Transition Risk Modelling - Senior Associate

Location: LONDON, LONDON, United Kingdom

Job Family: Firmwide Risk and Compliance

About the Role

At JPMorgan Chase, we are at the forefront of integrating climate risk into our global financial operations, and the Transition Risk Modelling - Senior Associate role in our Firmwide Risk and Compliance team plays a pivotal part in this mission. Based in our London office, you will lead the development of advanced models to quantify transition risks—arising from shifts in climate policies, technologies, and markets—that could impact our clients' portfolios and the firm's overall resilience. As a Senior Associate, you will leverage cutting-edge data analytics to drive informed decision-making, ensuring JPMorgan Chase remains a leader in sustainable finance while navigating the challenges of a low-carbon economy transition. Your core responsibilities will include building and refining quantitative models using climate scenarios from sources like the Network for Greening the Financial System (NGFS), conducting impact assessments on credit and market risks, and collaborating with business lines to embed these insights into strategic planning. You will work closely with experts in sustainability, compliance, and quantitative research to align models with regulatory expectations, such as those from the Task Force on Climate-related Financial Disclosures (TCFD) and the European Central Bank. This role demands a blend of technical expertise and strategic thinking to translate complex climate data into actionable business solutions that support our commitment to net-zero ambitions. JPMorgan Chase offers a dynamic environment where innovation meets impact, with opportunities to influence firmwide policies on climate resilience. Joining our London team, you will contribute to high-stakes projects that shape the future of risk management in financial services, while benefiting from world-class resources and a culture that values diverse perspectives. If you are passionate about using data to address global challenges, this position provides the platform to advance your career in one of the world's leading financial institutions.

Key Responsibilities

• Develop and enhance quantitative models to assess transition risks associated with climate change, including policy, technology, and market shifts impacting JPMorgan Chase's portfolios
• Analyze climate scenarios using tools like NGFS pathways to evaluate potential financial impacts on credit, market, and operational risks
• Collaborate with Firmwide Risk teams to integrate transition risk modeling into enterprise-wide stress testing and capital planning processes
• Provide data-driven insights and recommendations to senior management on mitigating climate transition risks across asset classes
• Conduct sensitivity analyses and back-testing of models to ensure accuracy and alignment with regulatory requirements
• Partner with Compliance and Sustainability teams to ensure models adhere to global standards like TCFD and ECB guidelines
• Monitor emerging climate regulations and industry trends to refine modeling approaches and methodologies
• Support the creation of internal reports and presentations for board-level discussions on climate resilience
• Mentor junior analysts in transition risk techniques and contribute to knowledge-sharing within the Firmwide Risk and Compliance category
• Contribute to the firm's broader climate risk strategy by identifying opportunities for resilient, data-driven business solutions

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field; advanced degree (Master's or PhD) preferred
• Minimum of 5 years of experience in risk modeling, climate risk analysis, or quantitative finance within the financial services industry
• Strong proficiency in statistical modeling and data analysis, with experience in climate-related datasets and transition risk scenarios
• Demonstrated knowledge of regulatory frameworks such as the EU Taxonomy, TCFD, or NGFS climate scenarios
• Experience working in a global financial institution, ideally with exposure to banking or investment risk management
• Proficiency in programming languages and tools for data manipulation and modeling in a financial context
• Excellent communication skills to present complex risk models to senior stakeholders and regulatory bodies

Preferred Qualifications

• CFA, FRM, or equivalent certification in risk management or finance
• Prior experience in developing or implementing transition risk models for carbon-intensive portfolios at a major bank
• Familiarity with JPMorgan Chase's internal risk management systems and climate strategy initiatives
• Publications or contributions to industry reports on climate risk in financial services
• Experience collaborating with cross-functional teams in sustainability, compliance, and business lines

Required Skills

• Quantitative modeling and statistical analysis
• Climate risk assessment and scenario analysis
• Proficiency in Python, R, or MATLAB for financial modeling
• Data visualization tools like Tableau or Power BI
• Knowledge of SQL for querying large financial datasets
• Understanding of financial instruments and portfolio risk metrics
• Regulatory compliance in climate and risk management
• Strong analytical and problem-solving abilities
• Excellent written and verbal communication skills
• Project management and stakeholder collaboration
• Attention to detail in model validation and testing
• Adaptability to evolving climate science and policy landscapes
• Team-oriented mindset for cross-functional initiatives
• Critical thinking for interpreting complex risk scenarios
• Time management in a fast-paced banking environment

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance coverage
• Generous retirement savings plan with company matching contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development opportunities through JPMorgan Chase's learning programs and certifications
• Employee stock purchase plan and financial wellness resources
• Global mobility support for career growth across JPMorgan Chase locations
• Wellness programs including gym memberships, mental health support, and flexible working arrangements in London

JP Morgan Chase is an equal opportunity employer.