Risk Management - Quant Modeling Associate

Job Overview As part of Risk Management and Compliance, the Risk Management Quant Modeling Associate is 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 is all about thinking outside the box, challenging the status quo and striving to be best‑in‑class. Responsibilities Set standards for robust model development practices and enhance them as needed to meet evolving industry standards. Evaluate adherence to development standards, including soundness of model design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics. Identify weaknesses, limitations, and emerging risks through independent testing, building of benchmark models, and ongoing monitoring activities. Communicate risk assessments and findings to stakeholders, and document in high quality technical reports. Assist the firm in maintaining (i) appropriateness of ongoing model usage, and (ii) the level of aggregate model risk within risk appetite. Required Qualifications Master’s degree in a quantitative field such as Math, Physics, Engineering, Statistics, Economics or Finance. At least one year of experience in a quantitative or modeling role. Deep understanding of statistical/econometric models such as linear, logistic and time‑series models. Proficiency in Python, R, or equivalent. Strong verbal and written communication skills, with the ability to interface with other functional areas and produce high quality technical reports. Preferred Qualifications Prior experience in mortgage or CRE risk model development or validation. Prior experience in financial products/markets and regulatory stress testing (CCAR/ICAAP). Knowledge of financial markets. Experience with large data sets. About the MRGR Team MRGR is a global team of modeling experts within JPMorgan Chase’s Risk Management and Compliance organization. The team conducts independent model validation and governance activities to help identify, measure, and mitigate Model Risk in the firm. Your work will involve a wide variety of model types and cutting‑edge modeling techniques, frequently interacting with senior leaders to shape business strategy and protect the firm. Benefits We offer a competitive total rewards package including base salary, commission‑based pay and/or discretionary incentive compensation, and a range of benefits such as comprehensive health care coverage, on‑site wellness centers, retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching, and more. EEO Statement JPMorgan Chase & Co. is an equal‑opportunity employer. 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. #J-18808-Ljbffr