Quant Modelling Analyst -Counterparty Credit Risk

JPMorgan Chase

3.3

(114)

Bengaluru, India

Why you should apply for a job to JPMorgan Chase:

  • 62% say women are treated fairly and equally to men
  • 78% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.

    #210586151

    Position summary

    edit risk. Join a dynamic counterparty credit model risk team focusing on cutting-edge XVA and credit exposure model

    Job responsibilities:

    • Perform Model validation of trading models/pricers used in XVA, Counterparty Credit Exposure and IMM/Capital calculations and regulatory stress testing.

    • Perform assessments of the conceptual soundness of model specification, the appropriateness of the methodology for its intended purpose, reasonableness of assumptions and reliability of inputs and assessment of model limitations

    • Assess completeness of testing performed to support the correctness of the implementation

    • Perform ongoing performance monitoring tests and regulatory/non-regulatory backtesting 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, trading desks, and controls functions across the firm to understand methodology, usage and establish transparency around model controls, model limitations and performance

    Required qualifications, capabilities, and skills:

    • Quantitative background with at least a bachelors degree in Mathematics, Science, Engineering, Statistics, Quant Finance, or similar.

    • Strong quantitative, analytical, and problem-solving skills; 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: ability to ask incisive questions, assess materiality and escalate issue

    Preferred qualifications, capabilities, and skills

    • Knowledge and interest in Python programming

    • Understanding of finance industry, particularly in modeling- valuation, risk, capital, forecasting, investment management

    ABOUT US

    JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

    We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. 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. Visit our FAQs for more information about requesting an accommodation.

    ABOUT THE TEAM

    Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

    Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

    Why you should apply for a job to JPMorgan Chase:

  • 62% say women are treated fairly and equally to men
  • 78% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.