About this opportunity
JPMorgan Chase & Co. lists this Risk Management-Quant Model Director-Executive Director opportunity in jersey city, New Jersey. Review the employer’s description below for duties, qualifications and application requirements.
Job description
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.
Job 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
Required qualifications, capabilities, and skills:
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)
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Worksite address
jersey city, NJ, 07390, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.