Risk Management - Quant Modeling Lead - Vice President
On-site · New York City, New York, United States
New York City, New York, United StatesOn-siteFull TimeSenior LevelDoctorate Or Professional DegreeInvestment BankingEnterprise
Type
Full Time
Level
Senior Level
Education
Doctorate Or Professional Degree
Company size
Enterprise
Industry
Investment Banking
Job Summary
Lead Quant Modeling within JPMorganChase Risk Management – Vice President level. Responsible for assessing and mitigating risks of complex models used for valuation, risk measurement, capital calculation, and decision-making. Develop benchmarks, performance metrics, oversee model governance, mentor junior team members, and collaborate with model developers, Risk, and Valuation Control Groups.
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, with demonstrated ability to apply these concepts to financial modeling and risk assessment.
- Deep understanding of option pricing theory and quantitative models for pricing and hedging derivatives, including familiarity with stochastic calculus and risk-neutral valuation.
- Strong analytical and problem-solving skills, with an inquisitive mindset and the ability to formulate insightful questions, identify model limitations, and escalate issues appropriately.
- Excellent written and verbal communication skills, with the ability to clearly explain complex quantitative concepts to both technical and non-technical stakeholders.
- Proficient programming skills in languages such as C/C++, Python, or similar, with experience implementing numerical algorithms and developing model prototypes.
- Demonstrated curiosity and ownership, with a strong willingness to work collaboratively within a team-oriented environment.
- Extensive experience in front office model development or in model review, validation, and governance within financial services, with a strong understanding of credit, interest rate, and equity pricing models.
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