JPMorgan Chase & Co.
Location
Jersey City, NJ | United States
Job description
DESCRIPTION:
Duties: Perform model validation, provide guidance on a model’s appropriate usage, evaluate ongoing model performance monitoring, ensure that model users are aware of model strengths and limitations, and develop model risk policies and procedures. Conduct validation of models related to credit risk of credit card portfolio, including forecasting and scorecard models. Evaluate model specifications, reliability of model inputs, accuracy of implementation, suitability and comprehensiveness of model performance metrics, and risk measures associated with model usages. Design and perform independent testing, including theoretical derivation, empirical data analysis, and benchmark model development for credit card portfolio. Design and evaluate model risk measurement. Identify model risks and issues, quantify the potential impacts, and assess the corresponding compensating controls. Responsible for model review projects and provide guidance to junior teammates. Document review findings and write review reports. Communicate review findings to model developers and work with model developers to establish action plans and corresponding timelines. Address requests from internal/external auditors and regulators.
QUALIFICATIONS:
Minimum education and experience required: PhD degree in Industrial Engineering, Mathematics, Statistics, Data Analytics, Operational Research, or related field of study plus 2 years of experience in the job offered or as Quantitative Modeler, Quantitative Analytics Specialist, Quantitative Analyst, or related occupation. The employer will alternatively accept a Master’s degree in Industrial Engineering, Mathematics, Statistics, Data Analytics, Operational Research, or related field of study plus 4 years of experience in the job offered or as Quantitative Modeler, Quantitative Analytics Specialist, Quantitative Analyst, or related occupation.
Skills Required: Requires experience in the following: Credit product portfolios such as Credit Cards, Mortgage, or Auto Loans; Logistic regressions; Linear regressions; Machine learning; Time series analysis; R; Python; SQL; Financial risk modeling; Model development or validation.
Job Location: 545 Washington Boulevard, Jersey City, NJ 07310. Telecommuting permitted up to 40% of the week.
Full-Time. Salary: $194,000.00-$210,000.00 per year.
JPMorgan Chase & Co., 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 is an Equal Opportunity Employer, including Disability/Veterans
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