Quant Modeling - Associate/Vice President
- Vibhuti Insurance
- 3 to 7 Yrs
- Maharashtra
- 5 days ago
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Job Description
- Are you seeking an exciting opportunity to be a part of a dynamic and expanding team in a fast-paced and challenging environment Join us as a Quant Modelling Associate in the Risk Management and Compliance team at JPMorgan Chase. In this role, you will contribute significantly to upholding the strength and resilience of our organization by proactively identifying emerging risks and leveraging your expertise to address challenges that impact our company, customers, and communities. As a member of the Model Risk Governance and Review (MRGR) team, you will be responsible for conducting independent model review and governance activities to effectively manage Model Risk. Your primary responsibilities will include: - Conducting thorough model review to assess the conceptual soundness of model specifications, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and adequacy of performance metrics and risk measures. - Performing independent testing of models through replication or creation of benchmark models. - Designing and executing experiments to evaluate the potential impact of model limitations, parameter estimation errors, and deviations from model assumptions. - Documenting model review findings and effectively communicating them to stakeholders. In addition to model review, you will also be involved in model governance by: - Serving as the initial point of contact for model governance inquiries related to your designated coverage area and ensuring timely escalation and resolution of issues. - Providing guidance on the appropriate utilization of models to model developers, users, and other stakeholders within the organization. - Staying informed about ongoing performance testing outcomes for models in the coverage area and communicating these outcomes to stakeholders. - Maintaining the model inventory and metadata for the coverage area. - Keeping abreast of the latest developments in the coverage area including products, markets, models, risk management practices, and industry standards. To qualify for this role, you should possess: - A PhD or Masters degree in a quantitative discipline such as Math, Physics, Engineering, Computer Science, Economics, or Finance. - Proficiency in probability theory, stochastic processes, statistical/economic modeling, partial differential equations, and numerical analysis. - Understanding of options and derivative pricing theory and risks. - Proficiency in programming languages such as Python, R, Matlab, C++, or others. - A risk and control mindset with the ability to ask critical questions, assess the significance of model issues, and escalate concerns appropriately. - Strong communication skills to engage with front office traders and various functional areas within the organization on model-related matters and to prepare documents for internal and external (regulatory) purposes. - Excellent analytical and problems-solving capabilities. If you are passionate about quantitative modeling and risk management and possess the required qualifications and skills, we invite you to join our team and contribute to our ongoing success.,
Employement Category:
Employement Type: Full timeIndustry: BFSIRole Category: Not SpecifiedFunctional Area: Not SpecifiedRole/Responsibilies: Quant Modeling - Associate/Vice PresidentContact Details:
Company: Chase- CandidateLocation(s): Maharashtra+ View Contact
Keyskills: Python R Matlab C Stochastic Processes Statistical Modeling Economic Modeling Partial Differential Equations Numerical Analysis Risk Management
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