JPMorgan Associate II - Prime Brokerage Asset Servicing Middle Office 

United States, New Jersey, Jersey City 

942191835

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
• Document the model review findings and communicate them to stakeholders
• Liaises with model developers, Risk and Valuation Control Groups and provide guidance on model risk
• Evaluates model performance on a regular basis

Required qualifications, capabilities, and skills

• Minimum of a Master's degree in Quantitative Finance, Mathematics, Physics or a related discipline
• 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
• Good coding skills, for example in C/C++ or Python
• Inquisitive nature with excellent communication skills
• Teamwork-oriented mindset

Preferred qualifications, capabilities, and skills

• Experience with pricing derivatives
• Experience in a front office or model risk quantitative role