Climate Risk
2 months ago
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Job Description
We currently have an opportunity for an experienced Catastrophe Modeller/Developer with a strong scientific background to join the physical risk modelling team and support the deployment of catastrophe modelling across J.P. Morgan. This is an excellent opportunity to contribute to an exciting and rapidly evolving field within the financial services industry, with high focus and visibility within J.P. Morgan.
As a Catastrophe Modeller in J.P. Morgan's Climate, Nature and Social Risk Management team, you will bring strong data, research and communication skills to the team to support the build-out of climate risk capabilities across the firm. You will also be interfacing with a variety of internal counterparts across the firm, learning about the many aspects relevant in assessing the potential implications of climate change on a large and global financial institution such as J.P. Morgan Chase. Key to success in this role is the ability to work effectively and independently within an agile environment, deploy existing skills across a range of new challenges and be highly-motivated by developing solutions across a range of topics. You should be able to creatively develop solutions for complex topics and have strong interpersonal skills to help coordinate the implementation of those solutions; be a self-starter, able to articulate your thoughts clearly and have excellent attention to detail.
Job responsibilities
- Supports the day-to-day implementation of third party catastrophe modelling within the physical risk team co-ordinating with central data, tech and stakeholder modelling teams to source required data and run analyses
- Undertakes detailed model review and validation exercises
- Works with senior colleagues to develop innovative solutions to embed catastrophe modelling approaches into the Bank's risk management framework including credit risk models
- Helps develop an in-house analytical and model-driven approach on the appropriate physical risk scenarios for JPMorgan to consider, covering varying warming projections and developing an understanding of the range of potential outcomes
- Establishes requirements and drive firmwide needs for collecting data on physical risk impacts and risk-related scenario analysis
- Coordinates with other Risk teams, including the Consumer and Community Bank, the Corporate and Investment Bank, the Commercial Bank, Model Risk Governance & Review, and Chief Data Office teams, as appropriate, to determine how to best integrate physical risk data into BAU risk models
- Works across broader climate modelling including climate scenario design, the macroeconomic impacts of climate and exposure to transition risk modelling
Required qualifications, capabilities, and skills
- Strong academic background (PhD is preferable) in a highly quantitative discipline, including engineering, physics, economics or maths.
- Solid professional experience in the application of catastrophe modelling e.g. at a broker, insurer, reinsurer, or model development firm.
- Experience in model evaluation and/or development; ideally applied to business cases in the insurance, reinsurance or banking sectors.
- Ability to work effectively and gain credibility and respect of others. Lead and persuade others while positively influencing the outcome of team efforts.
- Highly effective in narrating the analytical output to stakeholders, with an ability to convey information clearly, accurately and succinctly (both written and verbally)
- Practical experience of using one or more catastrophe risk modelling platforms. Proficiency in catastrophe risk modelling methods, terminology and metrics.
- Proficient with coding in either R or Python.
Preferred qualifications, capabilities, and skills
Knowledge of SQL with experience operating in big data environments.
About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
About the Team
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.
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