Quant Modelling Associate

2 months ago

Goregaon East Mumbai Maharashtra, India JPMorganChase Full time

**JOB DESCRIPTION**
Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view.

As Quant Modelling Associate in Risk Management and Compliance team, you are 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 by using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. Model Risk Governance and Review (MRGR) is a global team of modeling experts within the firm’s Risk Management and Compliance organization. The team is responsible for conducting independent model review and model governance activities to help identify, measure, and mitigate Model Risk in the firm. The objective is to ensure that models are fit for purpose, used appropriately within the business context for which they have been approved, and that model users are aware of the model limitations and how they could impact business decisions. MRGR Trading covers valuation and risk-management models used within the Corporate & Investment Bank. The team focuses on Derivatives Instruments, which involve some of the most complex and advanced modeling techniques used in the industry.

As an **Associate** in MRGR Trading, you will be at the center of the firm’s model review and governance activities with exposure to a wide variety of model types and cutting-edge modeling techniques. You will have exposure to a variety of business areas and work closely with other Risk Teams, Model Developers, Trading, and Finance, who are all key stakeholders in the day-to-day management of model risk.

**Job responsibilities**:

- Evaluate conceptual soundness of model specifications, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability and comprehensiveness of performance metrics and risk measures
- Perform independent testing of models by replicating or building benchmark models
- Design and implement experiments to measure the potential impact of model limitations, parameter estimation errors, and deviations from model assumptions; compare model outputs with empirical evidence or outputs from model benchmarks
- Evaluate the risks posed by non-transparent model parameters and/or non-linear relationships, and suggest ways to mitigate such risks
- Document the model review findings and communicate them to stakeholders
- Serve as the first point of contact for model governance related inquiries for the coverage area, and help identify and escalate issues to ensure that their resolutions are sound and timely
- Provide guidance on the appropriate usage of models to model developers, users, and other stakeholders in the firm
- Stay abreast of the ongoing performance testing outcomes for models used in the coverage area, and communicate those outcomes to stakeholders
- Maintain the model inventory and model metadata for the coverage area
- Maintain the pace with the latest developments in coverage area in terms of products, markets, models, risk management practices, and industry standards

**Required qualifications, capabilities, and skills**:

- Master’s degree in a quantitative discipline such as Math, Physics, Engineering, Computer Science, Economics or Finance - with minimum 3 years of relevant working experience or a PhD.
- Excellence in probability theory, stochastic processes, statistical/economic modeling, partial differential equations, and numerical analysis.
- Understanding of options and derivative pricing theory and risks
- Proficient in Python, R, Matlab, C++, or other programming languages
- Risk and control mindset: ability to ask incisive questions, assess materiality of model issues, and escalate issues appropriately
- Strong communication skills with the ability to interface with front office traders, and other functional areas in the firm on model-related issues; and produce documents for internal and external (regulatory) consumption
- Strong analytical and problem-solving abilities

**Preferred qualifications, capabilities, and skills**:
Knowledge of machine learning is not required but a plus.

**ABOUT US**

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our

  • Quantitative Research- Modelling

    3 months ago

    Goregaon East, Mumbai, Maharashtra, India JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** Quants Group in Mumbai was set up in 2013 as an extension of the Firm’s global quants teams around the world. It is a fast growing team covering multiple asset classes across geographies. It provides in-depth knowledge that is behind our Investment Banking, Structuring, Sales & Trading and Research businesses around the globe. Deeply...

  • Model Risk Governance

    5 months ago

    Goregaon East, Mumbai, Maharashtra, India JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view. As a Model Risk Governance - Quant Analytics Associate within our Risk Management and Compliance team,...

  • Quant Modelling Associate

    6 days ago

    Mumbai, Maharashtra, India JPMorgan Chase Full time

    Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view. As a Quant Modelling Associate in our Risk Management and Compliance team, you'll play a pivotal role in maintaining...

  • Quant Modelling Associate

    2 days ago

    Mumbai, Maharashtra, India JPMorganChase Full time

    **JOB DESCRIPTION** Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view. As a Quant Modelling Associate in our Risk Management and Compliance team, you'll play a pivotal role...

  • Quantitative Research

    6 months ago

    Goregaon East, Mumbai, Maharashtra, India JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** Quants Group in Mumbai was set up in 2013 as an extension of the Firm’s global quants teams around the world. It is a fast growing team covering multiple asset classes across geographies. It provides in-depth knowledge that is behind our Investment Banking, Structuring, Sales & Trading and Research businesses around the globe. Deeply...

  • Quant Analytics Associate

    3 weeks ago

    Goregaon, Mumbai, Maharashtra, India JPMorganChase Full time

    **JOB DESCRIPTION** Become an integral part of our Quant Analytics team! Each day will be unique - bring a positive attitude, entrepreneurial spirit and get ready to roll up your sleeves. This position is an essential part of the team and will have exposure to several aspects of running a banking office. **Job Summary**: As a Quant Analytics at JPMorgan...

