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Economist/Risk Modeler III

J.P. Morgan Economics logo

J.P. Morgan
Washington, DC - United States
S: Competitive

J.P. Morgan is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. Information about J.P. Morgan is available at http://www.jpmorganchase.com/.

This position is in the Mortgage Modeling Team of the Consumer Capital Modeling Group within the corporate risk organization. This Group is responsible for building and maintaining models that produce the mortgage performance metrics used in Basel Capital calculations for retail credit risks throughout the firm.

The Economist/Risk Modeler III is responsible for designing, developing, and maintaining statistical/econometric models for retail-credit portfolios. This work involves integrating micro-economic theory with data analysis and statistical/econometric applications to create forecast models for calculating bank capital requirements. The incumbent provides research necessary to solve business problems, and is responsible for compiling and documenting both the modeling process and analytical results, for technical and non-technical audiences. He/she will work independently and within defined project teams, with a minimum of oversight and supervision. They are expected to make contributions to the Consumer Capital Modeling group's knowledge base by proposing creative and robust solutions to common modeling issues, addressing regulatory and internal standards for Basel capital models. The incumbent will document and communicate model results and insights to senior staff in corporate risk and the various consumer businesses of the firm.
Qualifications

· Masters degree in a field that provides strong background in finance, economics, and statistical methods; Ph.D. in Economics is preferred.

· A thorough background in statistical research methods, including limited-dependent-variable models and survival analysis; linear and non-linear regression techniques, and time-series econometrics are also desired.

· Minimum 3 years experience in developing loan-level forecasting models and credit-risk models within financial institutions or for consumer-credit portfolios; preference for this position will be given to candidates with a background in residential mortgage analytics.

· Possess a thorough understanding of the risk drivers of consumer-loan models and their applications in estimating default and prepayment risk and potential losses.

· Intermediate level of SAS skills, including BASE, STAT, MACRO, data mining and simulation techniques, data set creation and maintenance, and ad hoc analyses.

Job summary

Employer:

J.P. Morgan

Location:

Washington, DC, United States

Education:

Master's Degree

Sector:

Finance Economist

Salary:

Competitive

Job Type:

Permanent

Hours:

Full-Time

Posted:

19th March 2015

Apply By:

17th April 2015

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