Risk Management-Quant Model Director-Executive Director

JPMorgan Chase; Jersey City (NJ); On-site; USD 204,000 - 285,000; Full time

Job summary

JPMorgan Chase in Jersey City, NJ is seeking a Risk Management Quant Modeling Director-Executive Director to lead the validation and governance of Wholesale Grading models. You will drive standards, mentor teams, and communicate risk insights to stakeholders while shaping strategy.

The role requires advanced quantitative degrees and 10+ years in wholesale risk modeling, with strong leadership and Python experience in validation workflows. Join a firm focused on resilience and risk-aware growth.

Qualifications

• Master's or PhD in quantitative field (e.g., Math Finance, Stats, Physics, Engineering, Econometrics).
• 10+ years of experience in developing or validating wholesale credit risk models, focusing on grading models.
• Expertise in statistical/quantitative techniques for wholesale/grading model development and validation, with leadership.
• Experience with wholesale grading across lending types, including obligor rating models and collateral lending.
• Strong written and verbal communication skills; proven leadership and risk mindset.
• Strong project management and organizational skills; proficient in Python for model validation workflows.

Responsibilities

• Lead validation and governance of Wholesale Grading models and manage the team.
• Set and enhance standards for Wholesale model development practices.
• Evaluate adherence to development standards and performance metrics.
• Identify weaknesses and emerging risks through independent testing.
• Communicate risk assessments to stakeholders and document conclusions.
• Support ongoing model usage and aggregate model risk management; participate in audits.

Skills

Leadership

Project management

Python for model validation

Quantitative modeling

Strong communication

Education

Master's or PhD in a 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)

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

Base Pay/Salary

Jersey City,NJ $204,250.00 - $285,000.00 / year