Model Risk Management – Program Management – Associate

JPMorgan Chase & Co.; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

JPMorgan Chase & Co. is seeking an Associate for Model Risk Management – Program Management within the MRGR Chief Operating Office. You will help design, implement and execute the firm’s model risk framework and support review processes across global teams.

The role emphasizes coordinating with policy, product and analytics teams, preparing materials for risk committees, and contributing to CCAR and regulatory deliverables. A strong program management background and risk literacy are essential.

Qualifications

• Proven project/program management capabilities.
• Good understanding of risk management frameworks and the Three Lines of Defense model in large organizations.
• Strong stakeholder management and teamwork with clear communication.
• Ability to synthesize data and build commentary for senior audiences.
• Self-motivation and highly organized in a fast-paced environment.

Responsibilities

• Support model risk coverage activities for MRGR Lines of Business and prepare material for key Risk Committees and Forums.
• Monitor and report model risk metrics and escalate breaches.
• Centrally manage programs owned by MRGR to ensure smooth execution (inventory, CCAR, etc.).
• Engage with senior leaders and model review teams on regulatory deliverables.
• Identify process pain points and coordinate with COO teams to implement improvements.

Skills

Project management

Risk management

Stakeholder management

Data synthesis

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