MRGR Forecasting Models Analyst

As part of Risk Management and Compliance, you play a pivotal role in ensuring the strength and resilience of JPMorgan Chase. Your contributions aid in fostering responsible growth by proactively identifying new and emerging risks. Your expert judgement enables you to tackle real-world challenges that have a profound impact on our company, customers, and communities. Embracing a culture of innovation, Risk Management and Compliance encourages you to think creatively, challenge conventional norms, and aspire to achieve excellence. You will be an integral member of the MRGR team, a global group of modeling experts within JPMorgan Chase's Risk Management and Compliance division. Your primary responsibilities involve conducting independent model validation and governance activities to mitigate Model Risk effectively. The overarching goal is to ensure that models are suitable for their intended purpose, aligned with business requirements, and that users are well-informed about any limitations that could influence decision-making processes. Joining the MRGR team offers you a unique opportunity to be at the forefront of model validation and governance initiatives. This role provides exposure to a diverse range of model types and state-of-the-art modeling techniques. You will collaborate with some of the brightest minds in the firm, expanding your knowledge of various forecasting models. Leveraging this expertise, you will contribute to shaping business strategies and safeguarding the organization's interests. **Job Responsibilities:** - Establish and uphold robust standards for model development practices, adapting them to meet evolving industry benchmarks - Assess compliance with development standards, evaluating aspects such as model design integrity, assumption rationality, input reliability, testing thoroughness, implementation accuracy, and performance metric relevance - Identify weaknesses, constraints, and emerging risks through independent testing, construction of benchmark models, and continuous monitoring - Communicate risk evaluations and findings to stakeholders, documenting them in detailed technical reports of high quality - Support the firm in ensuring the ongoing appropriateness of model usage and managing the aggregate model risk within defined risk thresholds **Required Skills, Experience, and Qualifications:** - A Master's degree in a quantitative field (e.g., Math, Physics, Engineering, Statistics, Economics, or Finance) is mandatory - 0-2 years of experience in a quantitative or modeling role - Profound knowledge of statistical/econometric models like linear, logistic, and time series models is essential - Proficiency in programming languages such as Python, R, or equivalent - Familiarity with financial markets is advantageous - Exceptional verbal and written communication skills, with the ability to engage with various functional areas within the firm on model-related matters and produce high-caliber technical reports - Experience working with extensive datasets is desirable **Preferred Skills, Experience, and Qualifications:** - Prior involvement in mortgage or CRE risk model development or validation is a plus - Previous exposure to financial products/markets and regulatory stress testing (CCAR/ICAAP) is beneficial,