JP Morgan Chase & Co.

Resolution & Recovery Model Development - Senior Associate

JP Morgan Chase & Co. • $120K — $145K *
Brooklyn, NY 11226In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 4+ years of experience in model development, review, or analytics.
  • Advanced degree in Economics, Finance, Science, Accounting, or a related field.
  • Experience with the model lifecycle, including selection criteria and documentation.
  • Strong prioritization skills for managing multiple models and deliverables.
  • Initiative and self-organization for independent problem-solving.
  • Ability to clearly articulate technical concepts to stakeholders at different levels.
  • Comfortable with detailed analysis and coordinating inputs from various sources.

Responsibilities

  • Develop and enhance models within the CIB Recovery & Resolution suite.
  • Design methodologies for packaging and unwind strategies in collaboration with stakeholders.
  • Quantify impacts like liquidation costs and liquidity effects under stress scenarios.
  • Produce high-quality documentation with attention to detail and control standards.
  • Communicate methodologies and findings to Model Risk and senior management through presentations.
  • Challenge assumptions and improve the modeling framework through testing and problem-solving.
  • Serve as primary contact for Model Risk, ensuring model oversight and governance.

Benefits

  • Collaborative work environment with cross-functional teams.
  • Opportunities for professional growth and skills development.
  • Exposure to senior leadership and strategic decision-making.
  • Work within a leading global investment bank that adheres to regulatory expectations.
  • Chance to influence key recovery and resolution strategies across major asset classes.
Full Job Description
Job Description

Join JP Morgan Chase's Commercial & Investment Bank (CIB) Resolution & Recovery team and help shape how a leading global markets franchise prepares for and responds to recovery and resolution scenarios.

As a Senior Associate, on the Resolution & Recovery team within Treasury, you will responsible for building and enhancing models that inform wind-down and business packaging strategies across major asset classes (Rates, Equities, Fixed Income and FX). You'll partner closely with finance, model risk, front office and corporate stakeholders to quantify liquidation costs, estimate liquidity impacts and assess Risk-Weighted Assets (RWA) implications. You'll help deliver insights that inform senior leadership decisions while ensuring alignment with regulatory expectations at JP Morgan Chase, a leading investment Global Systemically Important Bank (G-SIB). The primary office is Brooklyn; expected to work from Manhattan periodically.

Job responsibilities
  • Develop and enhance models within the CIB Recovery & Resolution model suite
  • Design packaging and unwind methodologies in partnership with stakeholders across markets and risk
  • Quantify key impacts including liquidation costs, liquidity effects, and RWA outcomes under stress scenarios
  • Produce high-quality model documentation with strong attention to detail and control standards
  • Communicate clearly and confidently explain methodologies, limitations, findings, and solutions to Model Risk and senior management through regular updates and presentations
  • Challenge assumptions and improve the framework through sensitivity testing, benchmarking, and structured problem-solving
  • Serve as a primary point of contact for Model Risk, supporting effective model oversight and governance
  • Collaborate with technology and change partners to implement and sustain model enhancements in production


Required qualifications, capabilities, and skills
  • 4+ years of experience in model development, review or analytics
  • Advanced degree in Economics, Finance, Science, Accounting or a related field.
  • Hands-on experience with aspects of the model lifecycle, including model selection criteria, assumption justification, sensitivity testing, implementation support, documentation and control discipline
  • Strong prioritization skills and ability to manage work across multiple models and deliverables
  • Initiative-taking and self-organized with the ability to solve problems independently
  • Ability to distill information clearly, which ranges from discussing detailed modeling methodologies with Model Risk to summarizing approaches and key information with senior management
  • Comfortable with detailed independent analysis and coordinating inputs from others

Preferred qualifications, capabilities, and skills
  • Preferred experience in derivatives pricing, securities, secured funding, market/counterparty risk or valuations
  • Technical skills including Python, SQL and/or Snowflake


Additional Information

To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).

About the Team

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Finance & Insurance
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ
CCF
* Ladders Estimates

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