Executive Director, Quant Risk Modeling & Governance

JPMorganChase; Jersey City (NJ); On-site; USD 230,000 - 320,000; Full time

Job summary

JPMorganChase invites a Risk Management Quant Modeling Director-Executive Director to join MRGR in New Jersey. You will validate Wholesale Grading models and provide technical leadership. This role emphasizes collaborating with cross-functional teams and shaping governance standards across the firm.

You will leverage advanced quantitative techniques, drive risk assessments, and communicate findings through high-quality reports, supporting ongoing model risk management in a fast-paced environment.

Qualifications

• Master's degree or PhD in a quantitative discipline (e.g., Mathematical Finance, Statistics, Mathematics, Physics, Engineering, Econometrics).
• Minimum of 10 years of experience developing or validating Wholesale credit risk models, with focus on grading models.
• Expertise in statistical and quantitative techniques for Wholesale/grading model development and validation with the ability to provide technical leadership and insight.
• Experience with wholesale grading across lending types, including obligor rating models and collateral-/facility-secured lending.
• Strong written and verbal communication skills.
• Proven leadership and risk management mindset.
• Strong project management and organizational skills.
• Proficiency in Python for model validation workflows (e.g. building benchmark models).

Responsibilities

• Play a senior role in the validation and governance of Wholesale Grading models across the firm including team leadership
• Set and enhance standards for Wholesale model development practices
• Evaluate adherence to development standards and performance metrics
• Identify weaknesses, limitations, and emerging risks through independent testing
• Communicate risk assessments and findings to stakeholders
• Document conclusions in high-quality technical reports
• Support ongoing model usage and aggregate model risk management
• Participate in model-related audits and regulatory examinations
• Provide technical leadership and oversight
• Collaborate with cross-functional teams
• Manage multiple priorities in a fast-paced environment

Skills

Leadership

Python

Model validation

Credit risk models

Quantitative methods

Communication

Project management

Team collaboration

Education

Master's degree or PhD in quantitative discipline

Tools

Python

SAS

Job description

JPMorganChase invites a Risk Management Quant Modeling Director-Executive Director to join MRGR in New Jersey. You will validate Wholesale Grading models and provide technical leadership. This role emphasizes collaborating with cross-functional teams and shaping governance standards across the firm.

You will leverage advanced quantitative techniques, drive risk assessments, and communicate findings through high-quality reports, supporting ongoing model risk management in a fast-paced environment.