Job Title Quantitative Research Senior Associate in Wholesale Credit Risk Quantitative Research
Job Description:
Help strengthen how we measure and manage risk in cleared derivatives. You will build quantitative models and tools that assess central counterparty margin adequacy and support counterparty credit risk management. Working with partners across controls and technology, you will take research into practical, production-ready solutions. Your work will directly inform risk frameworks and governance.
Job summary:
As a Quantitative Research Senior Associate in Wholesale Credit Risk Quantitative Research, you will develop models and tools that assess central counterparty margin adequacy and support counterparty credit risk management for cleared derivatives. You will collaborate with a team that values strong partnerships, thoughtful analysis, and clear communication. You will work closely with risk governance and control partners to support a well-managed model lifecycle. You will engage technology partners to help deliver scalable, production-ready solutions.
Job responsibilities:- Develop expertise in quantitative topics related to central counterparties and cleared derivatives
- Create models and tools to assess the adequacy of margin requirements for cleared derivatives
- Develop and enhance models and toolsets that evaluate the effectiveness of counterparty risk frameworks
- Build statistical models and analytics to assess and manage counterparty credit risk
- Partner with risk governance and control teams to support model oversight and ongoing reviews
- Collaborate with technology partners to implement, test, and deploy production-ready models and tools
- Document assumptions, methodologies, and limitations clearly to support transparency and re-use
- Communicate findings and recommendations in a clear, logical way to technical and non-technical stakeholders
- Required qualifications, capabilities, and skills
- Doctorate or master's degree (or equivalent) in financial engineering, operations research, statistics, mathematics, computer science, economics, or a related field 3 years of experience in quantitative research, quantitative strategy, or a closely related quantitative role
- Proficiency in Python for model development and data analysis
- Strong understanding of cleared derivatives and risk management methodologies, including value at risk and stress testing, across asset classes
- Excellent verbal and written communication skills, with the ability to articulate analysis clearly and logically
- Demonstrated attention to detail and the ability to deliver across multiple time-sensitive timelines
- Strong risk and control mindset and a track record of effective cross-team partnership
- Preferred qualifications, capabilities, and skills
- Proficiency in R in addition to Python
- Experience assessing central counterparty margin methodologies and margin adequacy
- Experience developing or enhancing counterparty credit risk models for derivatives
- Experience deploying analytical models into production environments in partnership with engineers
- Familiarity with model governance expectations, documentation, and ongoing monitoring practices
- Experience working with cleared products across multiple asset classes
About Us:
JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, 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. JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team:
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
