Risk Management - Quant Model Risk Vice-President

Testing Site - JPMC; Jersey City (NJ); Sur place; USD 180 000 - 290 000; Plein temps

Résumé du poste

JPMorgan Chase in Jersey City seeks a senior Vice-President in Risk Management - Quant Model Risk to lead thorough reviews of complex credit risk, finance, and investment models within wealth management. You will evaluate model behavior, establish benchmarks, and drive governance with cross-functional teams.

The role requires a strong quantitative background, 7+ years in modeling, and advanced programming in R/Python/SAS.

Qualifications

• Advanced degree in a quantitative discipline such as mathematics, statistics, financial engineering, or related field.
• Minimum of 7 years in model development or model validation, and at least 3 years in mortgage models.
• Strong analytical and problem-solving skills with an inquisitive mindset.
• Excellent written and verbal communication, ability to explain complex quantitative concepts.

Responsabilités

• Lead through reviews of complex credit risk, finance and investment models in wealth management.
• Evaluate model behavior and suitability of estimation models for applications; identify limitations.
• Develop alternative model benchmarks and robust performance metrics to compare models.
• Ensure models remain fit for purpose and compliant with internal and regulatory standards; oversee remediation.
• Serve as the primary contact for new model implementations and governance requirements.
• Collaborate with model developers, Risk, and finance teams on governance and validation standards.

Connaissances

Quantitative modeling

Risk management

Model validation

Statistical analysis

Programming (R Python SAS)

Model governance

Communication

Formation

MSc/PhD in quantitative discipline

Outils

R

Python

SAS

Description du poste

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 Model Risk Vice-President within the Risk Management organization, you will lead thorough reviews of complex credit risk, finance and investment management models in the wealth management business.

Job Responsibilities

• Leadthorough reviews of complexcredit risk, finance and investment managementmodels in the wealth management business. Analyze the conceptual soundness, model design, and appropriateness of models for specific products and purposes.
• Evaluate model behavior and ensure the suitability of estimation models for their intended applications, identifying potential limitations and areas for improvement.
• Lead the development of alternative model benchmarks. Design and maintain robust model performance metrics to compare and monitor the outcomes of various models.
• Continuously evaluate model performance, ensuring models remain fit for purpose and compliant with internal and regulatory standards. Recommend enhancements and oversee remediation where necessary.
• Serve as the primary point of contact for the business regarding new model implementations and changes to existing models. Provide expert guidance on model usage, limitations, and governance requirements.
• Liaise effectively with model developers, Risk, and finance team. Offer guidance and support on model governance, validation standards, and regulatory expectations.

Required Qualifications, Capabilities and Skills

• Advanced degree (MSc, PhD, or equivalent) in a quantitative discipline such as mathematics, statistics, financial engineering, or related field.
• Advanced knowledge of probability theory, stochastic processes, statistics, and numerical analysis, with demonstrated ability to apply these concepts to financial modeling and risk assessment.
• Minimum of 7 years of relevant experience in model development or model validation, and at least 3 years of experience in the development or validation of mortgage models.
• Strong analytical and problem-solving skills, with an inquisitive mindset and the ability to formulate insightful questions, identify model limitations, and escalte issues appropriately.
• Excellent written and verbal communication skills, with the ability to clearly explain complex quantitative concepts to both technical and non-technical stakeholders.
• Proficient programming skills in languages such as R, Python, SAS or similar, with experience implementing numerical algorithms and developing model prototypes.
• Demonstrated curiosity and ownership, with a strong willingness to work collaboratively within a team-oriented environment.

Preferred Qualifications, Capabilities and Skills

• Experience developing, testing or validating AI/ML models is a pluss