JPMorgan MRGR Forecasting Models- Analyst/Associate 

India, Karnataka, Bengaluru 

834254486

Being part of the MRGR team will put you at the center of the firm’s model validation and governance activities with exposure to a wide variety of model types and cutting edge modeling techniques, while frequently interacting with the best and brightest in the firm. You will expand your knowledge of the different forecasting models used in the firm, their unique limitations, and use that knowledge to help shape business strategy and protect the firm.

Job Description

• Set standards for robust model development practices and enhance them as needed to meet evolving industry standards
• Evaluate adherence to development standards including soundness of model design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics
• Identify weaknesses, limitations, and emerging risks through independent testing, building of benchmark models, and ongoing monitoring activities
• Communicate risk assessments and findings to stakeholders, and document in high quality technical reports
• Assist the firm in maintaining (i) appropriateness of ongoing model usage, and (ii) the level of aggregate model risk within risk appetite

Required Skills, Experience and Qualifications:

• A Ph.D. or Master’s degree in a quantitative field such as Math, Physics, Engineering, Economics or Finance is required
• 1 – 4 years of experience in a quantitative or modeling role.
• Strong communication skills verbally and particularly in writing, with the ability to interface with other functional areas in the firm on model-related issues and write high quality technical reports
• Experience with large data sets is required
• Proficiency in Python, R, or equivalent
• Deep understanding of statistics / econometrics

Preferred Skills, Experience and Qualifications

• Prior experience in mortgage or CRE risk model development or validation is a plus
• Prior experience in financial products/markets and regulatory stress testing (CCAR/ICAAP) is a plus