Risk Management - Quant Model Risk Vice-President at JPMorgan Chase & Co.
United States
$147.25k - $215k
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 implementing numerical algorithms and developing model prototypes. * Demonstrated curiosity and ownership, with a strong willingness to work collaboratively within a team-oriented environment. Preferred Qualifications, Capabilities and Skills * Experience developing, testing or validating AI/ML models is a plus 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 [https://careers.jpmorgan.com/us/en/how-we-hire/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.
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