Model Risk Management - Program Management - Associate

Next Frontier Capital; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

TwinThread is seeking an Associate for Model Risk Management. In this role, you will support model risk coverage within the MRGR team, manage model review processes, and engage with senior leaders on risk activities.

Key qualifications include proven project management skills, an understanding of risk frameworks, and strong stakeholder management abilities. A degree in an analytical field such as Business or Finance is preferred. This position is based in Greater London.

Qualifications

• Proven project/program management capabilities.
• Good understanding of risk management frameworks.
• Strong stakeholder management and teamwork skills.
• Ability to synthesize data and communicate effectively.
• Self-motivation and outstanding organizational skills.
• Intellectual curiosity and ability to learn quickly.

Responsibilities

• Support model risk coverage activities for MRGR Lines of Business.
• Monitor and report model risk metrics.
• Manage programs to ensure model risk framework execution.
• Engage with senior leaders on model risk activities.
• Identify execution pain points and propose enhancements.

Skills

Project/program management

Risk management frameworks

Stakeholder management

Data synthesis and commentary

Organizational skills

Advanced Excel

Education

Degree in Business, Finance, Engineering, or Mathematics

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
• Good understanding 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 synthesize 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

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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.