Risk Management - Quant Modeling Lead - Vice President

JPMorgan Chase & Co. • Jersey City, NJ

1d

About The Position

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.

Requirements

• 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.

Nice To Haves

• 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.

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.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees