Risk Management-Quant Model Director-Executive Director

JPMorgan Chase & Co.•Jersey City, NJ

3d•$204,250 - $285,000

About The Position

As a Risk Management Quant Modeling Director-Executive Director in Model Risk and Governance Review (MRGR), you play a key role in ensuring robust model risk management. You will provide direction in the validation and governance of Wholesale Grading Models, collaborate with experts across the firm, and help shape business strategy. You will expand your quantitative modeling expertise and contribute to the firm’s resilience.

Requirements

Master’s degree or PhD in a quantitative discipline (e.g., Mathematical Finance, Statistics, Mathematics, Physics, Engineering, Corporate Finance, Econometrics)
Minimum of 10 years of experience developing or validating Wholesale credit risk models, with focus on grading models
Expertise in statistical and quantitative techniques for Wholesale/grading model development and validation with the ability to provide technical leadership and insight and to evaluate modeling choices using both evidence and credit/economic intuition
Experience with wholesale grading across lending types, including obligor rating models and collateral-/facility-secured lending
Strong written and verbal communication skills
Proven leadership and risk management mindset
Strong project management and organizational skills
Proficiency in Python for model validation workflows (e.g. building benchmark models)

Responsibilities

Play a senior role in the validation and governance of Wholesale Grading models across the firm including team leadership
Set and enhance standards for Wholesale model development practices
Evaluate adherence to development standards and performance metrics
Identify weaknesses, limitations, and emerging risks through independent testing
Communicate risk assessments and findings to stakeholders
Document conclusions in high-quality technical reports
Support ongoing model usage and aggregate model risk management
Participate in model-related audits and regulatory examinations
Provide technical leadership and oversight
Collaborate with cross-functional teams
Manage multiple priorities in a fast-paced environment