Model Risk Governance & Validation Associate

JPMorganChase; Jersey City (NJ); On-site; USD 120,000 - 180,000; Full time

Job summary

JPMorgan Chase is seeking a Model Risk Program Associate within the Corporate Aligned functions. You will assess model risks across HR, Legal, Finance and Technology, perform independent testing, develop benchmarking tools, and monitor model performance.

You will leverage technical expertise to assess conceptual validity and model interactions. You will collaborate with developers, users, and control teams to guide model usage, document processes, and present findings to stakeholders.

Qualifications

• PhD or Master’s in Mathematics, Physics, Engineering, CS, Economics or Finance is required.
• Data Science education and/or hands-on experience.
• Strong verbal and written communication with ability to interface with other functions on model issues and write high-quality technical reports.
• Deep understanding of standard statistical techniques and AI/ML methods.
• Strong analytical and problem-solving skills.
• Ability to work independently and as part of a team.
• Ability to implement benchmarking models in Python, R, or equivalent.
• Risk- and control-oriented mindset with incisive questioning and issue elevation.
• Ability to work in a fast-paced, results-driven environment.

Responsibilities

• Conduct independent model validation and governance activities to assess model soundness, focusing on statistical models and AI/ML methods.
• Provide expert judgment on model performance.
• Guide on model usage and serve as the primary contact for new models and changes.
• Develop and implement alternative model benchmarks and compare outcomes across models.
• Liaise with model developers, users, and control functions to aid discovery and provide guidance on model risk.
• Document validation processes and results, communicating findings and recommendations to stakeholders.
• Design model performance metrics and evaluate performance regularly.

Skills

Data Science

Communication skills

Statistical methods

Analytical thinking

Python

R

Benchmarking models

Independent work

Team collaboration

Adaptability to pace

Education

PhD or Master’s in a quantitative field

Tools

Python

R

Job description

JPMorgan Chase is seeking a Model Risk Program Associate within the Corporate Aligned functions. You will assess model risks across HR, Legal, Finance and Technology, perform independent testing, develop benchmarking tools, and monitor model performance.

You will leverage technical expertise to assess conceptual validity and model interactions. You will collaborate with developers, users, and control teams to guide model usage, document processes, and present findings to stakeholders.