Risk- Model review Goverance Review- Analyst Job in Mumbai at JPMorgan Chase & Co.

JPMorgan Chase & Co. is hiring for the role of Risk- Model review Goverance Review- Analyst!

Responsibilities of the Candidate:

• Model validation of market risk models - Evaluate conceptual soundness of model specification, the appropriateness of the methodology for its intended purpose, reasonableness of assumptions and reliability of inputs, assessment of model limitations, and completeness of testing performed to support the correctness of the implementation.
• Perform ongoing performance monitoring tests to ascertain that models are relevant and fit for purpose.
• Assist with model governance processes, model inventory, and issue management and help devise new model governance policies as and when required.
• Work closely with model developers and control functions across the firm to understand methodology, and usage and establish transparency around model controls, model limitations, and performance.

Requirements:

• Quantitative background with at least a Bachelor/Master/PhD degree in Statistics, Mathematics, Engineering, quantitative finance, or similar.
• Strong quantitative, analytical, and problem-solving skills; domain expertise in market risk VaR models, and derivatives pricing models; knowledge of probability theory, statistics, mathematical finance, econometrics, numerical methods, and stochastic calculus. 
• Strong communication and interpersonal skills; ability to multi-task and meet deadlines.
• Ability to work independently, with remote supervision.
• Risk and control mindset: the ability to ask incisive questions, assess materiality, and escalate the issue
• Understanding of Market Risk BASEL/FRTB regulations.

Preferred Qualifications:

• Knowledge and interest in Python programming.
• Understanding of the finance industry, particularly in modeling - valuation, risk, capital, forecasting, and investment management.