Risk Management - Wholesale Credit Risk Quantitative Developer - 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 Quantitative Developer Associate within our Wholesale Credit Quantitative Research Model Implementation Team, you will be part of a mission to design, implement and deliver quantitative models to support the firm's wholesale Credit Stress (CCAR, ICAAP, Risk Appetite, Legal Entity Risk) and Loan Loss Reserve (CECL, IFRS9) models. You will focus on design and implementation of calculation framework and related tools to enhance ease of integration of pricing and forecasting models, improve flexibility and extendibility of the framework as well as improve scalability and performance. This role will provide you with the opportunity to work with model developers, model governance and the wholesale credit business partners, enhancing your quantitative, coding, as well as business skills.
Job Responsibilities

• Design, Implement and Maintain JP Morgan's wholesale credit models - Stress Testing (CCAR, ICAAP, Risk Appetite) and Credit Reserve (CECL, IFRS9) regulatory requirements to assess portfolio health
• Implement high performance optimized computing solutions and designs
• Implement efficient numerical algorithms using Python libraries
• Build object-oriented programs for Risk Analytics and integrate new models into the Firmwide Forecasting Framework
• Perform analysis and debugging for counter-intuitive observations in model forecasts
• Prepare technical documentation - review, implementation and testing
• Perform peer code reviews to improve the efficiency and robustness of the forecasting framework
• Partner with model developers and business during the implementation, testing and operationalization of the forecasting processes
• Present regular updates to senior management and modelers regarding latest development in the forecasting libraries implementation
• Manage project deliverables, bug fixes and new feature roll-out for ongoing model development.

Required qualifications, capabilities and skills

• Master's Degree on a quantitative program (Math, Physics, Computer Science or Engineering) or commensurate management related job experience
• Advanced Object-Oriented Programming skills using Python, with working knowledge of common libraries including numpy and pandas
• Experience implementing analytics frameworks. Experience with source control automated build/test systems, code coverage, unit testing and release processes
• Knowledge of issue and bug tracking systems such as JIRA
• Understanding of system design and multi-process program design
• Knowledge of Data Structures and Program Design Techniques
• Knowledge of Statistical Modeling and Monte Carlo simulation

Preferred qualifications, capabilities and skills

• Knowledge of Unix Systems and Scripting
• Ability to work with large datasets and working knowledge of database systems and SQL
• Knowledge of distributed computing
• Knowledge of Wholesale Credit, CCAR, Allowance (IFRS 9/CECL), Basel II/III regulatory capital
• Proven ability to develop collaborative relationships with key internal partners to achieve objectives and prioritizations

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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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
As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase 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. We also take great pride in on our commitment to operating with integrity and discipline in all that we do. If you are a team player, are solutions-oriented and have an appetite for learning, you'll be a great fit for our team.