Help strengthen how we measure and manage risk in cleared derivatives. You will build quantitative models and tools that assess central counterparty margin adequacy and support counterparty credit risk management. Working with partners across controls and technology, you will take research into practical, production-ready solutions. Your work will directly inform risk frameworks and governance.
Job summary
As a Quantitative Research Senior Associate in Wholesale Credit Risk Quantitative Research, you will develop models and tools that assess central counterparty margin adequacy and support counterparty credit risk management for cleared derivatives. You will collaborate with a team that values strong partnerships, thoughtful analysis, and clear communication. You will work closely with risk governance and control partners to support a well-managed model lifecycle. You will engage technology partners to help deliver scalable, production-ready solutions.
Job responsibilities
- Develop expertise in quantitative topics related to central counterparties and cleared derivatives
- Create models and tools to assess the adequacy of margin requirements for cleared derivatives
- Develop and enhance models and toolsets that evaluate the effectiveness of counterparty risk frameworks
- Build statistical models and analytics to assess and manage counterparty credit risk
- Partner with risk governance and control teams to support model oversight and ongoing reviews
- Collaborate with technology partners to implement, test, and deploy production-ready models and tools
- Document assumptions, methodologies, and limitations clearly to support transparency and re-use
Communicate findings and recommendations in a clear, logical way to technical and non-technical stakeholders
Required qualifications, capabilities, and skills
- Doctorate or master’s degree (or equivalent) in financial engineering, operations research, statistics, mathematics, computer science, economics, or a related field
- 3 years of experience in quantitative research, quantitative strategy, or a closely related quantitative role
- Proficiency in Python for model development and data analysis
- Strong understanding of cleared derivatives and risk management methodologies, including value at risk and stress testing, across asset classes
- Excellent verbal and written communication skills, with the ability to articulate analysis clearly and logically
- Demonstrated attention to detail and the ability to deliver across multiple time-sensitive timelines
- Strong risk and control mindset and a track record of effective cross-team partnership
Preferred qualifications, capabilities, and skills
- Proficiency in R in addition to Python
- Experience assessing central counterparty margin methodologies and margin adequacy
- Experience developing or enhancing counterparty credit risk models for derivatives
- Experience deploying analytical models into production environments in partnership with engineers
- Familiarity with model governance expectations, documentation, and ongoing monitoring practices
- Experience working with cleared products across multiple asset classes
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
- Doctorate or master's degree in financial engineering, operations research, statistics, mathematics, computer science, economics, or related field
- 3 years of experience in quantitative research, quantitative strategy, or closely related quantitative role
- Proficiency in Python for model development and data analysis
- Strong understanding of cleared derivatives and risk management methodologies, including value at risk and stress testing across asset classes
- Excellent verbal and written communication skills
- Demonstrated attention to detail and ability to deliver across multiple time-sensitive timelines
- Strong risk and control mindset and track record of effective cross-team partnership
- Proficiency in R
- Experience assessing central counterparty margin methodologies and margin adequacy
- Experience developing or enhancing counterparty credit risk models for derivatives
- Experience deploying analytical models into production environments in partnership with engineers
- Familiarity with model governance expectations, documentation, and ongoing monitoring practices
- Experience working with cleared products across multiple asset classes
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 comprehensive, with on-site clinics, preventive care, and specialized supports such as maternity nurse guidance and fertility treatments. Wellness activities can help offset copays and out-of-pocket costs, reinforcing the perceived strength of health benefits.
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Retirement Support — A 401(k) with dollar-for-dollar matching and additional automatic pay credits reflect strong employer-backed retirement savings. An employee stock purchase plan and related financial programs further bolster long-term financial support.
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Leave & Time Off Breadth — Paid time off, sick time, holidays, and generous parental leave are provided alongside family medical leave and adoption/fertility assistance. Additional programs like caregiver support and volunteer time off expand the breadth of time-away options.
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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