Full-Time
Modeling Centre of Excellence Forecasting Associate
JP Morgan Chase
10,001+ employees
Global financial services with diversified offerings
No salary listed
Mumbai, Maharashtra, India
In Person
On-site at JP Morgan office in Powai, Mumbai.
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- Experience of working on R/Python statistical, analytical and machine learning libraries of 3-7 years
- Experience of working on probability theory, statistics and machine learning
- Close attention to detail and ability to work to very high standards
- Strong quantitative and analytical skills
- Strong communication skills (both written and verbal) and ability to present findings to a non-technical audience
- Ideal candidates for these positions would be graduates/post-graduates with good academic records from esteemed universities with exposure to finance/actuaries/accounting & derivatives
- Strong knowledge of Banking, Equities, FX, Rates, Fixed Income or Commodities
- Perform in-depth data analysis, using statistical and machine learning modeling techniques (regression, decision tree, ECM, neural networks, regime switching, etc.), to creatively build predictive or explanatory models
- Devising/improving models on new/existing regression models. This includes coding the entire statistical methodology in R, Python
- Translate business needs into quantitative analyses and tools; communicate complex results to senior stakeholders in a clear and precise manner
- Work independently and collaboratively to establish close partnerships with peers across the greater CIB organization and Global Treasury.
- Develop metrics and statistical model prototypes that can be used to drive business decisions.
- Lead and participate in ad-hoc projects as needed by senior management or regulatory initiatives
- Clearly document the code of the tools created; Publish and maintain clear user documentation; Write the official Model documentation and interact with the Model Governance group for review and approval; Ensure full SIT / UAT and Change controls of tools
A global financial services firm offering investment banking, asset management, private equity, financial services, and consumer banking to individuals and institutions. It works by providing advisory, lending, trading, and financing services through a worldwide network, earning revenue from interest, fees, and trading commissions, and using its data and the JPMorgan Chase Institute to analyze economies. It stands apart from peers due to its size, full-range services across consumer and corporate markets, extensive market access, and in-house data-driven insights. Its goal is to deliver comprehensive financial products with integrity and growth while supporting clients and communities through data-backed analysis and targeted programs.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1959
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Simplify's Take
What believers are saying
- July 2026 markets revenue surged 35%, and investment banking fees climbed 30%.
- August 2026 Asia Pacific corporate-banking revenue grew above 20%, sustaining hiring through 2027.
- August 2026 Alabama branch expansion and $750 billion housing push deepen local deposit gathering.
What critics are saying
- January 2026 SEC and CFTC penalties topped $350 million, exposing recurring compliance failures.
- Apple Card’s $20 billion balances include subprime borrowers; migration friction can damage charge-offs by 2028.
- CEO Jamie Dimon warned AI offers no unique bank advantage; JPMorgan’s $27.3 billion expense base keeps rising.
What makes JP Morgan Chase unique
- July 2026 Q2 profit hit $21.2 billion, proving unmatched scale and diversification.
- JPMorgan’s 200,000-user AI platform and $20 billion tech budget harden operating advantage.
- January 2026 Apple Card transfer gives Chase prime consumer distribution and ecosystem leverage.
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Benefits
Health Insurance
Flexible Work Hours
Paid Sick Leave
Paid Holidays
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↓ -5%2 year growth
↓ -5%Wall Street's largest banks are investing billions in AI, though questions persist about returns on these massive expenditures. JPMorgan leads with a nearly $20 billion annual technology budget, claiming its $2 billion AI investment has already matched costs in savings. The bank tracks how its engineers use AI tools and has deployed its proprietary platform to over 200,000 employees. Goldman Sachs spent $6 billion on technology this year, whilst announcing AI-driven efficiency measures that will slow hiring and reduce some roles. Citigroup takes a bottom-up approach with 4,000 employees trained as AI stewards, reporting nearly 90% staff usage of AI tools. Wells Fargo and Bank of America are also deploying AI across operations, from wealth advisory to code development. Morgan Stanley's partnership with OpenAI saved developers over 280,000 hours in the first half of last year. Despite widespread adoption, JPMorgan CEO Jamie Dimon noted banks don't "uniquely benefit from AI" since everyone now uses it.
JPMorgan has valued the New York Knicks at $11.75 billion following a record Lakers transaction, creating a notable gap with Madison Square Garden Sports' market capitalisation of approximately $9.8 billion. The comparison is significant because MSG Sports owns both the Knicks and the NHL's New York Rangers. The valuation follows an agreement by Bob Iger and Joshua Kushner to acquire the Lakers at $12.5 billion. JPMorgan analyst David Karnovsky cited the Lakers as the most relevant comparison for the Knicks given their large media market and similar revenue structure. MSG Sports' fourth-quarter revenue rose 37% to $278.7 million, driven by playoff revenue, league distributions and sponsorship. However, the Knicks are not currently for sale, meaning the elevated valuation does not directly translate to shareholder value.
