Risk Management - Wholesale Quantitative Research, Associate

You will need to login before you can apply for a job.

View more categories View less categories Sector Insurance ,Legal ,Research and Development ,Sales and Business Development Role Associate Contract Type Permanent Hours Full Time

Bring your Expertise to JPMorgan

Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan

Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.
As a Quantitative Researcher in Wholesale Credit Risk Modeling team, , you will develop and enhance quantitative models that support responsible growth and strong risk controls. You will partner with credit risk, finance, and technology teams to translate business needs into scalable model solutions. You will help us strengthen model methodology, documentation, and governance for key regulatory and risk management use cases.

You will present model approaches, results, and limitations to senior stakeholders and model governance forums.

Job Responsibilities

• Develop wholesale credit risk measurement models for portfolios such as Commercial Real Estate loans and structured product vehicles
• Build credit loss models supporting the bank's Current Expected Credit Loss estimation
• Develop stress testing models supporting Comprehensive Capital Analysis and Review processes
• Create scorecard and modeling approaches to measure credit risk for Commercial Real Estate clients
• Assess model performance, limitations, and use appropriateness to identify and monitor model risk
• Design efficient numerical methods to support model estimation, calibration, and validation
• Implement high-performance computing solutions to improve model runtime and scalability
• Build reusable analytics software frameworks and integrate model outputs into downstream systems
• Analyze large, real-world datasets to derive insights that improve model accuracy and stability
• Partner with credit officers, portfolio managers, finance, and technology to deliver business-ready solutions
• Communicate methodology, results, and limitations clearly to model governance committees and regulators

Required Qualifications, Capabilities, and Skills

• Master's degree or higher in a quantitative discipline (for example: mathematics, physics, statistics, economics, finance, or computer science)
• 3 years of experience developing statistical and/or economic models in a financial services or risk context
• 3 years of experience applying regression and multivariate statistical techniques to real-world datasets
• 3 years of hands-on programming experience in Python for data analysis and modeling (including pandas and Num Py)
• 2 years of experience working with machine learning techniques in model development or analytics workflows
• Demonstrated experience working with large datasets and building repeatable data pipelines for modeling
• Knowledge of core banking risks and how risk is measured and managed in a wholesale credit context
• Ability to explain complex quantitative concepts to non-technical stakeholders in clear, concise language
• Proven ability to collaborate across functions and translate business needs into quantitative solutions
• Strong attention to detail, with a disciplined approach to testing, documentation, and controls
• Ability to adapt quickly, learn new domains, and deliver in a fast-paced environment

Preferred Qualifications, Capabilities, and Skills

• Doctorate in a quantitative discipline (for example: mathematics, physics, statistics, economics or finance)
• Experience developing wholesale credit risk models for Basel, Comprehensive Capital Analysis and Review, or Current Expected Credit Losses exercises
• Experience designing numerical algorithms (for example: optimization or root-finding) for model calibration
• Experience with Linux or Unix environments for research and production workflows
• Familiarity with cloud platforms and model lifecycle tooling (for example: AWS, Azure, MLflow, Kubeflow, or Sage Maker)
• Experience using modern artificial intelligence tools to accelerate model development, testing, or documentation workflows
• Knowledge of graph or network analytics for counter party or contagion risk modeling

JPMorgan

Chase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary…