JP Morgan Chase – Associate – Model Risk Management – MRGR Policy Practice & Governance Team

JP Morgan Chase; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A leading financial institution is seeking a Model Risk Management Associate to oversee governance policies and conduct model validation. The ideal candidate will have 3+ years in model risk, knowledge of financial modeling, and strong communication skills. The role involves managing governance projects and updating policies. This position is based in Mumbai, India and offers an exciting opportunity in a dynamic and growing team.

Qualifications

• Minimum 3 years experience in model risk or model development in a highly regulated environment.
• Knowledge of financial modeling, probability theory, and statistics.
• Proven ability to influence decisions in a multi-stakeholder context.

Responsibilities

• Manage multiple governance projects and tasks simultaneously.
• Communicate and manage project expectations clearly.
• Participate in process (re)engineering initiatives for operational excellence.

Skills

Model risk expertise

Analytical skills

Project management

Communication skills

Education

Degree in Economics, Finance, Sciences, Engineering or Computer Science

Job description

Overview

Model Risk Management – Policy Practice and Governance – Associate

Job Description:

– Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view.

– The Model Risk and Governance Group (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 decisions.

– MRGR carries out model validation activities and works closely with Risk, Finance and LOB professionals to review findings, on-going model risk measurement and risk mitigating strategies.

– As Model Risk Management – Policy Practice and Governance – Associate in the MRGR Policy, Practice and Governance team you will be responsible to oversees maintaining the group’s governing policies and procedures, while working on consistency, best practices, and improvements to our model risk management processes.

– You will be a member of the MRGR central Governance team and will work on cross-LOB governance activities and efforts relating to model risk management and process enhancements.

Responsibilities

• Manage multiple governance projects and tasks simultaneously and be flexible to work outside of the defined position as needed.
• Communicate and manage project expectations to program managers, sponsors, team members and other stakeholders in a clear and concise fashion.
• Participate in process (re)engineering initiatives with the aim to achieve operational excellence.
• Update MRGR governing policy and procedure documents as needed.
• Respond to requests on audit/regulatory exams.

Qualifications

• Minimum 3 years experience in model risk or model development in a highly regulated environment.
• Knowledge of financial modeling (e.g., probability theory, statistics, numerical analysis) or financial products (e.g. Derivatives, loans, payments, cards…).
• Proven ability to influence decisions in a multi stakeholder context.
• Excellent analytical and problem-solving skills.
• Excellent organizational and project management skills.
• Degree in Economics, Finance, Sciences, Engineering or Computer Science.

Preferred qualifications

• Open to candidates with a quantitative background as well as professionals from audit, business management, consulting, risk and governance.

Company and Equal Opportunity

JP Morgan Chase, 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. 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.

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