Join a high-impact team shaping the future of lending solutions and the corresponding risk management. Leverage your quantitative expertise to develop innovative models and analytical frameworks to determine collateral requirements for portfolio lending. Be part of a collaborative environment where your insights directly influence lending decisions withing the Private Bank.
As a Quantitative Research Associate within the Investment Solutions Data, Analytics & Modeling team, you will develop and enhance analytical tools to estimate Loan to Value (LTV) for capital market securities. You will collaborate with global partners to implement model improvements and ensure robust governance and performance monitoring. Your work will drive data-driven decision-making and support the evolution of Portfolio level Lending Requirements.
Job Responsibilities:
Design, implement, and enhance quantitative models and frameworks for determining lending value for a portfolio of tradable securities.
Propose model enhancements and demonstrate its conceptual soundness via rigorous back-testing.
Conduct independent validation and back-testing of existing and new lending value models, ensuring alignment with regulatory standards and internal risk policies
Partner with Technology to design and implement cost-effective model changes, and conduct implementation testing.
Conduct ad-hoc quantitative research and analysis.
Manage multiple priorities in a dynamic professional environment.
Required qualifications, capabilities, and skills:
- Demonstrate 6+ years of experience in risk modeling, quantitative research with focus on Lending, Credit and Market risk.
- Hold a graduate degree in a quantitative discipline such as Math, Statistics, Finance, Economics, or Engineering.
- Exhibit knowledge of equity, fixed income, and alternative investment products.
- Apply strong quantitative modeling and time series analysis skills.
- Proficiency in programming languages such as Python and SQL, with a willingness to learn new tools.
- Manage financial data handling, retrieval, and modeling tasks effectively.
- Communicate complex concepts clearly in both written and verbal formats.
Preferred qualifications, capabilities, and skills:
- Actively pursuing or having completed the CFA or FRM certification.
- Demonstrate the understanding of lending business (collateral requirement, loan to value estimation, initial and maintenance margins, shortfall monitoring etc. for tradable securities).
- Adapt quickly to new analytical tools and technologies.
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.
Skills Required
- 6+ years of experience in risk modeling or quantitative research focused on lending, credit risk, or market risk
- Graduate degree in Mathematics, Statistics, Finance, Economics, Engineering, or another quantitative discipline
- Knowledge of equity, fixed income, and alternative investment products
- Strong quantitative modeling and time series analysis skills
- Proficiency in Python and SQL, with willingness to learn new tools
- Experience handling, retrieving, and modeling financial data
- Ability to communicate complex concepts clearly in written and verbal formats
- Pursuing or completed CFA or FRM certification
- Understanding of lending concepts including collateral requirements, loan-to-value estimation, initial and maintenance margins, and shortfall monitoring for tradable securities
- Ability to adapt quickly to new analytical tools and technologies
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.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
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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