Quant jobs / JPMorgan

Quant Modeling Associate – Model Risk Governance Review (Counterparty Credit Risk)

A model validation role covering counterparty credit risk and margining models across several asset classes. It sits in JPMorgan's model risk governance team, working with quants, credit risk and trading desks.

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 margining and credit exposure measurement methodologies
Judge whether a model's assumptions, inputs and testing support its intended use
Check implementation correctness against the documented methodology
Track issues and ongoing performance monitoring for assigned models
Explain model limitations to developers, credit officers and traders

What they ask for

Required

Master's in maths, science, engineering, statistics or quantitative finance
Probability and statistics
Mathematical finance and stochastic calculus
Econometrics and numerical methods
Quantitative experience at a bank or asset manager
Clear communication and independent working

Preferred

Margining and credit risk measurement
Counterparty credit risk validation or development
Understanding of valuation, risk and capital modelling

Education: At least a Master's in maths, science, engineering, statistics, quantitative finance or similar.
Experience: Relevant quantitative experience at a bank or asset management analytics group.
Markets: multi-asset, credit

How to prepare

Learn how potential future exposure is simulated and how CVA and initial margin are derived
Study stochastic calculus well enough to critique a model's assumptions
Implement a simple Monte Carlo exposure profile for an interest rate swap
Read about margin models and their backtesting

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.