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JP Morgan Chase

Runs a consumer bank and an investment bank

Resolution & Recovery Model Development Senior Associate

Quantitative RiskConfirmed live in the last 24 hours
Full-timeNew York, NY, USA$109.3k - $150k

About the Job

Requirements

  • At least 4 years of experience in model development, review, or analytics.
  • An advanced degree in Economics, Finance, Science, Accounting, or a related field.
  • Hands-on experience with model lifecycle activities, including model selection criteria, assumption justification, sensitivity testing, implementation support, documentation, and control discipline.
  • Ability to prioritize work across multiple models and deliverables.
  • Ability to solve problems independently and organize work.
  • Ability to explain detailed modeling methodologies to Model Risk and summarize approaches and key information for senior management.
  • Comfort with detailed independent analysis and coordinating inputs from others.

Responsibilities

  • Develop and enhance models within the CIB Recovery & Resolution model suite.
  • Design packaging and unwind methodologies with stakeholders across markets and risk.
  • Quantify liquidation costs, liquidity effects, and risk-weighted asset outcomes under stress scenarios.
  • Produce model documentation that meets detail and control standards.
  • Explain methodologies, limitations, findings, and solutions to Model Risk and senior management through regular updates and presentations.
  • Challenge assumptions and improve the framework through sensitivity testing, benchmarking, and structured problem-solving.
  • Serve as a primary point of contact for Model Risk and support model oversight and governance.
  • Collaborate with technology and change partners to implement and sustain model enhancements in production.

Desired Qualifications

  • Experience in derivatives pricing, securities, secured funding, market or counterparty risk, or valuations.
  • Technical skills including Python, SQL, or Snowflake.

About the Company

JP Morgan Chase

Runs a consumer bank and an investment bank

JPMorgan Chase runs the largest bank in the United States, which serves households and small businesses as Chase and large companies, governments, and investors as J.P. Morgan. During the 2008 financial crisis it bought the failing investment bank Bear Stearns and lender Washington Mutual, and in 2023 it took over First Republic Bank after regulators seized it. Chase takes deposits and earns interest on credit cards, mortgages, and car loans, while the investment side earns fees for advising on mergers, raising money for companies, trading stocks and bonds, and managing wealth. Formed in a 2000 merger, JPMorgan Chase traces its roots to 1799 and is based in New York City.

Company size
10,001+
Company stage
IPO
Headquarters
New York City, New York
Founded
1799

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