JPMorganChase Logo

JPMorganChase

Credit Risk Innovation Quant Modeling Associate

Posted 20 Hours Ago
Be an Early Applicant
Hybrid
Mumbai, Maharashtra
Mid level
Hybrid
Mumbai, Maharashtra
Mid level
The Credit Risk Innovation Quant Modeling Associate will develop and enhance models for forecasting credit losses, participate in data analysis, validate models, and collaborate with stakeholders while mentoring junior staff and ensuring compliance with regulatory standards.
The summary above was generated by AI

Job Description
Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view
As a Quant Modeling Associate - Credit Risk in your Credit innovation team. You will be responsible for developing stress testing models to forecast credit losses and build quantitative frameworks to enhance credit rating methodologies for fixed income securities. You will contribute to the entire modeling lifecycle, including data extraction, statistical analysis, model development, evaluation, and implementation. You will prepare comprehensive documentation and engage with various stakeholders to address their queries regarding the model's methodology. Your expertise in econometrics and statistics will also support research initiatives and in-depth analysis of credit markets. This is an exciting opportunity to apply your expertise in econometrics and statistical analysis to develop robust models, enhance existing methodologies, and drive impactful solutions in credit risk modeling
Job responsibilities

  • Develop statistically robust models to forecast credit losses for fixed income investment portfolio.
  • Enhance existing model methodologies to improve their effectiveness, incorporating insights from new research in the credit risk domain.
  • Support the validation team by addressing their queries and ensuring that models meet regulatory requirements and are fit for use.
  • Design and create a scalable platform for implementing these credit risk models, enhancing their performance while maintaining accuracy.
  • Conduct periodic reviews to ensure model performance is as expected.
  • Mentor and train junior team members and colleagues, sharing best modeling practices and domain knowledge.
  • Collaborate with external stakeholders, including regulators, auditors, and industry groups, to discuss and refine model methodologies, assumptions, and results.


Required qualifications, capabilities, and skills

  • Proficiency in statistical modeling techniques, including multivariate regression, time series analysis, panel data analysis, logistic regression, and machine learning algorithms.
  • Professional experience or deep interest in data analytics, artificial intelligence and data visualization tools/ techniques
  • Problem solving skills to create statistically robust models
  • Candidate must be able to lead, multitask and thrive in a fast-paced environment managing multiple ad-hoc analytical requests and prioritize work accordingly.
  • A strong academic background, with a minimum of a bachelor's degree in a technical or quantitative field such as Statistics, Economics, Finance or Mathematics.


Preferred qualifications, capabilities, and skills

  • Knowledge of regulatory modeling (CECL / CCAR /IFRS9) preferred.
  • Proficiency in advanced analytical languages such as Python, R (Preferred)


About Us
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. 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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
About the Team
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

Top Skills

Python
R

JPMorganChase Bengaluru, Karnataka, IND Office

Devarabeesanahalli, Bellandur, Outer Ring Road, Bengaluru, Karnataka, India, 560103

Similar Jobs at JPMorganChase

Mid level
Financial Services
The Credit Risk Associate will perform credit analysis on corporate and FI clients, lead due diligence processes, produce credit memos, manage exposures, and coach junior team members. The role involves collaborating with various teams and stakeholders while ensuring adherence to risk management policies.
Top Skills: Credit AnalysisFinancial ModelingIsda/Csa DocumentationLoan DocumentationProject Management
2 Days Ago
Mumbai, Maharashtra, IND
Senior level
Senior level
Financial Services
As Vice President in Payment Operations, you will lead a team to oversee governance, compliance, and operational excellence for Cross Border and Domestic Payments, supporting banking clients. Responsibilities include managing regulatory compliance, interacting with clients and regulators, and providing performance reports to management.
Top Skills: Banking NormsCash ProductsForeign Exchange Management Act (Fema) GuidelinesRegulatory Compliance
3 Days Ago
Mumbai, Maharashtra, IND
Senior level
Senior level
Financial Services
As a Regulatory Reporting Vice President, you will oversee the implementation of Regulatory Trade Reporting in Global Credit, Rates, and Equities. Responsibilities include establishing control processes, coordinating with Legal and Compliance, improving reporting systems, and ensuring a controlled reporting environment with all necessary checks completed by end of day.
Top Skills: ApacCftc Trade ReportingDodd FrankEmir Trade ReportingMifid Ii

What you need to know about the Bengaluru Tech Scene

Dubbed the "Silicon Valley of India," Bengaluru has emerged as the nation's leading hub for information technology and a go-to destination for startups. Home to tech giants like ISRO, Infosys, Wipro and HAL, the city attracts and cultivates a rich pool of tech talent, supported by numerous educational and research institutions including the Indian Institute of Science, Bangalore Institute of Technology, and the International Institute of Information Technology.

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account