Risk Management - Quant Model Risk Vice-President

Bring your Expertise to JPMorgan Chase.

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

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 Risk Management - Quant Model Risk Vice-President within the Risk Management organization, you will lead thorough reviews of complex credit risk, finance and investment management models in the wealth management business.

Job Responsibilities


* Lead thorough reviews of complex credit risk, finance and investment management models in the wealth management business.

Analyze the conceptual soundness, model design, and appropriateness of models for specific products and purposes.


* Evaluate model behavior and ensure the suitability of estimation models for their intended applications, identifying potential limitations and areas for improvement.


* Lead the development of alternative model benchmarks.

Design and maintain robust model performance metrics to compare and monitor the outcomes of various models.


* Continuously evaluate model performance, ensuring models remain fit for purpose and compliant with internal and regulatory standards.

Recommend enhancements and oversee remediation where necessary.


* Serve as the primary point of contact for the business regarding new model implementations and changes to existing models.

Provide expert guidance on model usage, limitations, and governance requirements.


* Liaise effectively with model developers, Risk, and finance team.

Offer guidance and support on model governance, validation standards, and regulatory expectations.

Required Qualifications, Capabilities and Skills


* Advanced degree (MSc, PhD, or equivalent) in a quantitative discipline such as mathematics, statistics, financial engineering, or related field.


* Advanced knowledge of probability theory, stochastic processes, statistics, and numerical analysis, with demonstrated ability to apply these concepts to financial modeling and risk assessment.


* Minimum of 7 years of relevant experience in model development or model validation, and at least 3 years of experience in the development or validation of mortgage models.


* Strong analytical and problem-solving skills, with an inquisitive mindset and the ability to formulate insightful questions, identify model limitations, and escalate issues appropriately.


* Excellent written and verbal communication skills, with the ability to clearly explain complex quantitative concepts to both technical and non-technical stakeholders.


* Proficient programming skills in languages such as R, Python, SAS or similar, with experience implementin...