Risk Management-Quant Model Director-Executive Director

Next Frontier Capital; Jersey City (NJ); On-site; USD 180,000 - 280,000; Full time

Job summary

JPMorgan Chase in Jersey City seeks a Risk Management Quant Modeling Director-Executive Director in MRGR to lead validation and governance of Wholesale Grading models. You will provide technical leadership, collaborate with cross-functional teams, and shape risk strategy while expanding your expertise in quant modeling and risk governance.

The role requires a Master’s or PhD, 10+ years in wholesale credit risk modeling, and strong Python proficiency to build benchmarks and drive rigorous

Qualifications

• Requires Master’s or PhD in a quantitative field.
• 10+ years in developing or validating Wholesale credit risk models, with focus on grading models.
• Expertise in statistical and quantitative techniques for wholesale/grading models.
• Experience with wholesale grading across lending types and collateral-/facility-secured lending.
• Strong written and verbal communication skills.
• Proven leadership and risk-management mindset.
• Strong project management and organizational skills.

Responsibilities

• Senior role in validation and governance of Wholesale Grading models with team leadership.
• Set and enhance standards for Wholesale model development practices.
• Evaluate adherence to development standards and performance metrics.
• Identify weaknesses, limitations, and emerging risks through independent testing.
• Communicate risk assessments and findings to stakeholders.
• Document conclusions in high-quality technical reports.
• Support ongoing model usage and aggregate model risk management.
• Participate in model-related audits and regulatory examinations.
• Provide technical leadership and oversight.
• Collaborate with cross-functional teams.
• Manage multiple priorities in a fast-paced environment.

Skills

Leadership

Strong communication

Project management

Quantitative modeling

Education

Master’s or PhD in quantitative discipline

Tools

Python

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 Risk Management Quant Modeling Director-Executive Director in Model Risk and Governance Review (MRGR), you play a key role in ensuring robust model risk management. You will provide direction in the validation and governance of Wholesale Grading Models, collaborate with experts across the firm, and help shape business strategy. You will expand your quantitative modeling expertise and contribute to the firm’s resilience.

Job responsibilities:

• Play a senior role in the validation and governance of Wholesale Grading models across the firm including team leadership
• Set and enhance standards for Wholesale model development practices
• Evaluate adherence to development standards and performance metrics
• Identify weaknesses, limitations, and emerging risks through independent testing
• Communicate risk assessments and findings to stakeholders
• Document conclusions in high-quality technical reports
• Support ongoing model usage and aggregate model risk management
• Participate in model-related audits and regulatory examinations
• Provide technical leadership and oversight
• Collaborate with cross-functional teams
• Manage multiple priorities in a fast-paced environment

Required qualifications, capabilities, and skills:

• Master’s degree or PhD in a quantitative discipline (e.g., Mathematical Finance, Statistics, Mathematics, Physics, Engineering, Corporate Finance, Econometrics)
• Minimum of 10 years of experience developing or validating Wholesale credit risk models, with focus on grading models
• Expertise in statistical and quantitative techniques for Wholesale/grading model development and validation with the ability to provide technical leadership and insight and to evaluate modeling choices using both evidence and credit/economic intuition
• Experience with wholesale grading across lending types, including obligor rating models and collateral-/facility-secured lending
• Strong written and verbal communication skills
• Proven leadership and risk management mindset
• Strong project management and organizational skills
• Proficiency in Python for model validation workflows (e.g. building benchmark models)

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 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.

Senior person in model validation and governance for Wholesale Grading Models driving risk management excellence at JPMorgan Chase