Risk Management - Model Risk Program Associate

Join J.P.

Morgan's Corporate & Investment Bank, a global leader trusted by the world's most important corporations, governments, and institutions.

As part of our Asset Managers Credit Risk Team, you will play a crucial role in managing exposure to industry-leading asset management firms, private equity sponsors, private credit, and real estate fund managers.

Your expertise will be pivotal in structuring financings and overseeing credit relationships.

This is your opportunity to make a significant impact and grow your career in a supportive and forward-thinking environment.

Be part of a team that values your contributions and fosters professional growth.

As a Credit Officer in the Asset Managers Credit Risk Team, you will have primary responsibility for a predominately Alternative Asset Manager segment within the broader portfolio.

You will serve as a best practice leader for these credit relationships and report to the Group Leader.

You will oversee transaction structures, perform borrower and counterparty due diligence, and monitor ongoing exposure, threshold management, compliance, potential problems, and opportunities.

Together, we will create a culture of excellence and innovation, providing opportunities for growth and success.

Job Responsibilities


* Perform model reviews: analyze conceptual soundness of complex pricing models, engines, and reserve methodologies; assess model behavior and suitability of pricing models/engines to particular products/structures


* Provide guidance on model usage and act as first point of contact for the business on all new models and changes to existing models


* Develop and implement alternative model benchmarks and compare the outcome of various models; Design model performance metrics


* Liaise with model developers, Risk and Valuation Control Groups and provide guidance on model risk


* Evaluate model performance on a regular basis

Required Qualifications, Capabilities and Skills


* Expertise in probability theory, stochastic processes, statistics, partial differential equations, and numerical analysis


* MSc, PhD or equivalent in a quantitative discipline


* Inquisitive nature, ability to ask right questions and escalate issues


* Excellent communication skills (written and verbal)


* Good understanding of option pricing theory (i.e.

quantitative models for pricing and hedging derivatives)


* Proficient coding skills for example in C/C++ or Python

Preferred Qualifications, Capabilities and Skills


* Experience in a front office or model risk quantitative role.

JPMorganChase, 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.

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