Our Firmwide Risk Function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.
Job summary
As a Portfolio Risk Modeling Senior Associate within Consumer & Community Banking Risk Management, you will support critical statistical development projects and related analysis. You will design, develop, test, and validate statistical models for risk weight calculation, risk forecasting, and model performance monitoring. You will apply graduate-level research and analytical skills to perform data extraction, sampling, and statistical analyses using methods such as logistic regression, multinomial regression, multivariate analysis, discriminant analysis, time series analysis, and panel data analysis. You will design and produce programs to streamline and create repeatable procedures for model development, validation, and reporting. You will communicate and collaborate with business partners and model end-users to analyze and meet analysis and reporting needs.
Job responsibilities
- Design statistical models for risk weight calculation, risk forecasting, and model performance monitoring.
- Develop statistical models and related analytics to support critical development projects.
- Test models and supporting code to ensure accuracy and stability.
- Validate models and monitoring approaches, including documenting model performance.
- Perform data extraction, sampling, and statistical analyses using techniques such as logistic regression, multinomial regression, multivariate analysis, discriminant analysis, time series analysis, and panel data analysis.
- Build efficient programs to streamline and create repeatable procedures for model development, validation, and reporting.
- Communicate proactively with business partners and model end-users on analysis objectives, progress, and results.
- Collaborate with partners and end-users to define and meet analysis and reporting needs.
Required qualifications, capabilities, and skills
- Qualified graduate with minimum of 5 years of relevant experience in statistical modeling within financial services industry
- Proficiency in advanced analytical languages such as R, Python, PySpark, and AWS
- Master’s or Ph.D. degree in a technical or quantitative field such as Statistics, Economics, Finance, Mathematics, Computer Science, Engineering, or Information Technology
- Strong analytical and problem-solving skills
- Strong organization and time management skills, with the ability to deliver high-quality results under tight deadlines
- Strong multi-tasking skills, with demonstrated ability to manage expectations and deliver results
- Strong communication skills
Preferred qualifications, capabilities, and skills
- Knowledge of regulatory modeling (IFRS 9 / CECL / CCAR / Basel)
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.
Skills Required
- Minimum 5 years of relevant experience in statistical modeling within the financial services industry
- Proficiency in R, Python, PySpark, and AWS
- Master's or Ph.D. degree in Statistics, Economics, Finance, Mathematics, Computer Science, Engineering, Information Technology, or another technical or quantitative field
- Strong analytical and problem-solving skills
- Strong organization and time management skills
- Ability to deliver high-quality results under tight deadlines
- Strong multitasking skills and ability to manage expectations and deliver results
- Strong communication skills
- Knowledge of regulatory modeling, including IFRS 9, CECL, CCAR, or Basel
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 — 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.
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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.
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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
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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