Transition Risk Modelling - Senior Associate

JP Morgan

Location: Greater London

Job Type: Full time


As part of Risk Management and Compliance, you are at the centre of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities.

You will join Climate Risk Management team responsible for developing the firm’s approach to climate-related risk management, including both transition and physical risks. You will bring strong data, research and communication skills to support the build-out of climate risk capabilities across the firm. You will interact with variety of internal counterparts across the firm, learning about the many aspects relevant in assessing the potential implications of climate change on a large and global financial institution..

Your strong track record of ownership and accountability will be key to the success of this role. By participating in a large-scale initiatives with high impact you will demonstrate relationship building skills and ability for execution.

If you thrive in agile environment; earn credibility by leading and persuading others, while positively influencing the outcome of team efforts, this role is for you.

Job responsibilities

  • Provide overall support to the team’s climate and transition risk analytical frameworks, with focus on developing methodologies and conducting research on financial impacts of transition risk
  • Become an expert in the datasets we use to manage climate risk, forming conclusions on key trends and patterns and working with data providers to maximise our knowledge
  • Help build, maintain and analyse outputs from climate risk assessment models and user tools
  • Help address regulatory expectations and requirements for managing climate-related risk and produce documentation to support climate risk assessment models and user tools
  • Contribute content to the firm’s public and regulatory disclosures
  • Contribute to the design or enhancement of internal climate scenarios and expand scenario variables to meet internal stakeholders’ requirements, as well as interrogate and assess appropriate models from external parties, including vendors
  • Support central data and modelling teams to source required data, develop climate scenario models, and determine how to best integrate climate risk data into BAU risk models

Required qualifications, capabilities and skills

  • Work experience in transition risk modelling, energy systems, energy and climate policy, climate science, or related fields as well as demonstratable work experience with climate scenarios, e.g. NGFS, IEA, IPCC SSP-RCPs, etc.
  • Strong university degree (2:1 equivalent or above), preferably in economics, geography, environmental science or energy systems
  • Strong technical understanding of transition risks including climate policy, technology risks, and consumer preference changes and transmission channels within an economy
  • Excellent analytical skills: comfortable working with large datasets, knowledge of Python/R is a must
  • Strong sense of ownership and ability to work independently in producing deliverables with high standards and within tight deadlines
  • Ability to convey information clearly, accurately and succinctly (both written and verbally)
  • Ability to draft high-impact presentations and documentation, strong attention to detail

Preferred qualifications, capabilities, and skills

  • Experience in working on (scientific) projects
  • Experience with an optimization framework (e.g. GAMS) is strongly preferred
  • Experience of working with geospatial data (.tif, .shp, .nc) a benefit
  • Understanding of climate related transition and physical impacts on macro-economic variables
You’ve got this!