitigating the risk posed by usage of all types of quantitative models in the firm. MRGR has a global presence across New York, London, Mumbai, and Paris. - The role currently available lies within MRGR Tradeable Indices, the location is Mumbai and will have a focus on the review of derivatives models and model risk governance for Tradeable Indices. Responsibilities: - Carry out model reviews: analyze conceptual soundness of complex pricing models, engines, and reserve methodologies; assess model behavior and suitability of pricing models/engines to particular products/structures. - Provide guidance on model usage and act as first point of contact for the business on all new models and changes to existing models. - Develop and implement alternative model benchmarks and compare the outcome of various models; Design model performance metrics. - Liaise with model developers, Risk and Valuation Control Groups and provide guidance on model risk. - Evaluate model performance on a regular basis. Essential Skills, Experience and Qualifications: - Excellence in probability theory, stochastic processes, statistics, partial differential equations, and numerical analysis. - Very strong analytical and problem solving abilities. - MSc, PhD or equivalent in a quantitative discipline. - Inquisitive nature, ability to ask right questions and escalate issues, excellent communication skills (written and verbal) - Good understanding of option pricing theory (i.e. quantitative models for pricing and hedging derivatives) - Good coding skills, for example in C/C++ or Python Desirable Skills, Experience And Qualifications: Trading desk support, model validation, or model design experience. 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, sexual 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. Note : For your candidature to be considered on this job, you need to apply necessarily on the company's redirected page of this job. Please make sure you apply on the redirected page as well.

Mumbai

JP Morgan Chase - Associate - Quantitative Analyst - Model Risk Governance & Review - Tradeable Indices Derivatives 

JP Morgan Chase - Associate - Quantitative Analyst - Model Risk Governance & Review - Tradeable Indices Derivatives  ,Job Description for JP Morgan Chase - Associate - Quantitative Analyst - Model Risk Governance & Review - Tradeable Indices Derivatives  in JP Morgan Chase in  Mumbai for (3-6) years of experience. Apply Now!

Job Description for JP Morgan Chase - Associate - Quantitative Analyst - Model Risk Governance & Review - Tradeable Indices Derivatives  in JP Morgan Chase in  Mumbai for (3-6) years of experience. Apply Now!