Bring your Expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As a Quantitative Researcher in Wholesale Credit Risk Modeling team, you will develop and enhance quantitative models that support responsible growth and strong risk controls. You will partner with credit risk, finance, and technology teams to translate business needs into scalable model solutions. You will help us strengthen model methodology, documentation, and governance for key regulatory and risk management use cases. You will present model approaches, results, and limitations to senior stakeholders and model governance forums.
Job responsibilities:
- Develop wholesale credit risk measurement models for portfolios such as Commercial and Industrial loans and structured product vehicles, including models supporting the bank’s Current Expected Credit Loss estimation and Comprehensive Capital Analysis and Review processes
- Create rating and credit officer-facing modeling approaches to measure credit risk for commercial and corporate clients
- Assess model performance, limitations, and use appropriateness to identify and monitor model risk; design efficient numerical methods to support model estimation, calibration, and validation
- Implement high-performance computing solutions to improve model runtime and scalability
- Build reusable analytics software frameworks and integrate model outputs into downstream systems
- Analyze large, real-world datasets to derive insights that improve model accuracy and stability
- Partner with credit officers, portfolio managers, finance, and technology to deliver business-ready solutions and communicate methodology, results, and limitations clearly to model governance committees and regulators
Required qualifications, capabilities, and skills:
- Master’s degree or PhD in a quantitative discipline (for example: economics, finance, physics, mathematics, or computer science)
- 5 plus years of experience developing statistical and/or economic models in a financial services or risk context, including hands-on programming experience in Python for data analysis and modeling (including pandas and NumPy)
- 3 plus years of experience working with machine learning techniques in model development or analytics workflows, with demonstrated experience working with large datasets and building repeatable data pipelines for modeling
- Experience using modern artificial intelligence tools to accelerate model development, testing, or documentation workflows
- Knowledge of core banking risks and how risk is measured and managed in a wholesale credit context
- Ability to explain complex quantitative concepts to non-technical stakeholders in clear, concise language; a proven ability to collaborate across functions and translate business needs into quantitative solutions
- Strong attention to detail, with a disciplined approach to testing, documentation, and controls
- Ability to adapt quickly, learn new domains, and deliver in a fast-paced environment
Preferred qualifications, capabilities, and skills:
- Doctorate in a quantitative discipline (for example: economics, finance, mathematics, or physics)
- Experience designing numerical algorithms (for example: optimization or root-finding) for model calibration; knowledge of graph or network analytics for counterparty or contagion risk modeling
- Experience with Linux or Unix environments for research and production workflows; familiarity with cloud platforms and model lifecycle tooling (for example: AWS, Azure, MLflow, Kubeflow, or SageMaker)
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
Skills Required
- Master’s degree or PhD in a quantitative discipline such as economics, finance, physics, mathematics, or computer science
- At least 5 years of experience developing statistical or economic models in financial services or risk contexts
- Hands-on Python programming experience for data analysis and modeling, including pandas and NumPy
- At least 3 years of experience applying machine learning techniques in model development or analytics workflows
- Experience working with large datasets and building repeatable data pipelines for modeling
- Experience using modern artificial intelligence tools to accelerate model development, testing, or documentation
- Knowledge of core banking risks and wholesale credit risk measurement and management
- Ability to explain complex quantitative concepts to nontechnical stakeholders and collaborate across functions
- Strong attention to detail and disciplined approach to testing, documentation, and controls
- Ability to adapt quickly, learn new domains, and deliver in a fast-paced environment
- Doctorate in a quantitative discipline
- Experience designing numerical algorithms such as optimization or root-finding for model calibration
- Knowledge of graph or network analytics for counterparty or contagion risk modeling
- Experience with Linux or Unix environments for research and production workflows
- Familiarity with cloud platforms and model lifecycle tooling such as AWS, Azure, MLflow, Kubeflow, or SageMaker
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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