Risk Management-Quant Model Director-Executive Director
About The Position
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 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
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What This Job Offers
Job Type
Full-time
Career Level
Executive
