Quant Modeling Lead - Model Risk Governance Review - 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 VP within the MRGR Asset Management team, you will own assigned model reviews, develop benchmark tools for independent testing, and assess ongoing model performance within the Asset Management business context.

You will apply technical expertise and intellectual rigor to assess conceptual soundness, evaluate assumptions and implementation, and identify risks arising from individual models and model-to-model interactions.

As an individual contributor, you will deliver high-quality validation reports, provide effective independent challenge to model developers and users, and communicate material findings and limitations to senior stakeholders.

You will collaborate with colleagues across locations.

Model Risk Governance Review is a global team of modeling experts within the firm's Risk Management and Compliance organization.

The team is responsible for conducting independent model validation and model governance activities to help identify, measure, and mitigate Model Risk in the firm.

The objective is to ensure that models are fit for purpose, used appropriately within the business context for which they have been approved, and that model users are aware of the model limitations and how they could impact business decisions.

Job responsibilities


* Assess Asset Management models against robust model development and testing standards, and contribute to enhancements in validation practices.


* Independently evaluate soundness of model design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics.


* Identify weaknesses, limitations, and emerging risks through risk assessments, hands-on independent testing, development and implementation of benchmark models, and evaluation of ongoing monitoring.


* Own assigned model risk assessments, document high-quality validation reports, and communicate findings, limitations, and their business implications to senior internal and external stakeholders, as appropriate.


* Support model-related audits and regulatory examinations by explaining review conclusions and providing clear supporting analysis and documentation.


* Stay abreast of industry best practices, regulatory developments, and modeling advancements relevant to Asset Management, and incorporate them into independent assessments and validation methodologies.


* Manage assigned review deliverables and priorities independen...