Model Risk Quant AnalystAssociate
1 week ago
DescriptionModel Risk Governance and Review (MRGR) is a global team of modelling experts within the firms Risk Management and Compliance organization. The team is responsible for conducting independent model reviews and governance activities to identify measure and mitigate model risk across the firm. Within MRGR the MRGR Credit Portfolio Group (CPG) Derivatives team manages the model risks associated with XVA and Counterparty Credit Risk (CCR) capital models for JPMorgans extensive derivatives portfolios.This role offers a unique opportunity to gain exposure to a cross-asset framework that spans multiple lines of business and associated models. It encompasses a broad range of usages including valuation capital and credit risk management and operates in a relatively nascent area marked by ongoing model development and enhancement.As a Model Risk Quant Analyst / Associate in Model Risk Governance and Review team you will conduct comprehensive model review and governance activities across a diverse array of models. These include risk factor simulation engines correlation and relatedness models exposure aggregation and end-use models such as CVA and FVA (Credit and Funding Valuation Adjustments) as well as CCR Regulatory Exposure. Additionally you will contribute to the expansion of our benchmarking library and the development of related tools thus bolstering the model validation teams capacity to independently test models used in the XVA/CCR space.Job responsibilitiesEvaluate the conceptual soundness of the models; the adequacy of the testing to support the model assumptions and the correctness of the implementation; the suitability and comprehensiveness of performance metrics and risk measures associated with the use of the model.Design and implement experiments to measure on-going model performance and potential impacts of model limitations.Evaluate model performance on an ongoing basis and in periodic re-reviewsWork closely with model developers trading desk and control functions (Credit Risk and Valuation Control) to understand usage of models within the business context assess models fit-for-purpose for specific portfolios and syndicate the identified model risks to ensure that they are understood captured monitored and managed.Contribute to the built-out of the teams independent benchmarking library.Required qualifications capabilities and skillsPhD or MS degree in a quantitative areas (Math Finance Applied Math Physics Engineering or similar)Solid grasp of financial math and knowledge of derivative pricing modelsGood command of probability theory stochastic calculus and numerical methodsExcellent analytical and problem solving abilitiesExcellent communication skills (written and verbal)Inquisitive nature ability to ask right questions and escalate issues; risk and control mind-setKnowledge of programming languages (Python)Preferred qualifications capabilities and skillsExperience in model validation or model developmentFamiliarity with XVA and Counterparty Credit Risk space more generallyRequired Experience:IC Key Skills ISO 27001,Microsoft Access,Risk Management,Financial Services,PCI,Risk Analysis,Analysis Skills,COBIT,NIST Standards,SOX,Information Security,Data Analysis Skills Employment Type : Full-Time Experience: years Vacancy: 1
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Quant Model Risk AnalystAssociate
1 week ago
London, United Kingdom JPMorganChase Full timeDescriptionAre you ready to make a significant impact in the world of model risk management At Model Risk Governance and Review Group (MRGR) we are at the forefront of assessing and mitigating model risks across the globe. With a presence in major financial hubs like New York London Mumbai and Paris our team collaborates with top professionals in Risk...
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Quant Model Risk AnalystAssociate
7 days ago
Greater London, United Kingdom JPMorganChase Full timeDescription Are you ready to make a significant impact in the world of model risk management? At Model Risk Governance and Review Group (MRGR) we are at the forefront of assessing and mitigating model risks across the globe. With a presence in major financial hubs like New York, London, Mumbai and Paris our team collaborates with top professionals in Risk,...
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Model Risk Quant
2 weeks ago
London, Greater London, United Kingdom JPMorganChase Full time £100,000 - £120,000 per yearDescriptionModel Risk Governance and Review (MRGR) is a global team of modelling experts within the firm's Risk Management and Compliance organization. The team is responsible for conducting independent model reviews and governance activities to identify, measure, and mitigate model risk across the firm. Within MRGR, the MRGR Credit Portfolio Group (CPG)...
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Quant Analyst
5 days ago
London, United Kingdom eFinancial Careers Full timeSeeking a **Quantitative Analyst** to join the **Model Validation** team within a leading global investment bank based in London. To manage risk that arises from models used for derivatives valuation to models used for risk management, liquidity & capital computations. Assessing the risk associated with model considering pricing exotic options or in...
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Market Risk Quant
1 week ago
London, United Kingdom eFinancialCareers Full time**Market Risk Quant** A leading Investment Bank has an immediate requirement for Quantitative Analysts to join their Market Risk Analytics team. You will hold strong academics in a Mathematical, Statistical or Engineering discipline. This is a London based role with 2/3 days per week in the office. **Skills**: - Market risk - VAR - SVAR - IRC -...
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Model Risk Quant
2 weeks ago
London, Greater London, United Kingdom JPMorganChase Full time £60,000 - £120,000 per yearJob DescriptionModel Risk Governance and Review (MRGR) is a global team of modelling experts within the firm's Risk Management and Compliance organization. The team is responsible for conducting independent model reviews and governance activities to identify, measure, and mitigate model risk across the firm. Within MRGR, the MRGR Credit Portfolio Group (CPG)...
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Greater London, United Kingdom JPMorgan Chase Full timeA global financial services leader in London is seeking a Quant Model Risk Associate to review market risk models, ensuring their robustness and correctness. This role involves assessing model performance and collaborating with finance and risk teams to mitigate model risk. Required qualifications include an advanced degree in mathematics or a related field,...
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Greater London, United Kingdom JPMorganChase Full timeA global financial leader is seeking a Quant Model Risk Associate in Greater London to review market risk models and ensure their appropriate usage. The role requires an advanced degree in a relevant field and strong analytical skills, particularly in financial mathematics and programming. Collaborate with model developers to document findings and enhance...
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Quant Model Risk Associate
2 weeks ago
London, Greater London, United Kingdom JPMorganChase Full time £100,000 - £120,000 per yearDescriptionWe are looking for a new member to join our FX and Emerging Markets team in the Model Risk Governance and Review Group which is responsible for end-to-end model risk management across the firm. We adopt a comprehensive model risk management approach, assessing models within their usage context and based on relevant success criteria. Our role...
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Senior Quant Model Developer
2 weeks ago
London, United Kingdom eFinancialCareers Full time**Senior quant model developer** **Hybrid** **6 months Contract** **London** Purpose: We're looking for a Senior quant model developer for a major UK bank to focus on the IBOR migration project. Our team works closely with both Front Office and Risk quants to generate historical scenarios for all Risk Free Rate curves. Main Responsibilities: -...
