Risk Management - Model Risk Program Associate

Next Frontier Capital; Jersey City (NJ); On-site; USD 180,000 - 250,000; Full time

Job summary

JPMorgan Chases MRGR AI COE team seeks a risk-savvy professional to design and deploy AI-native tools for model risk governance. You will build workflows enabling validation and governance with a focus on AI/LLM systems and generative AI deployments across the firm.

The role requires mastery in AI/ML, LLM architectures, and prompt engineering, plus strong communication to explain complex concepts to both technical and non-technical audiences. Collaboration with MRGR teams is essential.

Qualifications

• Master's or PhD in a quantitative field with strong analytical skills.
• Hands-on experience with AI/ML and LLM technologies, including prompt engineering and RAG architectures.
• Strong foundations in statistics, econometrics, and ML techniques, with explainability and evaluation focus.
• Familiarity with LLM tooling and deployment workflows across platforms.

Responsibilities

• Design, build, and deploy AI and LLM solutions for MRGR processes.
• Collaborate with MRGR teams to modernize model risk governance with AI.
• Stay current with AI/LLM advances and evaluate applicability to MRGR workflows.
• Enable MRGR teams to adopt AI tools in day-to-day governance activities.
• Conduct independent model validation focusing on AI/LLM systems.

Skills

Applied AI/ML

LLM technologies

Prompt engineering

Statistical methods

Communication skills

Education

Master's or PhD

Tools

Claude Code

GitHub Copilot

LangChain

Vector databases

Job description

Join JPMorgan Chase’s Risk Management and Compliance team, where your expertise will drive the re-engineering of how model risk is managed across the firm. As part of the Model Risk Governance and Review (MRGR) AI Center of Excellence (AI COE) team, your work will be instrumental in transforming the model risk lifecycle and enabling a new paradigm for how risk professionals and model developers collaborate.

As a Risk Management - Model Risk Program Associate in the Model Risk Governance and Review (MRGR) AI Center of Excellence (AI COE) team, you will design and build AI-native tools, workflows, and platforms that re-engineer how model risk professionals conduct validation and governance. You will also bring deep applied AI expertise to the review of AI/ML and LLM-based models deployed across the firm. This role places you at the forefront of how Generative AI is being operationalized in financial services.

Job Responsibilities

• Design, build, and deploy AI and LLM-based solutions that transform core MRGR processes and workflows during validation and governance.
• Work closely with MRGR teams to identify opportunities for AI to enhance and modernize model risk management practices and to understand the unique challenges and requirements of model risk governance.
• Remain current with emerging AI and LLM developments, get hands-on with new capabilities to understand their strengths and limitations, assess how they can be applied within MRGR workflows, and communicate actionable recommendations to stakeholders.
• Enable MRGR teams to effectively leverage AI tools and platforms in their day-to-day workflows, ensuring adoption is aligned with evolving best practices across the organization.
• Conduct independent model validation and governance activities to mitigate model risk, with a focus on AI/ML models, LLM-based applications, and Generative AI systems.

Required Qualifications, Capabilities, and Skills

• Master's or PhD degree in a quantitative discipline such as Mathematics, Statistics, Computer Science, Engineering, Economics, Finance, or a related field, with strong quantitative and analytical skills.
• Hands-on experience with applied AI/ML and LLM technologies, including prompt engineering, RAG architectures, agentic AI systems, context engineering, agent skills, MCP architecture, agentic harness, LLM evaluation and beyond.
• Strong foundation in statistics, econometrics, and machine learning techniques, with a deep understanding of model assumptions, limitations, explainability, and performance evaluation.
• Familiarity with LLM application tooling and frameworks (e.g., Claude Code, GitHub Copilot, LangChain, vector databases, embedding models, orchestration layers) and an understanding of how these components integrate in end-to-end deployed systems. Passion to stay at the forefront of how Generative AI is being operationalized in financial services and a desire to be a hands-on builder of AI solutions.
• Strong communication skills with the ability to present complex AI concepts to both technical and non-technical audiences. A risk and control mindset with the ability to ask incisive questions, assess the materiality of model issues, and escalation appropriately

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

Design and develop AI solutions that transform model risk governance and review work.