Model Risk - Quant Modeling Lead - Vice President
On-site · New York City, New York, United States
Job Summary
Lead Quant Modeling within JPMorgan Chase's Model Risk Governance and Review team to assess and mitigate risks in complex models used for valuation, risk measurement, capital calculation, and decision-making. Oversee, train, and mentor junior team members; perform thorough reviews of credit, interest rate, and equity pricing models, including valuation engines and reserve methodologies; evaluate model behavior and compliance with internal and regulatory standards; design and maintain robust model performance metrics; serve as primary business liaison for new model implementations and changes; collaborate with model developers, Risk, and Valuation Control Groups to ensure governance and soundness of models.
Required Qualifications
- Advanced degree (MSc, PhD, or equivalent) in mathematics, statistics, financial engineering, or related field
- Advanced knowledge of probability theory, stochastic processes, statistics, partial differential equations, and numerical analysis
- Deep understanding of option pricing theory and quantitative models for pricing and hedging derivatives
- Strong analytical and problem-solving skills
- Excellent written and verbal communication skills
- Proficient programming skills in languages such as C/C++, Python
- Demonstrated curiosity and ownership, team-oriented
- Extensive experience in front office model development or in model review, validation, and governance within financial services
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