Risk Management - Model Risk Program Associate

Bring your expertise to JPMorganChase.

As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase 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.

Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Model Risk Program Associate within Risk Management and Compliance, you will be responsible for assessing the risks associated with models used for sanctions screening, trade surveillance, transaction monitoring, and other models within Compliance.

You will perform independent testing, develop benchmarking tools, and monitor performance of the models.

You will leverage your technical expertise and intellectual rigor to assess conceptual soundness of the wholesale and consumer deposit models, identify and assess the emerging model risks from various component models and model-to-model interactions.

Job Responsibilities


* Perform model reviews: analyze the conceptual soundness of deposits models and assess model behavior and suitability in the context of usage.


* Guide on model usage and act as the first point of contact for the business on all new models and changes to existing models.


* Develop and implement alternative model benchmarks and compare the outcome of various models.

Design model performance metrics.


* Liaise with model developers, users, and compliance groups, and provide guidance on model risk.


* Evaluate model performance on a regular basis.

Required qualifications, capabilities and skills


* Perform model reviews: analyze the conceptual soundness of compliance model and assess model behavior and suitability in the context of usage.


* Guide on model usage and act as the first point of contact for the business on all new models and changes to existing models.


* Develop and implement alternative model benchmarks and compare the outcome of various models.

Design model performance metrics.


* Liaise with model developers, users, and compliance groups, and provide guidance on model risk.


* Evaluate model performance on a regular basis

Preferred qualifications, capabilities, and skills


* 1 plus years of experience in a quantitative modeling role, such as Data Science, Quantitative Model Development, Model Validation, or Technology focused on Data Science


* Prior experience in modeling, reviewing or managing forecasting or valuation models is desirable.


* Experience with database interfacing, data management, and preprocessing (e.g.

SQL or kdb+, q) is a plus

Employer Description

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, ...