Valuation Risk & Model Governance Associate

Next Frontier Capital; Warszawa; On-site; PLN 455,235 - 682,853; Full time

Job summary

J.P. Morgan is seeking an Associate to specialize in model risk within the Valuation Control Group, focusing on fair value and prudent valuation methodologies, documentation, and controls.

The role involves collaboration with Model Review and Quantitative Research to ensure rigorous risk management and governance across multiple product types. The candidate will contribute to enhancements of the risk framework, communicate risks to senior stakeholders, and develop training and guidelines for

Qualifications

• Experience with model validation and/or development is a strong plus.
• Experience of valuation control processes is desirable but not a requirement.
• Knowledge and experience across financial products, models, and asset classes.
• Analytical, quantitative aptitude and attention to detail
• Strong verbal and written communications skills to interface with a wide variety of functional areas.
• Ability to ask incisive questions, converge on critical matters, assess materiality and elevate issues.
• Working knowledge of Python and/or VBA and Excel.

Responsibilities

• Assists in overseeing model risk for the Valuation Control Group through the tracking of model limitations, ongoing model performance metrics and independent testing of model risk mitigants and compensating controls for fair value and prudent valuation adjustment models.
• Creates, reviews and evaluates documentation of fair value and prudent valuation adjustments models across a broad set of products for consistency and adherence to the firm’s model development and review standards.
• Works closely with Model Review and Quantitative Research groups and model owners during review and approval cycles, to resolve queries and ensure adherence to the firm’s model risk management controls.
• Introduces enhancements to the strategic target state risk management framework for fair value and prudent valuation adjustments models.
• Summarizes and communicate model risks to senior stakeholders in a clear and concise manner.
• Develops best practice guidelines and training materials related to Model Risk Management

Skills

Model validation

Quantitative aptitude

Communication skills

Questioning & critical thinking

Python

VBA

Excel

Tools

Python

VBA

Excel

Job description

J.P. Morgan is seeking an Associate to specialize in model risk within the Valuation Control Group, focusing on fair value and prudent valuation methodologies, documentation, and controls.

The role involves collaboration with Model Review and Quantitative Research to ensure rigorous risk management and governance across multiple product types. The candidate will contribute to enhancements of the risk framework, communicate risks to senior stakeholders, and develop training and guidelines for