Quant jobs / JPMorgan

Quant Model Risk Analyst – Rates

An entry-level model risk role in JPMorgan's Model Risk Governance and Review group, covering the Rates team. It checks models used for valuation, risk measurement and capital.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Review pricing models and engines for rates products
Advise the business on new models and changes
Build challenger models and compare outcomes
Define model performance metrics
Monitor model performance regularly

What they ask for

Required

Probability, stochastic processes and statistics
Partial differential equations and numerical analysis
MSc, PhD or equivalent in a quantitative field
Option pricing and hedging theory
Coding in C/C++ or Python
Communication
Escalating issues

Preferred

Rates derivatives experience

Education: MSc, PhD or equivalent in a quantitative discipline
Experience: Not stated; Analyst level
Languages and tools: C++
Python
Markets: fixed-income

How to prepare

Build and test a short-rate model such as Vasicek or Hull-White
Learn swap, cap and swaption pricing and their hedges
Solve a pricing PDE numerically and check against analytic results
Practise writing independent challenges to a model's assumptions

What to study

The Model Validation Quant roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on JPMorgan’s site before applying: requirements, location and pay can change after we check them.

View the posting on JPMorgan’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with JPMorgan and doesn’t handle applications.