Quant Modeling Lead [Multiple Positions Available]

Duties: Conduct independent testing and develop benchmark models to serve as reference points for model performance. Mentor and train junior team members, sharing best practices and supporting their professional development. Evaluate risk associated with advanced machine learning and deep learning models by identifying potential vulnerabilities and recommending mitigation strategies to minimize model risk. Stay current with advancements in AI/ML algorithms and fraud detection techniques, incorporating new insights and technologies into the model validation process. Guide model developers and business partners through model risk governance requirements and processes. Draft and review documents related to model review. Coordinate and lead governance activities for the team such as performance monitoring and the annual status assessment, to ensure ongoing model integrity and compliance. Assess and challenge model design and implementation to ensure alignment with risk management and regulatory requirements. Oversee the end-to-end model risk lifecycle, including validation, performance monitoring, change management, and issue remediation. Provide insights and recommendations for model enhancements, and present findings to senior management and key stakeholders. Represent the team in audit and regulatory reviews, ensuring timely and accurate responses to inquiries. Support team development initiatives, including recruiting, hiring, and onboarding new team members.

Minimum education and experience required: Master's degree in Financial Engineering, Applied Mathematics, Operation Research, Statistics, Financial Mathematics, Computer Science, Data Science, or related field of study plus 2 years (24 months) of experience in the job offered or as Quant Modeling Lead or related occupation.

Skills Required: This position requires two (2) years of experience with the following: Performing model risk assessments of XGBoost models, including validation of statistical methods, hyper-parameters, and interpretability using Shap; Conducting independent reviews of ML pipelines, validating feature engineering, selection processes, tuning methodologies, and evaluation frameworks using XGBoost, Scikit- learn, PyTorch, TensorFlow, and Keras; Benchmarking and analyzing data using algorithms including linear and logistic regression, clustering, and CART; Evaluating models using metrics including AUC-ROC, Precision-Recall, cross-entropy loss, and KS; Developing models using Python, R, and SQL with object-oriented programming principles; Manipulating data including imputation, encoding, and normalization using NumPy, Pandas, PySpark, and Dask; Visualizing results with Matplotlib, Seaborn, and ggplot; Optimizing dataset computations with multithreading and multiprocessing in PySpark; Managing data storage and processing with AWS; Conducting analysis in graphical database Using TigerGraph.

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.