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- Tasks: Analyse and enhance complex pricing models in a dynamic team environment.
- Company: Join a leading global firm in model risk management with a collaborative culture.
- Benefits: Competitive salary, professional development, and exposure to major financial hubs.
- Why this job: Make a real impact on critical decision-making processes in finance.
- Qualifications: Strong analytical skills and proficiency in programming languages like C/C++ and Python.
- Other info: Work alongside top professionals and gain valuable experience in model risk governance.
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 Associate in the Model Risk Governance and Review team, you will play a crucial role in reviewing equity 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.
- 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.
- Experience with derivatives.
Model Risk Associate employer: Jpmorgan Chase & Co.
Contact Detail:
Jpmorgan Chase & Co. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Risk Associate
✨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 option pricing theory. We recommend practising common interview questions and scenarios related to model risk.
✨Tip Number 3
Showcase your analytical skills during interviews. Be ready to discuss past projects where you tackled complex problems, especially those involving Monte Carlo methods or numerical analysis.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Model Risk Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Model Risk Associate role. Highlight your experience with probability theory, stochastic processes, and any relevant programming skills. We want to see how your background aligns with what we're looking for!
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 skills can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: In your application, don’t forget to showcase your analytical and problem-solving abilities. Give examples of how you've tackled complex problems in the past, especially if they relate to quantitative models or derivatives.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come directly from our site!
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 equity derivatives models you'll be discussing. Brush up on your knowledge of option pricing theory and quantitative models, as well as any relevant numerical methods. Being able to confidently explain these concepts will show your expertise and enthusiasm for the role.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical and problem-solving abilities during the interview. Think of specific examples from your past experiences where you've successfully tackled complex problems or improved processes. This will help illustrate your capability to contribute to model risk governance effectively.
✨Communicate Clearly and Effectively
Since you'll be liaising with various teams, strong communication skills are essential. Practice explaining complex concepts in simple terms, as this will be crucial when discussing model risks with non-technical stakeholders. Clear communication can set you apart from other candidates.
✨Emphasise Teamwork and Collaboration
Highlight your teamwork-oriented mindset by sharing experiences where you've collaborated with others to achieve a common goal. The role involves working closely with model developers and trading desks, so showcasing your ability to work well in a team will resonate well with the interviewers.
