Quant Analytics Senior Associate - Deposit Modeling and Analytics

JPMorgan Chase & Co.
Peru Township, United States of America
5 days ago

Role details

Contract type
Permanent contract
Employment type
Full-time (> 32 hours)
Working hours
Regular working hours
Languages
English
Experience level
Senior

Job location

Peru Township, United States of America

Tech stack

Data analysis
Big Data
Python
SQL Databases
Model Validation
Modeling and Simulation
Drilldown
Databricks

Job description

  • Analyze deposit data to identify trends in consumer/business behavior to aide in model development and to describe deposit growth trends
  • Own end-to-end development of "qualitative models" which apply simplistic statistical methods to forecast certain deposit-related items
  • Assist quantitative modelers in the development of statistical models which forecast deposit balances and related net interest income as well as non-interest-revenue models which forecast debit card revenue, overdraft revenue, etc.
  • Perform deep-dive analysis on deposit data to determine key trends that are impacting deposit growth
  • Present key findings of analysis succinctly to senior leadership
  • Apply macroeconomic and business intuition to inform independent variable selection
  • Test draft models against various economic scenarios and analyze model output
  • Analyze backtesting results of models to identify areas of model miss and suggest independent variables that may remediate that miss
  • Determine accuracy of current model and identify areas of improvement
  • Analyze recent data trends and changes to the business/products that may elicit new trends

Requirements

  • Bachelor's degree in a quantitative discipline such as Economics, Finance, Statistics, Mathematics, or a related field.
  • 4+ years of related work experience data analysis, statistical modeling, or a related area
  • Proficiency in Python for data analysis, statistical modeling, and model reviews
  • Hands-on experience in developing, implementing, and reviewing statistical or forecasting models, including model validation and performance assessment
  • Strong ability to communicate complex analytical findings clearly and effectively to senior leadership and non-technical stakeholders

Preferred Qualifications, skills, and capabilities:

  • SQL and Databricks experience for large-scale data processing and advanced analytics

Benefits & conditions

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.

About the company

Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.

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