Executive Director, Quant Risk Modeling & Model Governance

Aumni; Jersey City (NJ); On-site; USD 180,000 - 280,000; Full time

Job summary

JPMorgan Chase in Jersey City seeks a Risk Management Quant Modeling Director-Executive Director in MRGR to lead validation and governance of Wholesale Grading models. You will provide technical leadership, collaborate with cross-functional teams, and shape risk strategy while expanding your expertise in quant modeling and risk governance.

The role requires a Master’s or PhD, 10+ years in wholesale credit risk modeling, and strong Python proficiency to build benchmarks and drive rigorous

Qualifications

• Requires Master’s or PhD in a quantitative field.
• 10+ years in developing or validating Wholesale credit risk models, with focus on grading models.
• Expertise in statistical and quantitative techniques for wholesale/grading models.
• Experience with wholesale grading across lending types and collateral-/facility-secured lending.
• Strong written and verbal communication skills.
• Proven leadership and risk-management mindset.
• Strong project management and organizational skills.

Responsibilities

• Senior role in validation and governance of Wholesale Grading models with 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

Strong communication

Project management

Quantitative modeling

Education

Master’s or PhD in quantitative discipline

Tools

Python

Job description

JPMorgan Chase in Jersey City seeks a Risk Management Quant Modeling Director-Executive Director in MRGR to lead validation and governance of Wholesale Grading models. You will provide technical leadership, collaborate with cross-functional teams, and shape risk strategy while expanding your expertise in quant modeling and risk governance.

The role requires a Master’s or PhD, 10+ years in wholesale credit risk modeling, and strong Python proficiency to build benchmarks and drive rigorous