JPMorgan Analyst – Forecasting Models Model Risk Governance & Review 

India, Karnataka, Bengaluru 

946676254

Job responsibilities:

• 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.
• Minimum 0 – 2 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.
• Prior experience in financial products/markets and regulatory stress testing (CCAR/ICAAP).