Quant Model Risk Associate Market Risk
6 days ago
DescriptionDo you want to join the team which makes a difference in a bank Financial institutions routinely use models for a broad range of activities including credit underwriting valuing financial instruments measuring and managing risk assessing the adequacy of reserves and capital resources and many other applications. Model Risk arises from the potential adverse consequences of making decisions based on incorrect or misused model outputs and reports leading to financial loss poor business decision-making or reputational damage.As a Quant Model Risk Associate - Market Risk working in Model Risk Governance and Review Market Risk you will play a crucial role in reviewing market risk models (such as Value-at-Risk specific risk risk factor simulation) used in connection with regulatory capital measurement and contribute to a range of model risk governance activities.The Model Risk Governance and Review (MRGR) group is responsible for conducting model validation to help identify measure and mitigate Model Risk. The objective is to ensure that models are used appropriately in the business context and that model users are aware of the models strengths and limitations and how these can impact their decisions. Within MRGR the MRGR Market Risk (MRGR MR) team performs reviews of the Firms Market Risk models to ensure that the way in which JP Morgan quantifies monitors and manages risk is robust. This role involves examining the behavior of these risk models by assessing their performance for different exposures and in varying market conditions. It entails exposure to a broad range of models including the pricing models used to value derivatives and statistical models of the risk factors used to estimate possible market scenarios. Job responsibilitiesEvaluate conceptual soundness of model specification; reasonableness of assumptions and reliability of inputs; completeness of testing performed to support the correctness of the implementation; robustness of numerical aspects; suitability and comprehensiveness of performance metrics and risk measures associated with use of a model.Design and implement experiments to measure the potential impact of model limitations parameter estimation error or deviations from model assumptions; compare model outputs with empirical evidence and/or outputs from model benchmarks.Evaluate model performance on an ongoing basis and in periodic re-reviewsIdentify market conditions under which a models performance may degrade.Liaise with model developers Finance and Risk professionals to provide guidance on model risk and usage.Document and explain review findings to model developers and risk management.Required qualifications capabilities and skillsAn advanced degree (for example MSc or PhD) in a subject such as Applied Mathematics Economics Physics Statistics Engineering or similar.Deep understanding of probability theory financial mathematics time-series analysis statistics and numerical methods.Experienced in one or more programming languages (e.g. Python) and in working with complex data sets. Excellent analytical and problem solving abilities.Inquisitive nature ability to ask right questions and to escalate issues; a risk & control mindset.Excellent communication skills (written and verbal).Teamwork-oriented mindset.Required Experience:IC Key Skills Cruise,Law Enforcement,Attorney At Law,Business Sales,AC Maintenance,Architecture Employment Type : Full-Time Experience: years Vacancy: 1
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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
1 week ago
Greater London, United Kingdom JPMorgan Chase Full timeDo you want to join the team which makes a difference in a bank? Financial institutions routinely use models for a broad range of activities including credit underwriting, valuing financial instruments, measuring and managing risk, assessing the adequacy of reserves and capital resources, and many other applications. Model Risk arises from the potential...
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Quant Model Risk Associate
1 week ago
Greater London, United Kingdom JPMorganChase Full timeJob Description Do you want to join the team which makes a difference in a bank? Financial institutions routinely use models for a broad range of activities including credit underwriting, valuing financial instruments, measuring and managing risk, assessing the adequacy of reserves and capital resources, and many other applications. Model Risk arises from...
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Quant Model Risk Associate
2 weeks ago
London, Greater London, United Kingdom JPMorganChase Full time £60,000 - £90,000 per yearDescriptionDo you want to join the team which makes a difference in a bank? Financial institutions routinely use models for a broad range of activities including credit underwriting, valuing financial instruments, measuring and managing risk, assessing the adequacy of reserves and capital resources, and many other applications. Model Risk arises from the...
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Quant Model Risk Associate
2 weeks ago
London, Greater London, United Kingdom JPMorgan Chase Full time £60,000 - £80,000 per yearDo you want to join the team which makes a difference in a bank? Financial institutions routinely use models for a broad range of activities including credit underwriting, valuing financial instruments, measuring and managing risk, assessing the adequacy of reserves and capital resources, and many other applications. Model Risk arises from the potential...
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Market Risk Quant
6 days ago
London, United Kingdom eFinancialCareers Full time**Description**: The role will reside within Firm Risk Managements Risk Analytics Department, specifically the Market Risk Analytics team. The Market Risk Analytics team is responsible for the development of market risk methodology and market risk models which feed directlyinto the firms internal and regulatory capital calculations and risk management...
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Market Risk Quant
6 days 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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Market Risk Model Validation Quant
5 hours ago
London, United Kingdom Quanteam Full timePosted by Omair Langah- Recruitment & Resource Partner Job**:Market Risk Model Validation Quant (Junior/Associate)** Location**:London** **Hybrid Working - travel to office is required** 2 stage interview process (can be on-site) Full Time Employment - Long Term Contract Inside IR35 via Umbrella **Key Responsibilities** - Validate **market risk models**,...
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Quant Model Risk Associate
1 week 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...
