Quant Model Risk Analyst/Associate

7 days ago

London, Greater London, United Kingdom JPMorganChase Full time £60,000 - £120,000 per year
Description

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, Finance, and Model Development. This is your chance to work in a dynamic environment, gain exposure to various business areas, and contribute to critical decision-making processes.

As a Model Risk Analyst/Associate in the Model Risk Governance and Review team, you will play a crucial role in reviewing credit derivatives models and enhancing model risk governance. You will collaborate with model developers, trading desks, and risk professionals to ensure the soundness and suitability of complex pricing models. Together, we will drive innovation and maintain robust model risk controls.
 

Job responsibilities

  • Analyze the conceptual soundness of complex pricing models and reserve methodologies.
  • Develop and implement alternative model benchmarks and performance metrics.
  • Liaise with model developers, trading desks, and risk professionals to provide guidance on model risk and usage.
  • Maintain model risk control apparatus and serve as the first point of contact for the coverage area.
     

Required qualifications, capabilities, and skills

  • Excellence in probability theory, stochastic processes, statistics, and numerical analysis.
  • Strong understanding of option pricing theory and quantitative models for derivatives.
  • Experience with Monte Carlo and numerical methods.
  • Strong analytical and problem-solving abilities.
  • MSc or equivalent in a relevant field.
  • Proficiency in C/C++ programming and Python.
  • Inquisitive nature with excellent communication skills.
  • Teamwork-oriented mindset.
     

Preferred qualifications, capabilities, and skills

  • Experience with credit derivatives

  • Model Risk Quant

    6 days ago

    London, Greater London, United Kingdom JPMorganChase Full time £100,000 - £120,000 per year

    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)...

  • Quant Model Risk Associate

    7 days ago

    London, Greater London, United Kingdom JPMorganChase Full time £80,000 - £120,000 per year

    DescriptionWe are looking for a new member to join our Commodities 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 involves...

  • Model Risk Quant

    6 days ago

    London, Greater London, United Kingdom JPMorganChase Full time £60,000 - £120,000 per year

    Job 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)...

  • Quant Model Risk Associate

    1 week ago

    London, Greater London, United Kingdom JPMorganChase Full time £60,000 - £90,000 per year

    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...

  • Quant Model Risk Associate

    2 weeks ago

    London, Greater London, United Kingdom JPMorgan Chase Full time £60,000 - £80,000 per year

    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 the potential...

  • Quant Model Risk Associate

    6 days ago

    London, Greater London, United Kingdom JPMorganChase Full time £100,000 - £120,000 per year

    DescriptionWe 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...

  • Quant Analyst

    6 days ago

    London, Greater London, United Kingdom eMFusion Global Full time £60,000 - £120,000 per year

    Quantitative Analyst (Quant Analyst) - Tier 1 Bank, UKLocation: London, UKEmployment Type: Permanent/ContractSalary: Competitive, based on experienceAbout the Role:A leading Tier 1 bank is seeking a highly skilled Quantitative Analyst (Quant Analyst) to join its dynamic team in London. The successful candidate will be responsible for developing,...

  • Quantitative Research Associate

    6 days ago

    London, Greater London, United Kingdom Validus Risk Management Full time £60,000 - £120,000 per year

    We are looking for an Associate Quantitative Analyst to join our Quantitative Research team.This team is responsible for developing and validating the financial models that drive our market risk analytics, with a particular focus on liquidity risk and credit charges in private market portfolios.As part of a growing quantitative team—alongside Quant...

  • Market Risk Quant Associate

    2 weeks ago

    London, Greater London, United Kingdom NatWest Group Full time £90,000 - £120,000 per year

    Join us as a Market Risk Quant AssociateYou'll be developing and maintaining compliant and fit for purpose models used in the bank's risk frameworkWith your skills and expertise, you'll be able to provide clear and well-presented analysisJoin a collaborative and supportive team environment, where you'll be valued for sharing your ideas and learning from...

  • Market Risk Quant Associate

    2 weeks ago

    London, Greater London, United Kingdom RBS Full time £60,000 - £120,000 per year

    Join us as a Market Risk Quant AssociateYou'll be developing and maintaining compliant and fit for purpose models used in the bank's risk frameworkWith your skills and expertise, you'll be able to provide clear and well-presented analysisJoin a collaborative and supportive team environment, where you'll be valued for sharing your ideas and learning from...