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- Tasks: Analyse complex pricing models and enhance model risk governance.
- Company: Join J.P. Morgan, a global leader in financial services.
- Benefits: Diverse work environment, competitive salary, and opportunities for growth.
- Why this job: Make a real impact in model risk management and drive innovation.
- Qualifications: Strong analytical skills and proficiency in C/C++ and Python required.
- Other info: Collaborate with top professionals in a dynamic, inclusive team.
The predicted salary is between 36000 - 60000 £ per year.
Are you ready to make a significant impact in the world of model risk management? At Model Risk Governance and Review Group (MRGR), we are at the forefront of assessing and mitigating model risks across the globe. With a presence in major financial hubs like New York, London, Mumbai, and Paris, our team collaborates with top professionals in Risk, Finance, and Model Development. This is your chance to work in a dynamic environment, gain exposure to various business areas, and contribute to critical decision-making processes.
As a Model Risk Analyst/Associate in the Model Risk Governance and Review team, you will play a crucial role in reviewing credit derivatives models and enhancing model risk governance. You will collaborate with model developers, trading desks, and risk professionals to ensure the soundness and suitability of complex pricing models. Together, we will drive innovation and maintain robust model risk controls.
Job responsibilities:
- Analyze the conceptual soundness of complex pricing models and reserve methodologies.
- Develop and implement alternative model benchmarks and performance metrics.
- Liaise with model developers, trading desks, and risk professionals to provide guidance on model risk and usage.
- Maintain model risk control apparatus and serve as the first point of contact for the coverage area.
Required qualifications, capabilities, and skills:
- Excellence in probability theory, stochastic processes, statistics, and numerical analysis.
- Strong understanding of option pricing theory and quantitative models for derivatives.
- Experience with Monte Carlo and numerical methods.
- Strong analytical and problem-solving abilities.
- MSc or equivalent in a relevant field.
- Proficiency in C/C++ programming and Python.
- Inquisitive nature with excellent communication skills.
- Teamwork-oriented mindset.
Preferred qualifications, capabilities, and skills:
- Experience with credit derivatives.
Quant Model Risk Analyst/Associate in City of London employer: JPMorgan Chase & Co.
Contact Detail:
JPMorgan Chase & Co. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quant Model Risk Analyst/Associate in City of London
✨Tip Number 1
Network like a pro! Reach out to professionals in the model risk management field on LinkedIn or at industry events. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of quantitative models. We recommend practising common interview questions related to probability theory and option pricing to show off your expertise.
✨Tip Number 3
Showcase your teamwork skills! During interviews, share examples of how you've collaborated with others to solve complex problems. This will highlight your ability to work effectively with model developers and trading desks.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at J.P. Morgan.
We think you need these skills to ace Quant Model Risk Analyst/Associate in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Quant Model Risk Analyst/Associate role. Highlight your skills in probability theory, statistics, and programming languages like C/C++ and Python. We want to see how your experience aligns with the job description!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about model risk management and how your background makes you a great fit for our team. Let us know what excites you about working at J.P. Morgan.
Showcase Your Analytical Skills: In your application, be sure to showcase your analytical and problem-solving abilities. Mention any relevant projects or experiences where you've tackled complex pricing models or developed performance metrics. We love seeing real examples!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at JPMorgan Chase & Co.
✨Know Your Models Inside Out
Make sure you have a solid grasp of the complex pricing models and reserve methodologies mentioned in the job description. Brush up on your knowledge of option pricing theory and quantitative models for derivatives, as these will likely come up during the interview.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with Monte Carlo simulations and numerical methods. Be ready to provide examples of how you've applied these techniques in past projects or studies, demonstrating your strong analytical and problem-solving abilities.
✨Communicate Effectively
Since collaboration is key in this role, practice articulating your thoughts clearly. Think about how you would explain complex concepts to model developers or trading desks. Good communication skills can set you apart from other candidates.
✨Demonstrate Team Spirit
Highlight your teamwork-oriented mindset during the interview. Share experiences where you successfully collaborated with others, especially in high-pressure situations. This will show that you can thrive in a dynamic environment like the one at J.P. Morgan.
