Risk Management - Wholesale Credit Risk Senior Associate

Job Description

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 Risk Management - Wholesale Credit Risk Senior Associate in Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. The position requires the knowledge/experience in quantitative modeling, preferably in wholesale credit risk models such as probability of default (PD), loss given default(LGD) and exposure at default (EAD) models.

Job Responsibilities

• Build PD/LGD/EAD models for CCAR/CECL Stress testing for model review cycle.
• Possess a solid theoretical and practical knowledge of statistical methods and models: generalized linear models, time-series analysis, clustering, decision trees, logistic regression.
• Handling large amount of panel data, and data cleaning/filtering.
• Provide data analytics and insights for business stakeholders
• Design and program frameworks for efficient analytics and modeling.

Required qualifications, skills and capabilities 

• PhD or MS in quantitative field: finance, statistics, econometrics, mathematics, physics, engineering.
• 1 plus years of relevant experience.
• Strong Programming skills (preferably in Python/SQL), unit testing, efficient & scalable code.
• Quick learner & knowledge of use of LLMs.
• Strong Communication skills

 

Preferred qualifications, skills and capabilities 

• Hands on programming in Python.
• Quick learner & knowledge of use of LLMs.
• Prior experience in wholesale credit is preferred.
• Prior experience in PD/LGD/EAD modeling is strongly 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About the Team

J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.