Quantitative Modeling Lead [Multiple Positions Available]

Duties: Design and monitor model performance metrics. Review and build benchmark model for retail credit risk related models. Assess and help mitigate the model risk of complex models used in the context of credit card scorecard models for decision-making purposes. Validate models by evaluating conceptual soundness. Design and conduct experiments to compare a model's prediction against actual outcomes or against the output of alternative benchmark models. Own validation projects, including planning, execution, coordination, and final delivery. Drive all phases of the model review process while also contributing individual technical assessments. Conduct validation of regulatory models related to capital stress testing. Drive coordination of the Annual Status Assessment (ASA) process for the Consumer and Community Banking line of business. Conduct no-change re-reviews and minor model enhancement reviews.

QUALIFICATIONS:

Minimum education and experience required: Ph.D. in Aeronautics and Astronautics, Engineering (any), Statistics, Computer Science, Mathematics or related field of study plus one (1) year of experience in the job offered or as Quantitative Modeling Lead, Research Assistant, or related occupation. The employer will alternatively accept a Master's in Aeronautics and Astronautics, Engineering (any), Statistics, Computer Science, Mathematics or related field of study plus three (3) years of experience in the job offered or as Quantitative Modeling Lead, Research Assistant, or related occupation.

Skills Required: This position requires experience with the following: conducting model development, risk management, underwriting, or portfolio performance analysis for credit card portfolios, mortgage products, or auto services loans within the financial services industry; building, validating, and interpreting logistic regression and Linear Regressions models using real-world data that is collected from actual events, processes, or observations in daily situations rather than generated from idealized, simulated environments; assessing projects where models were used for classification and regression tasks, evaluating the model's metrics, and assessing how the results were applied to drive business decisions; implementing machine learning solutions end-to-end, including data preprocessing, algorithm selection, model training, and deployment in a production or research setting; time series modeling, including trend, seasonality, and forecasting analyses; programming in R or Python to perform data analysis, model development, or automation of analytical processes; formulating hypotheses, selecting modeling techniques, back-testing predictions, and documenting performance metrics to ensure robustness and regulatory compliance; applying Xgboost to improve model predictive performance; applying hyperparameter optimization techniques and applying explainability methods to assess feature importance, including using Shapley values for model interpretability; applying ensemble methods such as Random Forest for classification or regression.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. In addition, please visit: https://careers.jpmorgan.com/us/en/about-us.

Job Location: 545 Washington Blvd, Jersey City, NJ 07310.

Full-Time. Salary: $164,000 - $215,000 per year.

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.