Investment Risk & Analytics - Quant Modeling Sr. Associate

Job Description

Wealth Management (WM) Investment Risk & Analytics (IR&A) is responsible for the risk oversight of the Managed Strategies from end to end across the WM's Private Bank and Consumer Bank businesses. Managed Strategies included JPMorgan's own proprietary products and third-party funds to include registered funds, exchange traded notes (ETNs), exchange traded funds (ETFs), separately managed accounts, hedge funds, and private equity and real estate funds, etc.

We are looking for individuals who can partner with senior members of our team to oversee business activities, models and methodologies related to investment risk. with an emphasis on developing new tools and methodologies that will aid in risk quantification.

Job Responsibilities

• Design, develop, and deploy advanced AI / ML models to derive actionable insights, automate processes, and facilitate strategic decision-making across various business units.
• Collaborate with teams to design and oversee the end-to-end lifecycle of AI / ML initiatives – from problem scoping, data engineering, model development, validation, deployment, to monitoring.
• Lead the model development process, including tasks such as data wrangling / analysis, model training, testing, and selection.
• Conduct risk modeling, scenario analysis, and business impact evaluations to ensure AI / ML solutions are robust, ethical, and aligned with organizational goals.
• Drive experimentation with advanced techniques such as deep learning, generative AI (e.g., LLMs, GANs), and reinforcement learning to solve complex business challenges and create value.
• Utilize advanced statistics, econometrics and mathematical skills including graph theory applications, probability theory, stochastic calculus, Monte Carlo simulation, numerical analysis, optimization techniques and time series analysis.
• Collaborate with Technology on model testing, implementation, and production.
• Provide mentorship and oversight for junior data scientists to build a collaborative working culture.
• Deliver written, visual, and oral presentation of modeling results to business and technical stakeholders.
• Stay abreast of emerging trends and research in AI and machine learning, and assess their potential application within the organization.
• Contribute to continuous innovation and improvement in the efficiency and effectiveness of processes within the asset-class group, including discussions on overall team strategy.
• Represent risk analytics in governance forums, risk committees, and audit discussions.
• Work with risk managers and other stakeholders to address requests for additional analysis based on specific needs.
• Participate in regulatory and validation exams by providing documentation and responses to regulators and internal validators.
• Partner with non-credit risk groups to identify and understand the simultaneous impact of multiple risks, such as product, fiduciary, counterparty, concentration, ESG / climate, liquidity, and their effect on investments.

Required Qualifications, Capabilities, And Skills

ABOUT US

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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.

About The Team

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.

Skills Required

Time Series Analysis, probability theory, Tableau, graph theory, Econometrics, Deep Learning, Numpy, Pytorch, Data Science, Numerical Analysis, Python, Ml, stochastic calculus, Transformers, Power Bi, Ai, Pandas, Optimization Techniques, monte carlo simulation