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About the Role

As a Model Risk Analyst/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.

Responsibilities

Analyse the conceptual soundness of complex pricing models and reserve methodologies.
Develop and implement alternative benchmark models.
Liaise with model developers, trading desks, and risk professionals to provide guidance on model risk and usage.
Serve as the first point of contact for the coverage area.

Requirements

Excellence in probability theory, stochastic processes, statistics, and numerical analysis.
Strong understanding of option pricing theory and quantitative models for derivatives.
Experience with numerical methods such as Monte Carlo and PDE.
Strong analytical and problem-solving abilities.
Proficiency in Python and C++ programming.
Inquisitive nature with excellent communication skills.
Teamwork-oriented mindset.
Experience with equity derivatives.

Skills

Python
C++

Location

New York
London
Mumbai
Paris
Hong Kong

Work Type

Full-time

Experience Level

Associate

Education Level

MSc or equivalent in a relevant field.

About the Company

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.
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.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment.
The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness.
Risk Management provides independent oversight and maintains an effective control environment.

Equal Opportunity

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.