Model Risk Governance and Review Policy Associate

J.P. Morgan; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global financial services firm is seeking a skilled individual to enhance and manage model risk across the organization. The role emphasizes developing a cohesive framework while collaborating with various teams to ensure effective risk management. Candidates should have strong analytical and strategic abilities, with proven experience in model risk management frameworks. This position offers a unique opportunity to impact the organization's risk landscape significantly.

Qualifications

• Proven experience in developing and enhancing model risk management frameworks.
• Ability to juggle multiple priorities and ensure transparent decision-making.
• Strong analytical skills and strategic thinking abilities.

Responsibilities

• Drive initiatives to enhance the model risk management framework.
• Ensure changes are reflected across all model risk framework components.
• Serve as the primary contact for queries related to model risk management.
• Innovatively redesign model risk management processes.
• Collaborate with infrastructure product teams on process alignment.

Skills

Model risk management frameworks

Process re-engineering

Analytical skills

Strategic thinking

Communication skills

Job description

Be at the forefront of risk management and compliance, where your expertise will help the firm grow responsibly by anticipating and mitigating new and emerging risks. As part of our dynamic team, you’ll challenge the status quo and strive to be best-in‑class, solving real‑world challenges that impact our company, customers, and communities. This is your opportunity to make a significant impact in a global team of modeling experts, ensuring models are fit for purpose and used appropriately within the business context.

As a key member of the MRGR Policy Team within MRGR COO, you will play a critical role in enhancing and maintaining a cohesive and robust framework for managing model risk across the firm. You will be a strategic thinker with an innovative mindset, capable of re‑engineering processes and collaborating across various teams to ensure efficiency, consistency, and alignment with organizational goals.

Job Responsibilities

• Drive initiatives to enhance the model risk management framework, ensuring it is fit-for-purpose and efficiently executed by stakeholders.
• Ensure changes are consistently reflected across all model risk framework components, including policy, procedures, templates, metric definitions, and reporting design.
• Serve as the primary contact for queries related to the model risk management framework.
• Innovatively redesign model risk management processes for operational excellence, managing multiple projects simultaneously.
• Collaborate with the infrastructure product team to align process and system designs.
• Triage and prioritize proposed enhancements, engaging with management and stakeholders to provide transparency.
• Work closely with stakeholders in other teams/functions to gather feedback and promote consistency in model risk management practices.
• Maintain strong connections with other frameworks and controls within the firm to ensure comprehensive model risk management.

Required Qualifications, Capabilities, and Skills

• Proven experience in developing and enhancing model risk management frameworks, along with expertise in process re‑engineering.
• Demonstrated ability to juggle multiple priorities while ensuring clear and transparent decision‑making.
• Strong analytical skills paired with strategic thinking abilities.
• Exceptional attention to detail and outstanding communication skills.

Preferred Qualifications, Capabilities, and Skills

• Experience in model risk management, risk consulting, or roles focused on risk and control.