Risk - Model & Goverance Review Analyst null

Your role

The team

As part of the firm’s model risk management function, the Model Risk Governance and Review group is charged with developing model risk policy and control procedures, performing model validation activities, providing guidance on a model’s appropriate usage in the business context, evaluating ongoing model performance testing and ensuring that model users are aware of the model strengths and limitations. 

As a Quant Modelling Analyst you will be a member of the Model Risk Governance and Review group in Mumbai covering Market Risk models where you will have exposure to multiple assets classes, advanced modelling methodologies as well as day-to-day interaction with Quantitative Research teams and other Risk Functions.

Job responsibilities

• Model validation of market risk models - Evaluate conceptual soundness of model specification, the appropriateness of the methodology for its intended purpose, reasonableness of assumptions and reliability of inputs, assessment of model limitations, and completeness of testing performed to support the correctness of the implementation.
• Perform ongoing performance monitoring tests to ascertain that models are relevant and fit for purpose.
• Assist with model governance processes, model inventory and issue management and help to devise new model governance policies as and when required.
• Work closely with model developers and control functions across the firm to understand methodology, usage and establish transparency around model controls, model limitations and performance.

About you

Required qualifications, capabilities and skills

• Quantitative background with at least a Bachelor's/Master's/PhD degree in Statistics, Mathematics, Engineering, Quant Finance, or similar.
• Strong quantitative, analytical, and problem-solving skills; domain expertise in market risk VaR models, and derivatives pricing models; knowledge of probability theory, statistics, mathematical finance, econometrics, numerical methods and stochastic calculus. 
• Strong communication and interpersonal skills; ability to multi-task and meet deadlines.
• Ability to work independently, with remote supervision.
• Risk and control mindset: the ability to ask incisive questions, assess materiality and escalate issues.
• Understanding of Market Risk BASEL/FRTB regulations.

Preferred qualifications, capabilities and skills

• Knowledge and interest in Python programming.
• Understanding of the finance industry, particularly in modeling - valuation, risk, capital, forecasting, and investment management.

Benefits

Their wide-ranging benefits package offers an industry-leading selection of support to help employees care for their total well-being, financial future, career growth and the people who matter to them—at home and in their community. The benefits provided include:

• A comprehensive wellness program that covers everything from health screenings and free flu shots to a wide array of programs that help manage overall physical and mental health and well-being.
• Benefits that enhance employee’s financial health at every stage of life.
• Resources that help support you in your parenting journey, including 16 weeks of paid leave for the birth or adoption of a child — for all parents.
• 8 hours of paid time off annually for employees to volunteer in their communities.

Training & development

J.P. Morgan offers employees extensive training and development opportunities, including continuous learning through training programs, mentorships, and networking. These resources are designed to support skill development and foster lasting connections at every stage of their careers.

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Career progression

They provide programs, tools, and experiences to help employees achieve career goals and reach their full potential. With career mobility across various business areas and geographic locations, employees can explore new paths and grow into leadership roles that align with their aspirations. J.P. Morgan is committed to supporting professional growth and helping employees chart their paths to success. 

Sources

The following sources were used in researching this page:

• jpmorganchase.com/careers/explore-opportunities/students-and-graduates
• jpmorganchase.com/careers/work-with-us#benefits
• jpmorganchase.com/careers/grow-with-us
• youtube.com