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Quantitative Modeling Job at JPMorgan Chase & Co., Plano, TX

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  • JPMorgan Chase & Co.
  • Plano, TX

Job Description

Job Description

DESCRIPTION:

Duties: Develop portfolio risk models using econometric methodology utilizing loan level forecasting methods to support stress testing and business planning exercises. Prepare summaries and presentations of intricate econometric and statistical models used for credit forecasting and regulatory purposes. Review and vet model results to ensure accurate and error free reporting to business partners. Perform analysis and reporting regarding model performance, trends and provide recommendations to assist in business decision making. Develop variance analysis using capital and loss forecast model outputs based on portfolio trends, planned business actions and model components/assumptions. Partner with other quantitative modeling teams to provide vision, business intuition, and build best-in-class models and analytical frameworks for forecasting risk weighted assets. Support Capital Forecast model stress testing including CCAR, CECL, and BASEL. Test, validate and perform outcome analysis to challenge existing and new models and assumptions. Identify model issues and limitations and explain findings to key stakeholders. Provide thought leadership to complex business problems by guiding and challenging the modeling apparatus or status quo.


QUALIFICATIONS:

Minimum education and experience required: Master’s degree in Statistics, Operations Research, Mathematics, Finance, Financial Engineering, or related field of study plus 2 years of experience in the job offered or as Quantitative Modeling, Quantitative Analyst, Quantitative Research Analyst, Research Assistant, or related occupation.

Skills Required: Requires experience in the following: Mathematical Finance; Life-cycle Finance; Constrained Optimization in Economics; Numerical Methods; Data- intensive Analysis; Statistical Modeling; Coding in MATLAB or Python; and Advanced Quantitative Research in Finance. Experience and skills may be gained through graduate-level coursework.

Job Location: 8181 Communications Pkwy., Plano, TX 75024. Telecommuting permitted up to 40% of the week.

About Us

Chase is a leading financial services firm, helping nearly half of America’s households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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.

Equal Opportunity Employer/Disability/Veterans

About the Team

Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We’re proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions – all while ranking first in customer satisfaction.

Job Tags

Remote job,

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