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4.1

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739 JPMorgan Chase & Co. Jobs

Analyst - Forecasting Models, Model Risk Governance & Review

0-2 years

₹ 6.5 - 26L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Bangalore / Bengaluru

1 vacancy

Analyst - Forecasting Models, Model Risk Governance & Review

JPMorgan Chase & Co.

posted 9d ago

Job Description

Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view
As as Analyst - Forecasting Models, Model Risk Governance & Review in Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class MRGR is a global team of modeling experts within the firm s Risk Management and Compliance organization. The team is responsible for conducting independent model validation and model governance activities to help identify, measure, and mitigate Model Risk in the firm. The objective is to ensure that models are fit for purpose, used appropriately within the business context for which have been approved, and that model users are aware of the model limitations and how they could impact business decisions. Being part of the MRGR team will put you at the center of the firm s model validation and governance activities with exposure to a wide variety of model types and cutting edge modeling techniques, while frequently interacting with the best and brightest in the firm. You will expand your knowledge of the different forecasting models used in the firm, their unique limitations, and use that knowledge to help shape business strategy and protect the firm.
Job responsibilities:
  • Set standards for robust model development practices and enhance them as needed to meet evolving industry standards
  • Evaluate adherence to development standards including soundness of model design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics
  • Identify weaknesses, limitations, and emerging risks through independent testing, building of benchmark models, and ongoing monitoring activities
  • Communicate risk assessments and findings to stakeholders, and document in high quality technical reports
  • Assist the firm in maintaining (i) appropriateness of ongoing model usage, and (ii) the level of aggregate model risk within risk appetite
Required Skills, Experience and Qualifications:
  • A Ph.D. or Master s degree in a quantitative field such as Math, Physics, Engineering, Economics or Finance.
  • Minimum 0 - 2 years of experience in a quantitative or modeling role.
  • Strong communication skills verbally and particularly in writing, with the ability to interface with other functional areas in the firm on model-related issues and write high quality technical reports
  • Experience with large data sets is required
  • Proficiency in Python, R, or equivalent
  • Deep understanding of statistics / econometrics
Preferred Skills, Experience and Qualifications
  • Prior experience in mortgage or CRE risk model development or validation.
  • Prior experience in financial products/markets and regulatory stress testing (CCAR/ICAAP).

Employment Type: Full Time, Permanent

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What people at JPMorgan Chase & Co. are saying

4.3
 Rating based on 183 Analyst reviews

Likes

Salary work-life balance all are a given in this company. If you work here with a great manager you don't need to switch at least for nest 5 year. no day will be mundane.

Dislikes

IJP is now a tool just to retain employees who are leaving, i would want less on the current manager's involvement in movement, as they try to hinder it by influence to ensure only they have a good employee. IJP is intended for learning new skills but unfortunately that is failing.

Read 183 reviews

Analyst salary at JPMorgan Chase & Co.

reported by 2.5k employees
₹6.3 L/yr - ₹25 L/yr
121% more than the average Analyst Salary in India
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What JPMorgan Chase & Co. employees are saying about work life

based on 5.7k employees
65%
88%
76%
73%
Flexible timing
Monday to Friday
No travel
Day Shift
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JPMorgan Chase & Co. Benefits

Submitted by Company
Employee Programs
Wellness Programs
Health Care and Insurance Plans
Family Care
Retirement Savings Programs
Submitted by Employees
Free Transport
Cafeteria
Health Insurance
Soft Skill Training
Job Training
Work From Home +6 more
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JPMorgan Chase & Co. Bangalore / Bengaluru Office Location

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Bengaluru Office
501, 5th Floor, Prestige Centre Point, 7 Cunningham Road Bengaluru
Karnataka 560056

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