Job Description
Job Description
Bring your expertise to JPMorganChase. As part of Risk Management and
Compliance, you play a crucial role in maintaining JPMorganChase's strength and
resilience. 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 Quant Model Risk Vice President in the Model Risk Governance and
Review team, you will be responsible for assessing and mitigating the risks
associated with the models used by Treasury for resolution and recovery,
liquidity, stress testing and budgeting. You'll be at the forefront of
innovation, driving continuous improvement in a dynamic and collaborative
environment. This role also provides the opportunity to gain exposure to various
business and functional areas, as well as to collaborate closely with model
developers and users.
Job Responsibilities
* Perform model reviews: evaluate the conceptual soundness of a model, assess
its behavior under various market conditions and its 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
* Education: Bachelor’s, Master’s or PhD in a quantitative field (e.g.,
Mathematics, Statistics, Computer Science, Engineering, Physics).
* Experience: 5+ years of experience in a quantitative modelling or model
validation role.
* Strong analytical problem-solving skills and clear written/verbal
communication, ability to articulate technical issues to diverse stakeholders
and write high quality technical reports.
- Knowledge of financial products / markets and regulatory requirements.
- Risk- and control-oriented mindset: ability to ask incisive questions, assess
the materiality of model issues, and escalate issues appropriately.
- Ability to work in a fast-paced, results-driven environment.
- Curious, ownership-driven, and teamwork-oriented mindset.
Preferred Qualifications, Capabilities and Skills
- Prior experience with Treasury function and its models.
- Hands-on programming experience with at least one of the programming
languages such as Python, R, MATLAB, C/C++ etc.
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, institutional and government clients under the
J.P. Morgan and Chase brands. Our history spans over 200 years and today we are
a leader in investment banking, consumer and small business banking, commercial
banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined
based on the role, experience, skill set and location. Those in eligible roles
may receive commission-based pay and/or discretionary incentive compensation,
paid in the form of cash and/or forfeitable equity, awarded in recognition of
individual achievements and contributions. We also offer a range of benefits and
programs to meet employee needs, based on eligibility. These benefits include
comprehensive health care coverage, on-site health and wellness centers, a
retirement savings plan, backup childcare, tuition reimbursement, mental health
support, financial coaching and more. Additional details about total
compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring
to our global workforce are directly linked to our success. We are an equal
opportunity employer and place a high value on diversity and inclusion at our
company. We do not discriminate on the basis of any protected attribute,
including race, religion, color, national origin, gender, sexual orientation,
gender identity, gender expression, age, marital or veteran status, pregnancy or
disability, or any other basis protected under applicable law. We also make
reasonable accommodations for applicants’ and employees’ religious practices and
beliefs, as well as mental health or physical disability needs. Visit our FAQs
[ for more information about
requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including
Disability/Veterans
Organization Description
Our professionals in our Corporate Functions cover a diverse range of areas from
finance and risk to human resources and marketing. Our corporate teams are an
essential part of our company, ensuring that we’re setting our businesses,
clients, customers and employees up for success.
Risk Management helps the firm understand, manage and anticipate risks in a
constantly changing environment. The work covers areas such as evaluating
country-specific risk, understanding regulatory changes and determining credit
worthiness. Risk Management provides independent oversight and maintains an
effective control environment.
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, institutional and government clients under the
J.P. Morgan and Chase brands. Our history spans over 200 years and today we are
a leader in investment banking, consumer and small business banking, commercial
banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined
based on the role, experience, skill set and location. Those in eligible roles
may receive commission-based pay and/or discretionary incentive compensation,
paid in the form of cash and/or forfeitable equity, awarded in recognition of
individual achievements and contributions. We also offer a range of benefits and
programs to meet employee needs, based on eligibility. These benefits include
comprehensive health care coverage, on-site health and wellness centers, a
retirement savings plan, backup childcare, tuition reimbursement, mental health
support, financial coaching and more. Additional details about total
compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring
to our global workforce are directly linked to our success. We are an equal
opportunity employer and place a high value on diversity and inclusion at our
company. We do not discriminate on the basis of any protected attribute,
including race, religion, color, national origin, gender, sexual orientation,
gender identity, gender expression, age, marital or veteran status, pregnancy or
disability, or any other basis protected under applicable law. We also make
reasonable accommodations for applicants’ and employees’ religious practices and
beliefs, as well as mental health or physical disability needs. Visit our FAQs
[ for more information about
requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including
Disability/Veterans
Our professionals in our Corporate Functions cover a diverse range of areas from
finance and risk to human resources and marketing. Our corporate teams are an
essential part of our company, ensuring that we’re setting our businesses,
clients, customers and employees up for success.
Job Tags
Full time