Quant jobs / JPMorgan

Quant Model Risk Associate – Rates

An independent model review role in the rates team of JPMorgan's model risk governance group. You challenge the pricing and valuation models that traders and risk teams rely on.

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 the conceptual soundness of rates pricing models and engines
Build alternative benchmark models and compare their outputs with the production ones
Define performance metrics and monitor models after approval
Advise desks and model developers on how new or changed models may be used

What they ask for

Required

Probability and stochastic processes
PDEs and numerical analysis
Statistics
Option pricing and hedging theory
Coding in C/C++ or Python
Clear written communication

Preferred

Rates derivatives experience
Front-office or model risk quant experience

Education: MSc, PhD or equivalent in a quantitative discipline
Experience: No fixed years stated; model risk or front-office experience is a plus
Languages and tools: C++
Python
Markets: fixed-income

How to prepare

Re-implement a Hull-White or LIBOR-market-style rates model and benchmark it against a simpler one
Study how PDE and Monte Carlo pricers can disagree and how to test convergence
Write a short model review note covering assumptions, limitations and tests for a swaption pricer
Practise explaining model risk to a non-quant audience

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.