JP Morgan Chase & Co.

Risk Management - Market Risk Model Development - Quantitative Analytics - Vice President

JP Morgan Chase & Co.$150K — $200K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in quantitative analysis or risk management, specifically in Fixed Income portfolios
  • Bachelor's degree in Engineering, Mathematics, Physics, Finance, Computer Science or a related field
  • Strong knowledge of Securitized products
  • Foundational expertise in probability, time series, and statistics related to financial modeling
  • Proficient in programming with Python using libraries like pandas and scipy
  • Excellent communication skills for conveying complex ideas to diverse audiences

Responsibilities

  • Apply statistical analysis to create models for Value-at-Risk and stress testing of Fixed Income portfolios
  • Devise tests to assess model performance and evaluate modeling assumptions
  • Translate regulatory guidelines into model specifications
  • Collaborate with Front Office model developers and technology partners for implementation
  • Clarify model dynamics to Risk managers and Trading personnel
  • Maintain comprehensive model documentation and cooperate with Model Risk Governance for validation
  • Identify and address model risk issues with compensating controls

Benefits

  • Opportunity to collaborate with a diverse and supportive team
  • Access to professional development and growth opportunities
  • Work on impactful risk management models that influence business decisions
  • Engagement in a dynamic and high-stakes financial environment
Full Job Description
Job Description

As a Vice President of Quantitative Analytics in the Market Risk Model Development team, you will design and implement models that are critical to the firm's risk management and regulatory compliance. You will work with a diverse group of colleagues who value your insights and support your growth. Together, we ensure our models meet the highest standards and make a real impact on the business.

Job Responsibilities
  • Apply advanced statistical analysis to historical market data to specify and implement mathematical models for Value-at-Risk, regulatory capital, and stress testing of Fixed Income portfolios, with a focus on Securitized products and Credit Trading
  • Devise statistical tests to evaluate model performance and quantify the impact of alternative modeling assumptions
  • Interpret regulatory pronouncements and translate them into actionable model specifications
  • Coordinate model implementation with Front Office model developers and Technology partners
  • Explain model behavior to Risk managers, Trading desk personnel, and Regulators
  • Establish comprehensive model documentation and liaise with Model Risk Governance and Review for model validation
  • Assess model risk issues associated with valuation and risk models, and devise compensating controls when necessary


Required Qualifications, Capabilities, and Skills
  • 5+ years of experience as a quantitative analyst or quantitative risk manager, with experience developing or validating models used for valuation or risk management of Fixed Income portfolios
  • Bachelor of Science degree in Engineering, Mathematics, Physics, Finance, Computer Science or a related field
  • Wide knowledge of Fixed income products, particularly Securitized products
  • Strong foundation in probability theory, time series analysis, and statistics as applied to financial modeling
  • Proficiency in computer programming, with experience handling large datasets and using Python tools such as pandas, scipy, sklearn, and Jupyter
  • Excellent verbal and written communication skills, with the ability to present complex concepts to both technical and non-technical audiences


Preferred Qualifications, Capabilities, and Skills
  • Advanced degree (PhD or Masters) in Engineering, Mathematics, Physics, Finance, Computer Science, or a related field
  • Demonstrated curiosity about finance and a research-oriented mindset
  • Experience consulting academic literature to solve practical modeling challenges
  • Enthusiasm for sharing knowledge and collaborating within a team environment


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
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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