JP Morgan Chase - Associate - Quantitative Research - Wholesale Credit CCAR Modeling

About Quantitative Research:

Quantitative Research (QR) is an expert quantitative modeling group in J.P. Morgan, as well as a leader in financial engineering, data analytics, statistical modeling and portfolio management. As a global team, QR partners with traders, marketers and risk managers across all products and regions, contributes to sales and client interaction, product innovation, valuation and risk management, inventory and portfolio optimization, electronic trading and market making, and appropriate financial risk controls.

Opportunity:

We are looking for an experienced Associate/VP to join our team in Mumbai. The team's mandate is to develop and implement state of the art risk models for the firms Wholesale Credit Stress and Loan loss reserves (CCAR, Basel, CECL, and IFRS9). Core areas include development, prototyping and implementation of models for probability of default (PD), loss given default (LGD), exposure at default (EAD) and related stress testing measures. The team also develops analytic tools for integrated back-testing and performs analysis of model outputs through big data platform and web-based reporting tools.

In addition, we are providing on job training, intensive internal classroom training, and online courses, all given by our experienced quants. Through the diversity of the businesses it supports and the variety of functions that it is responsible for, Quantitative Research group provides unique growth opportunities for you to develop your abilities and your career.

We make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental and physical health needs or particular family considerations.

If you are passionate, curious and ready to make an impact, we are looking for you.

Your Impact:

- You'll contribute to the firm's risk model evolution, credit capital assessment and effective risk management. Specially, you'll have the chance to:

- Develop statistical/economic models across wholesale credit portfolios and regulatory exercises to advance the model methodology

- Participate in all aspects of quantitative activities ranging from model research and prototyping to business support

- Implement models within the firm's analytical libraries, explain forecasts to senior management and partner stakeholders

- Analyze model outputs through big data platform and web-based reporting tools; build bespoke risk analytics tools and explain variance

- Actively involved in complete model lifecycle i.e. development, validation, implementation and ongoing monitoring

About You:

- Combinations for the following will be a strong plus.

- You have strong knowledge of statistical methods and models: time-series analysis, Generalized Linear models, clustering, predictive analytics and descriptive statistics etc.

- You are experienced in handling large amount of panel data, and data cleaning/filtering

- You demonstrate proficiency in programming skills and are experienced in model development using either Python or R

- You are experienced with quantitative modeling in the wholesale area for regulatory exercises (e.g. CCAR or Basel)

- You have experience in working in a shared computing environment (Linux) with version control.

- You are motivated to take initiative and solve problems independently

- You have strong organizational / project management skills to handle multiple initiatives simultaneously

- You possess excellent oral and written communication skills

Desirables:

- PhD/Master's or bachelor's degree in a quantitative discipline such as Statistics, Computer Science, Econometrics, Engineering, Physics etc. and related fields from a premier institute.

- 5-9 years of relevant modelling experience or development experience as a data scientist

- Good knowledge of financial instruments and financial risk management principles is preferred.

- Prior experience in writing model documents is strongly preferred but not mandatory

- Beyond that, we're interested in the things that make you unique: personal qualities, outside interests and achievements beyond academia and profession that demonstrate the kind of person you are and the differences you could bring to the team.

About Us:

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

About the Team:

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

Clients turn to our industry-leading Markets, Sales and Research team to offer clients unique market insights on sectors and companies, and actionable ideas using research to make well-informed investment decisions. Teams understand products across asset classes and help clients structure solutions that manage risk, enhance yield and solve complex financial problems.JPMorgan Chase & Co., 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 recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

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