JPMorgan Chase Corporate - Model Risk Governance & Review - Model Review Group – Market Risk Capital - VP in Jersey City, New Jersey

The Model Review Group (MRG) is responsible for conducting model validation to help identify, measure, and mitigate Model Risk. MRG works closely with Risk, Finance and LOB professionals to review findings, on-going model risk measurement and risk mitigating strategies

Key Responsibilities:

  • Independently review, analyze and test various market risk capital models

  • Maintain effective challenge, critical thinking, independence and strong compliance to policy and procedures in model review activities

  • Effectively manage business priorities to complete high quality model review work

  • Effectively support regulatory and audit requests

JP Morgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/

  • MSc or PhD qualification in Mathematics, Physics, Engineering, Finance or Statistics

  • Mid-level experience [3-7 years] in a Model Validation or Front Office Quant role

  • Excellent mathematical ability with a deep understanding of mathematical, statistical, econometrics, and numerical methods used in quantitative finance

  • Excellent general knowledge about financial derivative pricing and specific knowledge concerning market risk models such as IDR, IRC, CRM, IDR

  • Excellent written communication skills, team player with strong interpersonal and communication skills

  • Familiar with SR 11-07, Basel rules and the broader regulatory environment

  • Good programming skills in Python, R, VBA or similar programming languages

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.