What are the responsibilities and job description for the Quantitative Modeling Lead [Multiple Positions Available] position at JPMorganChase?
Job Description
Duties: Act as a "Subject area expert" for Central Counterparty (CCP) quantitative related issues. Create models and tools to assess adequacy of CCP margin requirements of cleared derivatives. Develop models and tools to support the evaluation of the efficacy of risk frameworks. Develop statistical models and tools for the assessment and management of counterparty credit risk. Design and implement software framework for counterparty credit risk in Python/R, delivering results through dashboards. Partner with control teams for ongoing model and risk governance. Engage tech partners to deploy the models to traders' desktops.
Qualifications
Minimum education and experience required: Bachelor's degree in Electronic Engineering, Business, Finance, or related field of study plus 6 years (72 months) of experience in the job offered or as Quantitative Modeling Lead, Quant Analytics Manager, Model Risk Program, Qualitative Model Review, Tech Sales Specialist, Counterparty Risk Lead, or related occupation.
Skills Required: This position requires four (4) years of experience with the following: working with a large Bank or Hedge Fund; developing advanced quantitative models using Python or R programming languages. This position requires any amount of experience with the following: Building or reviewing quantitative models of Counterparty Credit Risk, including CCAR and margin models; statistical, econometric and simulation based modelling techniques, including regression models, copula models, and PCA based models; building or reviewing Market Risk, Liquidity Risk and Credit Risk models, specifically applying Stress (Scenario) Analysis and Value-at-Risk techniques; data manipulation tools and techniques, including SQL; Excel based model development; Analytics products, solutions, and platforms.
Job Location: 545 Washington Blvd, Jersey City, NJ 07310.
Full-Time. Salary: $189,200 -$215,000 per year.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. In addition, please visit: https://careers.jpmorgan.com/us/en/about-us.
About Us
JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
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.
Duties: Act as a "Subject area expert" for Central Counterparty (CCP) quantitative related issues. Create models and tools to assess adequacy of CCP margin requirements of cleared derivatives. Develop models and tools to support the evaluation of the efficacy of risk frameworks. Develop statistical models and tools for the assessment and management of counterparty credit risk. Design and implement software framework for counterparty credit risk in Python/R, delivering results through dashboards. Partner with control teams for ongoing model and risk governance. Engage tech partners to deploy the models to traders' desktops.
Qualifications
Minimum education and experience required: Bachelor's degree in Electronic Engineering, Business, Finance, or related field of study plus 6 years (72 months) of experience in the job offered or as Quantitative Modeling Lead, Quant Analytics Manager, Model Risk Program, Qualitative Model Review, Tech Sales Specialist, Counterparty Risk Lead, or related occupation.
Skills Required: This position requires four (4) years of experience with the following: working with a large Bank or Hedge Fund; developing advanced quantitative models using Python or R programming languages. This position requires any amount of experience with the following: Building or reviewing quantitative models of Counterparty Credit Risk, including CCAR and margin models; statistical, econometric and simulation based modelling techniques, including regression models, copula models, and PCA based models; building or reviewing Market Risk, Liquidity Risk and Credit Risk models, specifically applying Stress (Scenario) Analysis and Value-at-Risk techniques; data manipulation tools and techniques, including SQL; Excel based model development; Analytics products, solutions, and platforms.
Job Location: 545 Washington Blvd, Jersey City, NJ 07310.
Full-Time. Salary: $189,200 -$215,000 per year.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. In addition, please visit: https://careers.jpmorgan.com/us/en/about-us.
About Us
JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
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.
Salary : $189,200 - $215,000