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CIB Risk – Wholesale Credit Capital Modelling - Associate

Req #: 180005718
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 0 US Dollar (USD)
 
J.P. Morgan is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. Information about J.P. Morgan is available at http://www.jpmorganchase.com/
 
We are looking for a candidate with strong mathematical, statistical and scientific computational background to work in the regulatory and economical domain. The job responsibilities involve developing, back-testing, maintaining and implementing statistical models for Comprehensive Capital Analysis and Review (CCAR) stress testing and Current Expected Credit Loss (CECL) of the wholesale portfolios.
Minimum education required: Ph.D. degree or equivalent in Statistics, Economics, Engineering, Operational Research or related quantitative field preferred. A Master degree with at least 5 years of relevant working experience is acceptable.
 
Minimum experience required: Financial and/or economical modeling experience preferred. Post doctoral research experience in a quantitative field is also a positive.  
 
Minimal skills required:
  • Quantitative modeling experience..
  • Strong data analysis and statistical modeling experience, such as factor models, copula, regression models.
  • Ability to work with large financial data, statistical data (especially time series) analysis.
  • Strong programming skills (Python, R, etc). 
And certain combinations of the following will be strong plus:
  • Numerical algorithms (root finding, optimization, etc)
  • Experience in wholesale risk models, regulatory frameworks, risk analytics
  • Experience in credit modeling.
  • The ability and motivation to take initiative and solve problems independently
  • The ability to handle multiple initiatives/projects/work streams simultaneously
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