Quant Model Risk Lead - Governance, Mentorship & Innovation

Testing Site - JPMC; New York (NY); On-site; USD 180,000 - 260,000; Full time

Job summary

JPMorganChase seeks a Quant Model Risk Vice President in New York within the Model Risk Governance and Review team. You will assess and mitigate risks for complex models used in valuation, risk measurement, and decision-making.

You will lead reviews of pricing models, develop performance metrics, and mentor junior staff, collaborating with model developers, Risk, and Valuation Control Groups to ensure robust governance.

Qualifications

• Advanced degree in a quantitative discipline (e.g., mathematics, statistics, financial engineering).
• Deep understanding of option pricing theory and quantitative models for pricing/hedging derivatives.

Responsibilities

• Perform thorough reviews of complex pricing models and valuation engines; assess conceptual soundness and model appropriateness.
• Evaluate model behavior and governance requirements; identify limitations and improvement areas.
• Develop and implement model benchmarks; design performance metrics to monitor model outcomes.
• Oversee remediation and ensure models remain fit for purpose and compliant with internal/regulatory standards.
• Liaise with model developers, Risk, and Valuation Control Groups; provide guidance on governance and usage.
• Mentor and develop junior team members to enhance overall team performance.

Skills

Pricing models

Risk management

Model governance

Python/C++

Model validation

Education

Master's or PhD in quantitative field

Tools

Python

C/C++

Numerical methods

Job description

JPMorganChase seeks a Quant Model Risk Vice President in New York within the Model Risk Governance and Review team. You will assess and mitigate risks for complex models used in valuation, risk measurement, and decision-making.

You will lead reviews of pricing models, develop performance metrics, and mentor junior staff, collaborating with model developers, Risk, and Valuation Control Groups to ensure robust governance.