  • Front Office Quant Associate

    11 hours ago

    Mumbai, India The Edge Partnership - The Edge in Asia Full time

    Our Global Asset Management client is looking to hire an Associate Quant in their Mumbai. They are a buy side organization and are setting up an investment risk team which requires strong experience in market risk. Some of the key responsibilities will include: Strong background in market risk analytics, pricing derivatives or structured products (Key...

  • Front Office Quant Associate

    23 hours ago

    Mumbai, India The Edge Partnership - The Edge in Asia Full time

    Our Global Asset Management client is looking to hire an Associate Quant in their Mumbai. They are a buy side organization and are setting up an investment risk team which requires strong experience in market risk.Some of the key responsibilities will include:Strong background in market risk analytics, pricing derivatives or structured products (Key asset...

  • Front Office Quant Associate

    22 minutes ago

    Mumbai, India The Edge Partnership - The Edge in Asia Full time

    Our Global Asset Management client is looking to hire an Associate Quant in their Mumbai. They are a buy side organization and are setting up an investment risk team which requires strong experience in market risk. Some of the key responsibilities will include: Strong background in market risk analytics, pricing derivatives or structured products...

  • Front Office Quant Associate

    4 days ago

    Mumbai, India The Edge Partnership Full time

    Key responsibilities Strong background in market risk analytics, pricing derivatives or structured products (Key asset classes: Structured Credit – vanilla & exotic ABS, Derivatives – rates, credit, equity, FX, commodities, public / private equity, and fixed income – with / without options, covering corporate bonds, leveraged loans, EM debt,...

  • Associate Quantitative Research- Modelling

    6 days ago

    Mumbai, Maharashtra, India JPMorgan Chase Full time

    Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? As an Associate Quantitative Research - Modelling in our dynamic team, you will have the opportunity to develop quantitative models across various asset classes. This role will allow you to work independently and promote the QR agendas with...

  • Associate Quantitative Research- Modelling

    2 days ago

    Mumbai, Maharashtra, India JPMorganChase Full time

    **JOB DESCRIPTION** Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? As an Associate Quantitative Research - Modelling in our dynamic team, you will have the opportunity to develop quantitative models across various asset classes. This role will allow you to work independently and promote...

  • Model Risk Governance

    7 months ago

    Mumbai, India JPMorgan Chase & Co. Full time

    Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view.   As a Model Risk Governance - Quant Analytics Associate within our Risk Management and Compliance team, you will be at...

  • Quantitative Research

    5 months ago

    Santacruz East, Mumbai, Maharashtra, India JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** J.P. Morgan’s Global Quants Group in Mumbai was set up in 2013 as an extension of the Firm’s global quants teams around the world. It is a fast growing team covering multiple asset classes across geographies. It provides in-depth knowledge that is behind our Investment Banking, Structuring, Sales & Trading and Research businesses...

  • Quantitative Research

    6 months ago

    Santacruz East, Mumbai, Maharashtra, India JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view. As a Quantitative Research - Associate - Derivative and Pricing within the Quants Group, you will play...

  • Quantitative Research

    5 months ago

    Santacruz East, Mumbai, Maharashtra, India JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** J.P. Morgan’s Global Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view. Quants Group in Mumbai was set up in 2013 as an extension of the Firm’s global...

  • Quant Analytics Associate

    2 months ago

    Goregaon East, Mumbai, Maharashtra, India JPMorganChase Full time

    **JOB DESCRIPTION** Join the Card Data & Analytics: Reporting & Automation Team, where we promote business growth through actionable insights and recommendations. As a Quant Analytics Associate within the Card Data and Analytics Team, you will concentrate on cross-channel and cross-product analytics and data visualization. Your role will involve analyzing...

  • The Edge Partnership

    7 hours ago

    mumbai, India The Edge Partnership - The Edge in Asia Full time

    Our Global Asset Management client is looking to hire an Associate Quant in their Mumbai. They are a buy side organization and are setting up an investment risk team which requires strong experience in market risk.Some of the key responsibilities will include:Strong background in market risk analytics, pricing derivatives or structured products (Key asset...

  • Quant Research- Wholesale Credit

    2 months ago

    Goregaon East, Mumbai, Maharashtra, India JPMorganChase Full time

    **JOB DESCRIPTION** Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view. As a Quantitative Research Data Engineering Associate within our Wholesale Credit Data QR team, you...

  • Model Risk Governance

    5 months ago

    Goregaon, Mumbai, Maharashtra, India JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** Model Risk Governance & Review (MRGR) is responsible for conducting model validation to help identify, measure, and mitigate model risk. The objective is to ensure that models are used appropriately in the business context, and that model users are aware of the models' strengths and limitations and how these can impact their business...