Risk Management - Model Risk Governance and Review - Policy Vice President

Testing Site - JPMC; New York (NY); On-site; USD 180,000 - 280,000; Full time

Job summary

JPMorgan Chase in New York seeks a Vice President for the Model Risk Governance and Review (MRGR) team to lead governance activities, manage model risk policies, and oversee technology and analytics development. You will work with risk stakeholders, align processes across the framework, and drive improvements to ensure effective risk management and compliance across the firm.

This role requires strong leadership, superb communication, and the ability to prioritize initiatives in a fast-paced

Qualifications

• Proven experience in developing and enhancing model risk management frameworks.
• Ability to juggle multiple priorities with clear decision-making.
• Strong analytical skills and strategic thinking.
• Exceptional attention to detail and communication skills.

Responsibilities

• Drive initiatives to enhance the model risk management framework, ensuring it is fit-for-purpose and can be efficiently executed by model risk stakeholders
• Ensure changes are consistently reflected across all model risk framework components, including policy, procedures, templates, metric definitions, and reporting design
• Serve as the primary contact for queries related to the model risk management framework
• Innovatively redesign model risk management processes for operational excellence, managing multiple projects simultaneously
• Collaborate with the infrastructure product team to align process and system designs
• Triage and prioritize proposed enhancements, engaging with management and stakeholders to provide transparency in a clear and concise manner
• Work closely with stakeholders in other teams/functions to gather feedback and promote consistency in model risk management practices
• Maintain strong connections with other frameworks and controls within the firm to ensure comprehensive model risk management

Skills

Model risk framework

Process re-engineering

Prioritization

Communication

Job description

Bring your Expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Vice President in the Model Risk Governance and Review (MRGR) team, you will support model risk stakeholders in governance activities, manage model risk policies, and oversee technology and analytics development, ensuring effective risk management and compliance. You'll play a crucial role in responsibly growing the business by anticipating risks and solving real-world challenges. Our culture encourages innovative thinking and excellence. As part of the Model Risk Governance and Review (MRGR) team, you'll support model risk stakeholders in governance activities, manage model risk policies, and oversee technology and analytics development, ensuring effective risk management and compliance.

Job Responsibilities

• Drive initiatives to enhance the model risk management framework, ensuring it is fit-for-purpose and can be efficiently executed by model risk stakeholders
• Ensure changes are consistently reflected across all model risk framework components, including policy, procedures, templates, metric definitions, and reporting design
• Serve as the primary contact for queries related to the model risk management framework
• Innovatively redesign model risk management processes for operational excellence, managing multiple projects simultaneously
• Collaborate with the infrastructure product team to align process and system designs
• Triage and prioritize proposed enhancements, engaging with management and stakeholders to provide transparency in a clear and concise manner
• Work closely with stakeholders in other teams/functions to gather feedback and promote consistency in model risk management practices
• Maintain strong connections with other frameworks and controls within the firm to ensure comprehensive model risk management

Required qualifications, capabilities, and skills

• Proven experience in developing and enhancing model risk management frameworks, along with expertise in process re-engineering
• Demonstrated ability to juggle multiple priorities while ensuring clear and transparent decision-making
• Strong analytical skills paired with strategic thinking abilities

• Exceptional attention to detail and outstanding communication skills

Preferred qualifications, capabilities, and skills

• Candidates with experience in model risk management, risk consulting, or roles focused on risk and control