JPMorgan analyst Samik Chatterjee raised his December 2027 price target for Microsoft to $625 from $550 on 13 August, maintaining an Overweight rating. The target implies roughly 30% upside from Microsoft's trading price of approximately $492. The upgrade follows Microsoft's strong fourth-quarter results on 29 July, which sent the stock up more than 27%. Azure grew 43% in constant currency, crossing $100 billion, whilst Intelligent Cloud revenue hit $39.3 billion, up 32%. Chatterjee estimates Copilot could add between $24 billion and $41 billion in revenue. GitHub Copilot alone has 50 million users. The analyst expects Azure growth to accelerate as AI infrastructure spending rises, with margins stabilising as buildout matures. JPMorgan's target sits below Wells Fargo's $700 Street-high but above the 34-analyst average of $564.49.
Chase opening new Alabama location, looks to expand to 5 more cities by year's end. It's the bank's 16th location in the state. Aug 14, 2026 - 14:44 City & Local Guides Chase is expanding its footprint along the Alabama Gulf Coast, officially opening its newest bank branch in Foley. Located at 2400 S. McKenzie Street, the facility marks the company's 16th location in the state, with a grand opening celebration set for Tuesday. Ambitious expansion plans. This opening is part of a larger, aggressive growth strategy for JPMorgan Chase. The banking giant has committed to triple its Alabama presence by 2030, aiming for 35 branches spanning from Muscle Shoals to Mobile. The momentum is expected to continue rapidly throughout the remainder of this year, with five additional locations planned for Montgomery, Mobile, Daphne, Decatur, and Huntsville. Serving the community. The new Foley branch is equipped to provide a full suite of services, including personal banking, lending, and wealth management. "Investing in Foley allows Chase to be a resource for growth for our families and our community," said branch manager Kaitlin Phillips. "We look forward to meeting our neighbors face-to-face during life's biggest moments - buying a car, a home, starting a business or planning for their kids' education." A bright future for Alabama. The bank's commitment to the state goes beyond new storefronts. Earlier this year, JPMorgan Chase CEO Jamie Dimon dedicated significant space in his annual shareholder letter to the potential of the region, noting that Alabama's future looks incredibly bright. This confidence has spurred several strategic initiatives, most notably the American Dream Initiative (ADI). Through this program, Chase aims to boost local small businesses by providing enhanced access to capital, training, and financial tools. Dimon, who toured Alabama last year during a multi-state visit, remains a key driver in the bank's Southern expansion, as reported by 205focus.com.
Fisher House Southern California named 2026 San Diego Business Impact Awards honoree. Aug 14, 2026 Recognition presented by San Diego Regional EDC and JPMorganChase highlights organization's expansion and support for military families LONG BEACH, CA, August 14, 2026 /24-7PressRelease/ - Fisher House Southern California has been selected as an honoree for the 2026 San Diego Business Impact Awards, hosted by the San Diego Regional Economic Development Corporation (EDC) and JPMorganChase. This annual award recognizes high-performing organizations that drive economic growth and contribute significantly to the local community. The award celebrates Fisher House Southern California's ongoing growth as well as its core humanitarian mission. Fisher House Southern California provides a "home away from home" at no cost to military and veteran families while their loved one receives medical care at regional military and VA medical centers. By easing financial burden and keeping families together during complex medical crises, the organization directly supports the well-being of the region's defense community. The San Diego Business Impact Awards ceremony brings together leaders across the regional economy to celebrate local enterprise, leadership, and service. The recognition underscores Fisher House Southern California's commitment to sustainable organizational growth while delivering vital community support to service members and their families. About Fisher House Southern California Fisher House Southern California is a 501(c)(3) nonprofit organization dedicated to providing a "home away from home" for military members, veterans, and their families while a loved one receives medical care at VA and military hospitals throughout Southern California. Through donor support and community partnerships, the organization helps families stay together during medical treatment by providing no-cost lodging and, when Fisher House accommodations are unavailable, assistance with nearby temporary lodging. Fisher House Southern California supports five Fisher Houses across four Southern California locations, helping reduce the financial burden of travel and lodging so families can focus on healing. Read the original story here: https://www.24-7pressrelease.com/press-release/537694/fisher-house-southern-california-named-2026-san-diego-business-impact-awards-honoree Press Release Service and Press Release Distribution by 24-7 Press Release Newswire Looking for Local Media Coverage in the United States of America? New Jersey News Today has a place for all 50 States at the State News Network