Risk Management - Wholesale Quantitative Research, Associate

Job Responsibilities

• Develop wholesale credit risk measurement models for portfolios such as Commercial Real Estate loans and structured product vehicles
• Build credit loss models supporting the bank's Current Expected Credit Loss estimation
• Create stress testing models supporting Comprehensive Capital Analysis and Review processes
• Create scorecard and modeling approaches to measure credit risk for Commercial Real Estate clients
• Audit model performance, limitations, and use appropriateness to identify and monitor model risk
• Design efficient numerical methods to support model estimation, calibration, and validation
• Implement high-performance computing solutions to improve model runtime and scalability
• Build reusable analytics software frameworks and integrate model outputs into downstream systems
• Analyze large, real-world datasets to derive insights that improve model accuracy and stability
• Partner with credit officers, portfolio managers, finance, and technology to deliver business-ready solutions
• Communicate methodology, results, and limitations clearly to model governance committees and regulators

Required Qualifications, Capabilities, And Skills

• Master's degree or higher in a quantitative discipline
• 3 years of experience developing statistical and/or economic models in a financial services or risk context
• 3 years of experience applying regression and multivariate statistical techniques to real-world datasets
• 3 years of hands-on programming experience in Python for data analysis and modeling (including pandas and NumPy)
• 2 years of experience working with machine learning techniques in model development or analytics workflows
• Demonstrated experience working with large datasets and building repeatable data pipelines for modeling
• Knowledge of core banking risks and how risk is measured and managed in a wholesale credit context
• Ability to explain complex quantitative concepts to non-technical stakeholders in clear, concise language
• Prominent collaboration across functions and translating business needs into quantitative solutions
• Strong attention to detail, with a disciplined approach to testing, documentation, and controls
• Ability to adapt quickly, learn new domains, and deliver in a fast-paced environment

Preferred Qualifications, Capabilities, And Skills

• Doctorate in a quantitative discipline
• Experience developing wholesale credit risk models for Basel, Comprehensive Capital Analysis and Review, or Current Expected Credit Losses exercises
• Experience designing numerical algorithms (for example: optimization or root-finding) for model calibration
• Familiarity with cloud platforms and model lifecycle tooling (for example: AWS, Azure, MLflow, Kubeflow, or SageMaker)
• Experience using modern artificial intelligence tools to accelerate model development, testing, or documentation workflows
• Knowledge of graph or network analytics for counterparty or contagion risk modeling

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, 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.

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.