Job Location: Jersey City, NJ
Your Impact
You will contribute to the firm’s risk management, financial risk controls, and the internal methodology of assessing the credit quality of clients. Specifically, you will have the chance to:
- Develop predictive and classifying models for the credit events (e.g. defaults) of clients and their financial obligations;
- Study large sets of data by using and designing techniques ranging from natural language processing to dynamic programming;
- Design efficient numerical algorithms and implement high performance computing solutions;
- Use a wide range of modern statistical techniques pertaining to classifying problems, time series forecasting, clustering and dimensionality reduction methods;
- Assess the appropriateness of quantitative models and their limitations, identifying and monitoring the associated model risk;
- Prepare presentable material to key stakeholders (e.g. business) and produce high quality documentation for internal review and the regulators.
Requirements:
- Advanced degree (PhD, MS or equivalent) in a quantitative field: Mathematics, Statistics, Physics, Econometrics, Computer Science, Data Science, Machine Learning, Operations Research, or Engineering;
- Solid theoretical and practical knowledge of probability, statistical methods (e.g. logistic regression), time series analysis;
- Data mining background and experience (e.g. clustering, decision trees);
- Proficiency in Python/pandas or R;
- Verifiable experience in writing technical documents.
Desirable skills:
- Experience in dealing with sizable datasets (parallel processing, code optimization);
- Familiarity with tools and methods of exploratory data analysis and visualization (sklearn, Jupyter);
- Knowledge of Fixed Income markets, in particular credit products and models;
- Familiarity with regulatory capital frameworks (Basel III, CCAR);
- Experience in technical writing demonstrated by academic publications or industry experience.
JPMorgan Chase & Co., 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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the “WELL Health-Safety Rating” for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm’s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm’s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
Equal Opportunity Employer/Disability/Veterans
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