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Form of work
SalaryModel Risk Governance & Review (MRGR) is responsible for conducting model validation to help identify, measure, and mitigate Model Risk. The objective is to ensure that models are used appropriately in the business context, and that model users are aware of the models' strengths and limitations and how these can impact their business decisions. MRGR carries out model validation activities and works closely with Risk, Finance and LOB professionals to review findings, measure Model Risks on an on-going basis, and assess risk mitigating strategies.
As part of MRGR, the Central Governance team is responsible for maintaining the group’s governing policies, standards and procedures, while pursuing consistency, best practices, and improvements to our Model Risk management framework.
The successful candidate will join the MRGR Central Governance team to support the planning and execution of cross-LOB Model Risk Governance activities, and contribute to the team’s efforts in process enhancements.
Job Responsibilities:
• Actively and creatively participate in process (re)engineering and automation initiatives with the aim to achieve operational excellence
• Effectively communicate and manage project expectations and status to program managers, sponsors, team members and other stakeholders in a clear and concise fashion
• Manage multiple governance projects and tasks simultaneously and be flexible to work outside of the defined position as needed
• Maintain and improve MRGR governing policy, standard and procedure documents
• Provide timely responses to information requests for audit/regulatory reviews
Required qualifications, capabilities, and skills.
• Experience in Model Risk management or model development in a highly regulated environment
• Knowledge in financial modeling (e.g., probability theory, statistics, numerical analysis) and/or financial products (e.g., derivatives, loans, payments, cards)
• Proficiency in Microsoft Office for documentation, presentation, data processing and reporting
• Outstanding analytical and problem-solving skills
• Excellent organizational and project management skills
• Strong, clear, and concise written and verbal communication
• High degree of initiative, attention to details, and ability to work well under pressure
Preferred qualifications, capabilities, and skills
• Quantitative background e.g., academic degree in Mathematics, Engineering or Computer Science
• Professional experience in consulting, risk management, governance, and audit
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
