Quantitative Analytics Associate

Are you seeking an exciting opportunity to become a part of a dynamic and expanding team in a fast-paced and challenging environment This unique opening offers you the chance to collaborate with the Business team in providing a comprehensive perspective. As a key member of the Risk Management and Compliance sector, you play a crucial role in maintaining the strength and resilience of JPMorgan Chase. Your expertise aids the firm in growing its business responsibly by anticipating and addressing new and emerging risks. By leveraging your expert judgment, you tackle real-world challenges that impact not only our company but also our customers and communities. The culture within Risk Management and Compliance encourages innovative thinking, questioning of the status quo, and striving for excellence. MRGR, a global team of modeling experts within the organization, is dedicated to conducting independent model validation and governance activities to identify, measure, and mitigate Model Risk at the firm. The primary goal is to ensure that models are suitable for their intended purposes, employed correctly within the business context, and that users are knowledgeable about any limitations that could affect business decisions. **Job Responsibilities:** - Establish standards for robust qualitative model development practices and adapt them as necessary to meet evolving industry norms. - Assess adherence to development standards, including the soundness of design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics. - Identify weaknesses, limitations, and emerging risks through independent testing, benchmark creation, and continuous monitoring. - Communicate risk evaluations and findings to stakeholders while maintaining high-quality technical documentation. - Aid the firm in ensuring the ongoing qualitative model usage is appropriate and maintaining the aggregate model risk within the established risk appetite. **Required Qualifications, Capabilities, and Skills:** We are searching for an individual enthusiastic about joining our team. If you meet the minimum requirements listed below, we invite you to apply for consideration for this position. - Bachelor's or Master's degree in business, finance, economics, or accounting. - Prior experience in a business modeling role. Candidates with extensive experience may be considered for more senior positions. - Excellent verbal and written communication skills, with the ability to interact effectively with various functional areas within the firm on model-related matters and produce high-quality technical reports. - Possess a risk and control mindset, with the ability to ask pertinent questions, evaluate the significance of model issues, and escalate concerns appropriately. - Proficiency in Python, R, or equivalent programming languages. - Familiarity with statistics and econometric modeling. **Preferred Qualifications, Capabilities, and Skills:** While not mandatory, the following additional qualifications will be taken into account: - Previous experience in financial products/markets and regulatory stress testing (CCAR/ICAAP) is advantageous.,