Finance Quant Model Developer, Senior Associate
JPMorganChase
Accounting & Finance, Software Engineering
New York, USA
The Asset and Wealth Management (AWM) Finance Quantitative Modeling Team uses advanced statistical, quantitative, and computing techniques to develop, implement, test, and conduct analysis on advanced financial forecasting models. The modeled financial outcomes range from investment assets under management and their associated fees to deposit balances to lending portfolio balances and their credit costs. These models support regulatory requirements and inform business decision making.
As a Senior Associate on the Asset and Wealth Management Finance Quantitative Modeling Team, you will build, test, and implement advanced forecasting models using statistical and computing techniques to help us meet regulatory requirements and make better business decisions. You’ll work closely with partners in product and risk to translate model outputs into clear insights, analyze large datasets for trends and drivers, proactively identify risks in model assumptions and results, and document methodologies so we can use these tools responsibly and confidently.
Job Responsibilities:
- Support the design, testing, and implementation of quantitative models for pricing, risk management, and financial forecasting--using Python or similar programming / statistical packages.
- Work closely with product and risk managers and other stakeholders to understand business needs, particularly as they relate to interpreting model output.
- Identify and assess potential risks associated with model assumptions and outputs while developing strategies to mitigate identified risks.
- Analyze large datasets to identify trends, patterns, and insights and use statistical tools and techniques to interpret complex data.
- Prepare detailed documentation of model methodologies, assumptions, and limitations.
Required Qualifications, Capabilities, and Skills:
- Master’s or doctoral degree in a quantitative field, such as Mathematics, Statistics, Economics, Finance, or Engineering.
- 4+ years of experience in developing and implementing quantitative models in a financial, business, and/or post-baccalaureate academic research setting.
- Strong understanding of statistical and mathematical modeling and testing techniques.
- Strong understanding of standard statistical and mathematical modeling tools, e.g., Python, SAS, and Excel.
- Strong problem-solving skills and the ability to work with complex cross-sectional and longitudinal datasets.
- Ability to interpret and communicate quantitative results to non-technical stakeholders.
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
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.
Quant Modeling Senior Associates own models across initiatives, partnering with PMs to explain impacts of shifting macro and business conditions.