Risk Management - Investment Risk & Analytics - 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 Senior Associate in Risk Management - Investment Risk & Analytics, you will oversee the risk management of Managed Strategies across the Private Bank and Consumer Bank sectors of WM. Your responsibilities will encompass JP Morgan's proprietary products, third-party funds, exchange traded notes (ETNs), exchange traded funds (ETFs), separately managed accounts, hedge funds, and private equity and real estate funds. Collaborating with senior team members, you will supervise business activities, models, and methodologies related to Investment Risk, with a focus on creating innovative tools and methodologies for risk quantification.
Job responsibilities:

• Perform analysis including model recalibrations, back-tests, stress tests, scenario and sensitivity analysis.
• Utilize advanced statistics, econometrics and mathematical skills including graph theory applications, probability theory, stochastic calculus, Monte Carlo simulation, numerical analysis, optimization techniques and time series analysis.
• Focus on development and enhancement of machine learning algorithms to solve problems like generalized outlier identification.
• Leverage knowledge of stochastic calculus, algorithms to develop and study effect of simultaneous multiple Stress scenarios and their impact on investments.
• Contribute toward the continuous innovation and improvement in efficiency and effectiveness of processes within the asset-class group, including discussion of overall team strategy.
• Represent risk analytics in governance forums, risk committees, and audit discussions.
• Work with Technology on model testing, implementation, and production.
• Work with risk managers and other stakeholders to address their requests for additional analysis based on specific needs as they arise.
• Participate in Regulatory and validation exams by providing documentation and responses to regulators and internal validators.
• Partner with other Risk groups to identify and understand simultaneous impact of multiple risks such as product, fiduciary, counterparty, concentration, ESG/ climate, liquidity and their impact on investments.

Required qualifications, capabilities, and skills

• Bachelor's degree/Master's degree in Applied Mathematics, Mathematics, Computer Science, Financial Engineering, or a related quantitative field.
• Knowledge and hands-on experience in Python is required
• At least 5 years' in Financial Services, with at least 3 years related to quantitative risk/ modeling.
• Experience in AI, ML, NLP, Big Data Analytics.
• Have experience with investment products including fixed income, equity, and mutual funds
• Experience and knowledge of global markets with hands on experience on tools like Bloomberg and Morningstar
• Strong quantitative skills and ability to work with diverse cultures in a global team.
• Foundational mathematical concepts, including continuity, differentiability, Taylor formulas, differential equations, integration, measure theory, linear algebra, discrete and continuous probabilities, Markov chains, regression.
• Monte Carlo simulations, backward induction, and other numerical methods to solve partial differential equations.
• Development of pricing models using financial mathematics principles, including stochastic calculus and no-arbitrage pricing theory.

Preferred qualifications, capabilities, and skills

• Tableau is an advantage

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 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.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.