Credit Risk Innovation Quant Modeling Associate

Posted 3 Days Ago
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Mumbai, Maharashtra
Hybrid
Entry level
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
As a Quant Modeling Associate in the Credit Risk team, you will develop stress testing models for forecasting credit losses, enhance methodologies, and support various modeling processes through data extraction and statistical analysis. This role involves collaboration with stakeholders, mentoring junior members, and ensuring compliance with regulatory requirements.
Summary Generated by Built In

Job Description
Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view
As a Quant Modeling Associate - Credit Risk in your Credit innovation team. You will be responsible for developing stress testing models to forecast credit losses and build quantitative frameworks to enhance credit rating methodologies for fixed income securities. You will contribute to the entire modeling lifecycle, including data extraction, statistical analysis, model development, evaluation, and implementation. You will prepare comprehensive documentation and engage with various stakeholders to address their queries regarding the model's methodology. Your expertise in econometrics and statistics will also support research initiatives and in-depth analysis of credit markets. This is an exciting opportunity to apply your expertise in econometrics and statistical analysis to develop robust models, enhance existing methodologies, and drive impactful solutions in credit risk modeling
Job responsibilities

  • Develop statistically robust models to forecast credit losses for fixed income investment portfolio.
  • Enhance existing model methodologies to improve their effectiveness, incorporating insights from new research in the credit risk domain.
  • Support the validation team by addressing their queries and ensuring that models meet regulatory requirements and are fit for use.
  • Design and create a scalable platform for implementing these credit risk models, enhancing their performance while maintaining accuracy.
  • Conduct periodic reviews to ensure model performance is as expected.
  • Mentor and train junior team members and colleagues, sharing best modeling practices and domain knowledge.
  • Collaborate with external stakeholders, including regulators, auditors, and industry groups, to discuss and refine model methodologies, assumptions, and results.


Required qualifications, capabilities, and skills

  • Proficiency in statistical modeling techniques, including multivariate regression, time series analysis, panel data analysis, logistic regression, and machine learning algorithms.
  • Professional experience or deep interest in data analytics, artificial intelligence and data visualization tools/ techniques
  • Problem solving skills to create statistically robust models
  • Candidate must be able to lead, multitask and thrive in a fast-paced environment managing multiple ad-hoc analytical requests and prioritize work accordingly.
  • A strong academic background, with a minimum of a bachelor's degree in a technical or quantitative field such as Statistics, Economics, Finance or Mathematics.


Preferred qualifications, capabilities, and skills

  • Knowledge of regulatory modeling (CECL / CCAR /IFRS9) preferred.
  • Proficiency in advanced analytical languages such as Python, R (Preferred)


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.

Top Skills

Python
R

What the Team is Saying

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The Company
HQ: New York, NY
289,097 Employees
Hybrid Workplace
Year Founded: 1799

What We Do

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products.

Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.

Why Work With Us

Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.

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