Model Risk Governance & Validation Associate

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

Job summary

JPMorgan Chase is seeking an accomplished professional for the Model Risk Governance and Review (MRGR) team in Jersey City. The role involves independent model validation and governance across CIB Wholesale Payments and Data Science, with exposure to cutting-edge AI/ML, and risk management practices.

You will work on diverse modeling approaches, assess design soundness, and communicate findings through high-quality technical reports, partnering with Risk and Finance to implement robust controls

Qualifications

• Master's or PhD in a quantitative discipline such as Math, Statistics, Economics, Finance, Engineering or related fields.
• 2+ years in model validation, development, or analytical roles in financial services or similar.
• Strong communication with ability to present complex concepts to varied audiences.
• Solid foundation in statistics with hands-on ML techniques including Regression, Boosted Trees, Neural Networks, SVM, and LLMs.
• Proficiency in Python with data analysis and ML libraries and experience with LLM frameworks.
• Experience with Generative AI, LLMs, prompt engineering, and agentic AI systems.

Responsibilities

• Conduct independent model validation and governance across a diverse portfolio to mitigate model risk.
• Evaluate adherence to development standards and assess design, assumptions, inputs, testing, implementation, and performance metrics.
• Identify weaknesses, limitations, and emerging risks through testing and monitoring.
• Communicate risk assessments and document high-quality technical reports for stakeholders.
• Determine whether tools/apps qualify as models under the MRGF framework, differentiating models from analytical tools.
• Collaborate with Risk and Finance to provide guidance on usage, controls, and ongoing testing.
• Design, build, and test LLM-based use cases to enhance MRGR processes.

Skills

Quantitative analysis

Strong communication

Statistics

Machine learning

Python programming

LLM / Generative AI

Education

Master's or PhD in quantitative field

Tools

Python

LLM frameworks/APIs

RAG architectures

Job description

JPMorgan Chase is seeking an accomplished professional for the Model Risk Governance and Review (MRGR) team in Jersey City. The role involves independent model validation and governance across CIB Wholesale Payments and Data Science, with exposure to cutting-edge AI/ML, and risk management practices.

You will work on diverse modeling approaches, assess design soundness, and communicate findings through high-quality technical reports, partnering with Risk and Finance to implement robust controls