Risk Management – Program Management – Senior Associate

Testing Site - JPMC; New York (NY); On-site; USD 120,000 - 160,000; Full time

Job summary

JPMorgan Chase is seeking an experienced Associate in Model Risk Management to support governance, risk identification, and regulatory exercises such as CCAR. You will coordinate with policy and technology teams to enhance model risk policy and procedures and collaborate with MRGR leaders on risk issues.

The role emphasizes project management, stakeholder engagement, and the ability to synthesize data for senior audiences in a fast-paced environment.

Qualifications

• Proven project/program management capabilities.
• Solid understanding of risk management frameworks.
• Experience with the Three Lines of Defense model in large organizations.
• Strong stakeholder management and teamwork skills.
• Ability to synthesize data for executive audiences.

Responsibilities

• Support model risk coverage activities and material for key Risk Committees and Forums.
• Monitor and report model risk metrics and escalate breaches as needed.
• Centrally manage MRGR programs to ensure smooth execution (e.g., CCAR).
• Engage with senior leaders and cross-functional teams on regulatory and audit deliverables.
• Identify pain points and work with Product/Policy/Analytics to implement improvements.

Skills

Project management

Risk management

Stakeholder management

Data synthesis

Self-motivation

Curiosity

Education

Analytical degree

Job description

Join JPMorgan Chase and play a pivotal role in Risk Management and Compliance, ensuring the firm's strength and resilience. Use your expertise to anticipate risks and solve challenges that affect our company and communities. Our culture encourages innovative thinking and challenges the status quo.

As a Model Risk Management – Program Management – Associate, you'll support the management of model risk, governance activities are conducted to identify, measure, and mitigate model risk in the firm. Additionally, you will play a key role in regulatory, audit, and critical capital stress testing exercises such as CCAR. Your responsibilities will also include coordinating with the MRGR policy and MRGR product/technology teams to enhance model risk policy, procedures, and product/technology.

Job responsibilities

• Support model risk coverage activities for the respective MRGR Lines of Business, for example: prepare material for key Risk Committees and Forums, and model risk Business Review Meetings; lead model review and issue remediation planning and help Model Risk Officers with prioritization.
• Monitor and report model risk metrics, and facilitate escalation when breaches occur
• Centrally manage programs owned by MRGR to ensure the model risk framework’s smooth and effective execution, including processes like inventory confirmations, CCAR etc.
• Engage with senior leaders, development and model review teams on model risk activities impacting their area including on Regulatory and Audit deliverables.
• Identify process execution pain points and work with the other COO teams: Product, Policy and Analytics to come up with solutions and put tactical or strategic enhancements in place.

Required qualifications, capabilities, and skills

• Proven project/program management capabilities
• Solid understanding of risk management frameworks and the Three Lines of Defense model in large organizations. Experience working closely with model risk and/or model development functions
• Strong stakeholder management and teamwork skills, with clear communication and effective relationship building
• Ability to synthetize data and build commentary to share with a senior audience as needed.
• Self-motivation, outstanding organizational skills and ability to work in a fast-paced environment.
• Intellectual curiosity with a proven ability to learn quickly.

Preferred qualifications, capabilities, and skills

• A degree in an analytical field e.g. Business and Finance, Engineering, or Mathematics.
• Experience in Model Risk Management