Quant Model Risk Vice President - Rates at JPMC Candidate Experience page

London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

23 Apr, 26

Salary

0.0

Posted On

23 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Model Risk Management, Quantitative Analysis, Probability Theory, Stochastic Processes, Statistics, Partial Differential Equations, Numerical Analysis, Option Pricing Theory, C/C++, Python, Communication Skills, Model Performance Evaluation, Mentoring, Model Benchmarking, Risk Assessment, Business Liaison

Industry

Financial Services

Description

We are looking for a new member to join our Interest Rates team in the Model Risk Governance and Review Group which is responsible for end-to-end model risk management across the firm. As a Quant Model Risk Vice President in the Interest Rates team, you will assess and help mitigate the model risk of complex models used in the context of valuation and risk measurement for Interest Rate derivatives. Additionally, you will have an opportunity for exposure to a variety of business and functional area as well as will work closely with model developers and users. You will also have managerial responsibility to oversee, train and mentor junior members of the team. Job responsibilities Carries out model reviews: analyze conceptual soundness of complex pricing models, engines, and reserve methodologies; assess model behavior and suitability of pricing models/engines to particular products/structures Provides guidance on model usage and act as first point of contact for the business on all new models and changes to existing models Develop and implement alternative model benchmarks and compare the outcome of various models; Design model performance metrics Liaises with model developers, Risk and Valuation Control Groups and provide guidance on model risk Evaluates model performance on a regular basis Manage and develop junior members of the team. Required qualifications, capabilities, and skills We are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role. 5+ years of experience in a FO or model risk quantitative role. Excellence in probability theory, stochastic processes, statistics, partial differential equations, and numerical analysis MSc, PhD or equivalent in a quantitative discipline Inquisitive nature, ability to ask right questions and escalate issues Excellent communication skills (written and verbal) Good understanding of option pricing theory (i.e. quantitative models for pricing and hedging derivatives) Good coding skills, for example in C/C++ or Python Preferred qualifications, capabilities, and skills The following additional items will be considered but are not required for this role Experience with interest rates derivatives J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives. 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. Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

Responsibilities

The role involves assessing and mitigating model risk for complex models related to Interest Rate derivatives. Additionally, the candidate will manage and mentor junior team members while providing guidance on model usage.