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CIB Risk - Wholesale Credit Capital Modeling - Associate - NY, NY

Job Description


Position Summary:

IB Quantitative Research (IBQR) is responsible for the development of a variety of models used throughout J.P. Morgan Chase.  The Model Development and Capital Analysis (MDCA) team explains and adds transparency around regulatory capital model results for firm-wide capital stakeholders.   Members of the team develop wholesale credit risk models for regulatory capital purposes.


Core Responsibilities:

·         Help design and enhance risk models used for regulatory capital modeling (Basel/CCAR). Primary focus is Loss Given Default (LGD), Exposure at Default (EAD), and Utilization models.

·         Perform risk analytic tasks including data processing (using various databases and platforms) and statistical analysis.

·         Explaining the drivers behind model behavior and impacts of model updates to various stakeholders across the firm.

·         Developing documentation and materials that enhance the understanding of wholesale credit risk models.



·         Technical skills: Python/R programming, subversion, database and SQL/Oracle. 

·         Graduate degree and experience in either computer science or a quantitative discipline (e.g. engineering, sciences, computing, statistics, or mathematics), or financial economics with quantitative background. 


Skills & Experience:

·         Strong quantitative, analytical, and problem solving skills.

·         The ability and motivation to take initiative and solve problems independently.

·         Experience in wholesale risk models, regulatory frameworks, risk analytics a plus.

·         Understand external market conditions and regulatory policy changes.

·         Proven ability to develop collaborative relationships with key internal partners to achieve objectives.

·         The ability to handle multiple initiatives/projects/work streams simultaneously.

·         Experience working with regulators and/or risk experience from financial services institution a plus. 

Req #: 160042561
Location: New York, NY US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: 0 US Dollar (USD)

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