Model Risk Program Associate - Model Risk Governance Review - Senior Associate
About The Position
As a Model Risk Program Associate within Corporate Aligned functions at JPMorgan Chase, you will assess risks associated with models used across functions including Human Resources, Legal, Finance, and Technology. The role involves independent testing, development of benchmarking tools, and ongoing monitoring of model performance. You will use technical expertise and intellectual rigor to assess conceptual soundness and identify emerging risks arising from component models and model-to-model interactions. The position sits within Risk Management and Compliance, which provides independent oversight and helps the firm anticipate, manage, and control risks. The role works with model developers, users, and control functions and communicates validation findings and recommendations to stakeholders.
Requirements
- A PhD or master’s degree in a quantitative field such as Mathematics, Physics, Engineering, Computer Science, Economics, or Finance.
- Data science knowledge gained through education and/or hands-on experience.
- Strong verbal and written communication skills, including the ability to work with other functional areas on model-related issues and write high-quality technical reports.
- Deep understanding of standard statistical techniques and AI/ML methods.
- Strong analytical and problem-solving skills.
- Ability to work independently and as part of a team.
- Ability to implement benchmarking models in Python, R, or an equivalent language.
- Risk- and control-oriented mindset, including the 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.
Nice To Haves
- Experience in model validation or risk management.
- Experience with model governance frameworks.
- Familiarity with generative AI models.
- Advanced proficiency in programming languages.
- Experience in financial services or banking.
Responsibilities
- Conduct independent model validation and governance activities to assess model soundness and mitigate model risk, particularly for statistical and AI/ML models.
- Provide expert judgment on model performance.
- Guide model usage and serve as the business’s first point of contact for new models and changes to existing models.
- Develop and implement alternative model benchmarks and compare outcomes across models.
- Liaise with model developers, users, and control functions to support model discovery and provide model risk guidance.
- Document validation processes and results, and communicate findings and recommendations to stakeholders.
- Design model performance metrics and evaluate model performance regularly.
Benefits
- Comprehensive health care coverage.
- On-site health and wellness centers.
- Retirement savings plan.
- Backup childcare.
- Tuition reimbursement.
- Mental health support.
- Financial coaching.
- Eligible roles may receive commission-based pay and/or discretionary incentive compensation in the form of cash and/or forfeitable equity.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Ph.D. or professional degree
