Quant Model Risk VP: Lead, Governance & Validation

JPMorgan Chase; Jersey City (NJ); On-site; USD 180,000 - 260,000; Full time

Job summary

JPMorganChase is seeking a Quant Model Risk Vice President to lead governance for complex valuation, risk measurement, and capital models. You will assess model soundness, drive improvements, and mentor junior staff in a collaborative environment.

You will interact with model developers and risk teams, ensuring models meet regulatory expectations. This role emphasizes leadership, expert judgment, and cross-functional partnership across risk and valuation functions.

Qualifications

• Advanced degree in a quantitative discipline (MSc/PhD or equivalent).
• Extensive knowledge of probability, stochastic processes, statistics, PDEs, numerical analysis.
• Deep understanding of option pricing theory and quantitative models for pricing/hedging derivatives.

Responsibilities

• Perform reviews of complex pricing models including valuation engines and reserve methodologies.
• Evaluate model behavior and ensure pricing models are fit for purpose; identify limitations and improvements.
• Develop and implement benchmarks; design and maintain model performance metrics.
• Continuously evaluate model performance and ensure compliance with internal and regulatory standards; oversee remediation.
• Serve as primary contact for model implementations and changes; provide guidance on usage and governance.
• Liaise with model developers, Risk, and Valuation Control Groups to support model risk management.
• Manage and develop junior team members; provide mentorship and support to foster growth.

Skills

C/C++

Python

Model risk governance

Mentorship

Communication

Quantitative modeling

Education

MSc/PhD in quantitative discipline

Tools

C/C++

Python

Job description

JPMorganChase is seeking a Quant Model Risk Vice President to lead governance for complex valuation, risk measurement, and capital models. You will assess model soundness, drive improvements, and mentor junior staff in a collaborative environment.

You will interact with model developers and risk teams, ensuring models meet regulatory expectations. This role emphasizes leadership, expert judgment, and cross-functional partnership across risk and valuation functions.