Model Risk Validation & Governance Associate

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

Benefits offered by this job

Health insurance

On-site health and wellness centers

Retirement savings plan

Tuition reimbursement

Mental health support

Job summary

JPMorgan Chase is seeking a Model Risk Program Associate in the Risk Management and Compliance area. You will assess risks of models used across Corporate Aligned functions, including HR, Legal, Finance and Technology, performing independent testing and developing benchmarking tools.

The role requires a PhD or Master’s in a quantitative field, strong AI/ML knowledge, and proficiency in Python or R. You will interact with model developers and stakeholders, document findings, and contribute to an

Qualifications

• PhD or Master’s degree in Mathematics, Physics, Engineering, Computer Science, Economics or Finance is required.
• Strong verbal and written communication with the ability to write high-quality technical reports.
• Deep understanding of standard statistical techniques and AI/ML methods.
• Strong analytical and problem-solving skills.
• Attention to detail and commitment to quality.
• 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; ability to assess model issues and escalate appropriately.

Responsibilities

• Conduct independent model validation and governance activities to assess model soundness with focus on statistical models and AI/ML.
• Provide expert judgment on model performance.
• Guide model usage and act as the first point of contact for the business on new or changed models.
• Develop and implement alternative benchmarking models and compare outcomes across models.
• Liaise with model developers, users, and control functions to aid discovery and guidance on risk.
• Document validation processes and communicate findings and recommendations to stakeholders.
• Design model performance metrics and evaluate model performance regularly.

Skills

Python

R

AI/ML

Communication

Analytical

Detail-oriented

Independent work

Benchmarking models

Education

PhD or Master’s in quantitative field

Tools

Python

R

XGBoost

Neural Networks

Job description

JPMorgan Chase is seeking a Model Risk Program Associate in the Risk Management and Compliance area. You will assess risks of models used across Corporate Aligned functions, including HR, Legal, Finance and Technology, performing independent testing and developing benchmarking tools.

The role requires a PhD or Master’s in a quantitative field, strong AI/ML knowledge, and proficiency in Python or R. You will interact with model developers and stakeholders, document findings, and contribute to an