Risk Management - Model Risk Program Associate - JPMorgan Chase & : Job Details

Perform model reviews: analyze conceptual soundness of complex pricing models, engines, and reserve methodologies; assess model behavior and suitability of pricing models/engines to particular products/structures Provide guidance on model usage and act as first point of contact for the business on all new models and changes to existing models Develop and implement alternative model benchmarks and compare the outcome of various models; Design model performance metrics Liaise with model developers, Risk and Valuation Control Groups and provide guidance on model risk Evaluate model performance on a regular basis Required Qualifications, Capabilities and Skills Expertise in probability theory, stochastic processes, statistics, partial differential equations, and numerical analysis MSc, PhD or equivalent in a quantitative discipline Inquisitive nature, ability to ask right questions and escalate issues Excellent communication skills (written and verbal) Good understanding of option pricing ...Risk, Management, Associate, Program, Accounting, Banking