MRGR Forecasting Models- Analyst/Associate

As a Modeling Expert within the MRGR team at JPMorgan Chase, you will play a crucial role in independent model validation and governance activities to identify, measure, and mitigate Model Risk within the firm. You will be responsible for setting and enhancing standards for robust model development practices, evaluating adherence to these standards, identifying weaknesses and emerging risks, and communicating risk assessments to stakeholders through technical reports. Your expertise will be essential in ensuring that models are suitable for their intended purposes and used appropriately within the business context. Your responsibilities will include: - Setting and enhancing standards for robust model development practices to meet industry standards - Evaluating adherence to development standards, including model design, assumptions, testing, implementation, and performance metrics - Identifying weaknesses, limitations, and emerging risks through independent testing and ongoing monitoring - Communicating risk assessments and findings to stakeholders through high-quality technical reports - Assisting the firm in maintaining ongoing model usage appropriateness and managing aggregate model risk within risk appetite Qualifications required for this role: - Ph.D. or Masters degree in a quantitative field such as Math, Physics, Engineering, Economics, or Finance - 1-4 years of experience in a quantitative or modeling role - Strong verbal and written communication skills, with the ability to interact with various functional areas and produce high-quality technical reports - Experience with large datasets - Proficiency in Python, R, or equivalent - Deep understanding of statistics and econometrics Preferred qualifications include prior experience in mortgage or CRE risk model development or validation, as well as experience in financial products/markets and regulatory stress testing (CCAR/ICAAP). This position offers you the opportunity to be at the forefront of model validation and governance activities, working with diverse model types and cutting-edge techniques. You will collaborate with top talent within the firm, expanding your knowledge and contributing to shaping business strategy and safeguarding the firm's interests.,