Quantitative Counterparty Credit Risk Associate

Posted Yesterday
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Jersey City, NJ, USA
Hybrid
Junior
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
Develop and enhance counterparty credit risk models for derivatives exposures. Perform quantitative analysis, evaluate model performance, support stressed exposure methodologies, and manage model lifecycle activities from development through production. Collaborate with risk, technology, and global quantitative research teams, provide quantitative insights to stakeholders, monitor framework performance, support governance, and document methodologies and testing for auditability.
Summary Generated by Built In

If you are passionate about quantitative finance, thrive in a collaborative environment, and want to make a measurable impact on how a global financial institution manages risk, this is your opportunity. Join a team at the forefront of counterparty credit risk modeling, where your work directly shapes the firm's ability to manage complex derivatives exposures at scale.

As a Quantitative Research Associate at JPMorgan Chase within the Quantitative Research team, you will contribute to the development and maintenance of models that produce critical risk metrics used to manage counterparty risk across the firm's derivatives portfolio. Based in Jersey City, you will collaborate with risk, technology, and quantitative research partners across the globe to advance stressed exposure methodologies and ensure the integrity of the firm's risk calculation framework. This role offers a unique opportunity to apply deep quantitative skills to real-world financial challenges while growing within a world-class team.

 

Job responsibilities

  • Design and implement enhancements to the counterparty credit risk framework, ensuring models remain robust, accurate, and aligned with evolving regulatory and business requirements
  • Conduct quantitative analysis leveraging the firm's infrastructure to evaluate model performance and support methodological development
  • Collaborate with risk and technology partners to jointly manage the full model lifecycle, from development through validation and production deployment
  • Provide timely and accurate support for business requests, translating complex quantitative concepts into actionable insights for stakeholders
  • Monitor ongoing performance of the calculation framework and contribute to governance processes that ensure model integrity and compliance
  • Partner closely with Quantitative Research teams across global locations to share knowledge, align methodologies, and drive consistency
  • Produce clear and thorough documentation of modeling choices, theoretical frameworks, testing procedures, and results to support transparency and auditability

 

Required qualifications, capabilities, and skills

  • Formal training or certification on data science concepts and 2+ years applied experience
  • Advanced degree (PhD, MSc, or equivalent) in Engineering, Mathematics, Physics, Computer Science, or a related quantitative discipline
  • Proficiency in Python, with the ability to write clean, efficient, and well-documented code
  • Demonstrated experience in quantitative finance or applied mathematics, with the ability to translate theoretical concepts into practical solutions
  • Strong analytical and problem-solving skills, with a track record of working through complex, ambiguous challenges
  • Excellent communication and collaboration skills, with the ability to work effectively across technical and non-technical teams in a global environment

 

Preferred qualifications, capabilities, and skills

  • Experience in counterparty credit risk, including familiarity with exposure methodologies such as stressed exposure or potential future exposure
  • Proficiency in C++, particularly in the context of quantitative or financial modeling applications
  • Working knowledge of derivatives across multiple asset classes, including rates, credit, equities, or commodities
  • Exposure to model governance, validation frameworks, or regulatory requirements related to counterparty risk
  • Experience working in a cross-functional or globally distributed team environment

 

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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

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.

Skills Required

  • Formal training or certification in data science concepts and 2+ years of applied experience
  • Advanced degree such as a PhD, MSc, or equivalent in Engineering, Mathematics, Physics, Computer Science, or a related quantitative discipline
  • Proficiency in Python, including clean, efficient, and well-documented code
  • Experience in quantitative finance or applied mathematics
  • Strong analytical and problem-solving skills
  • Excellent communication and collaboration skills across technical and non-technical teams
  • Experience in counterparty credit risk, including stressed exposure or potential future exposure methodologies
  • Proficiency in C++ for quantitative or financial modeling
  • Working knowledge of derivatives across rates, credit, equities, or commodities
  • Exposure to model governance, validation frameworks, or counterparty risk regulatory requirements
  • Experience working in cross-functional or globally distributed teams

JPMorganChase Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.

  • Healthcare Strength — Health coverage is considered comprehensive, including medical, dental, and vision, alongside wellness and mental health resources. Some locations add onsite health centers and related wellbeing support.
  • Retirement Support — Retirement offerings include a 401(k)-type savings plan and related financial benefits, with options such as employee stock purchase participation. Financial planning resources are also highlighted to support long-term savings.
  • Parental & Family Support — Paid parental leave of 16 weeks for birth or adoption is available for all parents. Child care and back-up child care resources further reinforce family support.

JPMorganChase Insights

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The Company
HQ: New York, NY
289,097 Employees
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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