Risk Modeling Senior Associate

Location: Columbus, OH, United States

Job Family: Risk Analytics/Modeling

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong commitment to innovation and risk management. The Risk Modeling Senior Associate role within our Chase business banking division is pivotal in safeguarding the portfolio's health by providing oversight and driving the production of credit loss forecasts and loan loss reserves. Based in Columbus, OH, this position falls under the Risk Analytics/Modeling category and involves working closely with quantitative teams to ensure robust, data-driven insights that support strategic lending decisions. As a key contributor, you will leverage advanced modeling techniques to anticipate credit risks in a dynamic economic landscape, directly impacting the firm's financial stability and regulatory compliance. In this role, you will lead the development and validation of sophisticated models tailored to Chase's business banking loans, incorporating factors such as economic indicators, borrower credit profiles, and portfolio performance metrics. Responsibilities include conducting stress tests, monitoring model efficacy, and collaborating with stakeholders across risk, finance, and business units to refine forecasting processes. You will ensure adherence to critical regulations like CECL, producing comprehensive reports that inform executive leadership and regulatory submissions. This position demands a blend of technical expertise and business acumen to navigate the complexities of commercial lending at one of the world's largest banks. JP Morgan Chase offers an inclusive environment where your contributions can shape the future of financial risk management. Joining our team means access to cutting-edge tools, ongoing professional growth, and the opportunity to work on high-impact projects that drive client success and firm resilience. If you are passionate about quantitative finance and ready to make a meaningful difference in business banking risk, this role provides a platform to excel in a collaborative, innovative culture.

Key Responsibilities

• Provide expert oversight and drive the production of credit loss forecasts and loan loss reserves for Chase business banking loans, ensuring alignment with regulatory standards
• Develop, validate, and enhance statistical models for predicting credit losses across diverse loan portfolios
• Collaborate with cross-functional teams including business lines, model risk management, and finance to integrate forecasting outputs into strategic decision-making
• Conduct scenario analysis and stress testing to assess potential impacts on loan loss reserves under various economic conditions
• Monitor model performance, identify emerging risks, and recommend adjustments to forecasting methodologies
• Prepare detailed documentation and reports for senior management and regulatory bodies, such as the Federal Reserve
• Leverage advanced analytics to improve the accuracy and efficiency of reserve calculations for JP Morgan Chase's commercial lending activities
• Ensure compliance with internal policies and external regulations governing credit risk modeling at JP Morgan Chase

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field
• Minimum of 5 years of experience in credit risk modeling, forecasting, or quantitative analysis within the financial services industry
• Strong proficiency in statistical modeling techniques and credit loss forecasting methodologies
• Experience with regulatory requirements such as CECL (Current Expected Credit Loss) and IFRS 9
• Demonstrated ability to manage and analyze large datasets using tools like SQL and Python
• Proven track record in producing accurate loan loss reserves for commercial or business banking portfolios

Preferred Qualifications

• Advanced degree (Master's or PhD) in a quantitative discipline such as Statistics or Financial Engineering
• Prior experience at a major financial institution like JP Morgan Chase in risk analytics or model validation
• Familiarity with Chase's business banking products and credit risk frameworks
• Certification in risk management, such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst)

Required Skills

• Advanced statistical modeling and econometric analysis
• Proficiency in programming languages such as Python, R, or SAS for data manipulation and modeling
• Expertise in SQL for querying large financial databases
• Knowledge of machine learning techniques applied to credit risk
• Strong analytical and problem-solving abilities
• Excellent communication skills for presenting complex data to non-technical stakeholders
• Attention to detail in regulatory reporting and model documentation
• Project management skills for overseeing forecasting production cycles
• Understanding of financial instruments and business banking products
• Ability to work collaboratively in a fast-paced team environment
• Risk assessment and scenario planning expertise
• Data visualization tools like Tableau or Power BI

Benefits

• Comprehensive medical, dental, and vision insurance plans with multiple coverage options
• 401(k) retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick days, and parental leave
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee stock purchase plan and performance-based bonuses
• Wellness programs including gym memberships, mental health support, and onsite fitness centers in Columbus
• Flexible work arrangements and hybrid options for work-life balance

JP Morgan Chase is an equal opportunity employer.