Quant Model Developer, Senior Associate
Description For Quant Model Developer, Senior Associate
Join JPMorgan Chase's Asset & Wealth Management team as a Quant Model Developer, where you'll leverage advanced statistical and computing techniques to develop financial forecasting models. This role combines quantitative expertise with practical business applications, supporting both regulatory requirements and strategic decision-making. You'll work on modeling investment assets, deposit balances, and lending portfolios while collaborating with product managers to understand macroeconomic impacts. The position offers comprehensive benefits including healthcare, retirement plans, and professional development opportunities. JPMorgan Chase, with over 200 years of history, provides an inclusive work environment and values diversity in its global workforce. The role is based in Plano, TX, and requires strong analytical skills combined with excellent communication abilities to translate complex quantitative insights for various stakeholders.
Responsibilities For Quant Model Developer, Senior Associate
- Design and implement quantitative models for pricing, risk management, and financial forecasting
- Develop algorithms and statistical models to analyze financial data
- Analyze large datasets to identify trends, patterns, and insights
- Conduct back-testing and stress testing of models
- Validate models against historical data and refine them as necessary
- Prepare detailed documentation of model methodologies
- Ensure compliance with regulatory requirements
- Work closely with product and risk managers
- Collaborate with IT teams to integrate models
- Stay updated with latest developments in quantitative finance
- Identify and assess potential risks associated with model assumptions
Requirements For Quant Model Developer, Senior Associate
- Bachelor's or Master's degree in Mathematics, Statistics, Economics, Finance, or Engineering
- 3+ years experience in developing and implementing quantitative models in a financial setting
- Strong understanding of statistical and mathematical modeling techniques
- Familiarity with financial instruments, markets, and risk management practices
- Strong problem-solving skills and ability to work with complex datasets
- Ability to interpret and communicate quantitative results to non-technical stakeholders
- High level of accuracy and attention to detail
- Excellent written and verbal communication skills
- Be a team player with commitment and positive attitude
Benefits For Quant Model Developer, Senior Associate
- Competitive base salary
- Commission-based pay
- Discretionary incentive compensation
- Comprehensive health care coverage
- On-site health and wellness centers
- Retirement savings plan
- Backup childcare
- Tuition reimbursement
- Mental health support
- Financial coaching
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