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CIB - QR - Wholesale Credit Capital Modeling - VP - NY, NY

Job Description

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. www.jpmorganchase.com.

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) 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.

Qualifications:

  • 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 #: 160022553
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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