Resolution & Recovery Model Development - Senior Associate
New York, New York, United States · Hybrid
$109k–$150k/yr
Mid level$1.6B raised
Join JP Morgan Chase’s Commercial & Investment Bank (CIB) Resolution & Recovery team and help shape how a leading global markets franchise prepares for and responds to recovery and resolution scenarios. As a Senior Assoc…
Skills: Model development, Risk management, Financial modeling, Data analysis, Python
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Senior
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$109k–$150k/yr
Full-time
postgraduate degree
Health care coverage, Retirement savings plan, Backup childcare, Tuition reimbursement, Mental health support, Financial coaching
Posted 11d ago
~40 hrs/week
Responsibilities
Develop and enhance models to inform wind-down and business packaging strategies for major asset classes under recovery and resolution scenarios. Collaborate with finance, risk, and front office stakeholders to quantify liquidation costs, liquidity impacts, and RWA outcomes.
Requirements
Requires 4+ years of experience in model development, review, or analytics along with an advanced degree in Economics, Finance, Science, or Accounting. Candidates must possess strong technical skills in Python or SQL and the ability to communicate complex methodologies to senior management.
Full job description
Join JP Morgan Chase’s Commercial & Investment Bank (CIB) Resolution & Recovery team and help shape how a leading global markets franchise prepares for and responds to recovery and resolution scenarios.
As a Senior Associate, on the Resolution & Recovery team within Treasury, you will responsible for building and enhancing models that inform wind-down and business packaging strategies across major asset classes (Rates, Equities, Fixed Income and FX). You’ll partner closely with finance, model risk, front office and corporate stakeholders to quantify liquidation costs, estimate liquidity impacts and assess Risk-Weighted Assets (RWA) implications. You’ll help deliver insights that inform senior leadership decisions while ensuring alignment with regulatory expectations at JP Morgan Chase, a leading investment Global Systemically Important Bank (G-SIB). The primary office is Brooklyn; expected to work from Manhattan periodically.
Job responsibilities
Develop and enhance models within the CIB Recovery & Resolution model suite
Design packaging and unwind methodologies in partnership with stakeholders across markets and risk
Quantify key impacts including liquidation costs, liquidity effects, and RWA outcomes under stress scenarios
Produce high-quality model documentation with strong attention to detail and control standards
Communicate clearly and confidently explain methodologies, limitations, findings, and solutions to Model Risk and senior management through regular updates and presentations
Challenge assumptions and improve the framework through sensitivity testing, benchmarking, and structured problem-solving
Serve as a primary point of contact for Model Risk, supporting effective model oversight and governance
Collaborate with technology and change partners to implement and sustain model enhancements in production
Required qualifications, capabilities, and skills
4+ years of experience in model development, review or analytics
Advanced degree in Economics, Finance, Science, Accounting or a related field.
Hands-on experience with aspects of the model lifecycle, including model selection criteria, assumption justification, sensitivity testing, implementation support, documentation and control discipline
Strong prioritization skills and ability to manage work across multiple models and deliverables
Initiative-taking and self-organized with the ability to solve problems independently
Ability to distill information clearly, which ranges from discussing detailed modeling methodologies with Model Risk to summarizing approaches and key information with senior management
Comfortable with detailed independent analysis and coordinating inputs from others
Preferred qualifications, capabilities, and skills
Preferred experience in derivatives pricing, securities, secured funding, market/counterparty risk or valuations
Technical skills including Python, SQL and/or Snowflake
Additional Information
To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).
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.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Related keywords
Model developmentResolution and recoveryTreasuryCommercial and Investment BankG-SIBRisk-Weighted AssetsLiquidityPythonSQLSnowflakeDerivativesSecuritiesMarket riskCounterparty riskModel riskSensitivity testing
With a history tracing its roots to 1799 in New York City, JPMorganChase is one of the world's oldest, largest, and best-known financial institutions—carrying forth the innovative spirit of our heritage firms in global operations across 100 markets.
We serve millions of customers and many of the world’s most prominent corporate, institutional, and government clients daily, managing assets and investments, offering business advice and strategies, and providing innovative banking solutions and services.
Social Media Terms and Conditions: https://bit.ly/JPMCSocialTerms
JPMorgan Chase & Co. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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