Model Risk Management – Program Management – Associate

Testing Site - JPMC; Greater London; On-site; GBP 70,000 - 95,000; Full time

Job summary

JPMorgan Chase is seeking a Model Risk Management – Program Management – Associate to support the MRGR Chief Operating Office in designing, implementing, and executing the firm’s model risk management framework. You will help manage the model review book of work, oversee estimation risk committees, and contribute to model risk monitoring and reporting.

You will coordinate with policy, product, and technology teams to enhance model risk policies, procedures, and product/technology.

Qualifications

• Proven project and program management capabilities.
• Understanding of risk management and Three Lines of Defense in large organizations.
• Experience with model risk or model development functions is valuable.
• Strong communication and relationship-building with stakeholders.
• Ability to synthesize data and present to senior audiences.
• Self-motivated with excellent organizational skills and adaptability.
• Keen intellectual curiosity and quick learning ability.

Responsibilities

• Support model risk coverage activities for MRGR lines of business and prepare material for Risk Committees.
• Monitor and report model risk metrics and escalate breaches when needed.
• Coordinate with MRGR policy and product/technology teams to improve processes.
• Help manage CCAR and regulatory/audit deliverables and associated workflows.
• Collaborate with COO teams to implement tactical or strategic enhancements.

Skills

Project/Program management

Risk management frameworks

Stakeholder management

Synthetize data and commentary

Organizational skills

Curiosity and fast learning

Excel proficiency

Education

Analytical degree

Tools

Excel

Job description

Join JPMorgan Chase and play a pivotal role in Risk Management and Compliance, ensuring the firm's strength and resilience. Use your expertise to anticipate risks and solve challenges that affect our company and communities. Our culture encourages innovative thinking and challenges the status quo. As part of the Model Risk Governance and Review (MRGR) team, you'll support the management of model risk, ensuring model validation and governance activities are conducted to identify, measure, and mitigate model risk in the firm.

As a Model Risk Management – Program Management – Associate within the MRGR Chief Operating Office (MRGR COO), you will be part of a global and diverse team dedicated to supporting the design, implementation, and execution of the firm’s model risk management framework. You will ensure the execution of various model risk processes, including managing the model review book of work, overseeing estimation risk committees, and conducting model risk monitoring and reporting. Additionally, you will play a key role in regulatory, audit, and critical capital stress testing exercises such as CCAR. Your responsibilities will also include coordinating with the MRGR policy and MRGR product/technology teams to enhance model risk policy, procedures, and product/technology.

Job responsibilities

• Support model risk coverage activities for the respective MRGR Lines of Business, for example: prepare material for key Risk Committees and Forums, and model risk Business Review Meetings; lead model review and issue remediation planning and help Model Risk Officers with prioritization.
• Monitor and report model risk metrics, and facilitate escalation when breaches occur
• Centrally manage programs owned by MRGR to ensure the model risk framework’s smooth and effective execution, including processes like inventory confirmations, CCAR etc.
• Engage with senior leaders, development and model review teams on model risk activities impacting their area including on Regulatory and Audit deliverables.
• Identify process execution pain points and work with the other COO teams: Product, Policy and Analytics to come up with solutions and put tactical or strategic enhancements in place.

Required qualifications, capabilities, and skills

• Proven project/program management capabilities
• Goodunderstanding of risk management frameworks and the Three Lines of Defense model in large organizations. Experience working closely with model risk and/or model development functions
• Strong stakeholder management and teamwork skills, with clear communication and effective relationship building
• Ability to synthetize data and build commentary to share with a senior audience as needed.
• Self-motivation, outstanding organizational skills and ability to work in a fast-paced environment.
• Intellectual curiosity with a proven ability to learn quickly.
• Advanced knowledge of Excel

Preferred qualifications, capabilities, and skills

• A degree in an analytical field e.g. Business and Finance, Engineering, or Mathematics.
• Experience in Model Risk Management