Risk Management - Quant Modeling Lead - Vice President

Testing Site - JPMC; Jersey City (NJ); On-site; USD 180,000 - 240,000; Full time

Job summary

JPMorganChase in New Jersey seeks a Quant Model Risk Vice President to lead assessments of risk in Treasury models used for resolution, liquidity, stress testing and budgeting. The role emphasizes collaboration with developers and users to drive governance and robust risk controls.

You will evaluate model performance, guide on usage, and develop benchmarks while communicating complex technical issues to diverse stakeholders with clear reporting.

Qualifications

• Education: Bachelor’s, Master’s or PhD in a quantitative field (e.g., Mathematics, Statistics, Computer Science, Engineering, Physics).
• Experience: 5+ years of experience in a quantitative modelling or model validation role.
• Strong analytical problem-solving skills and clear written/verbal communication, ability to articulate technical issues to diverse stakeholders and write high quality technical reports.
• Knowledge of financial products / markets and regulatory requirements.
• Risk- and control-oriented mindset: ability to ask incisive questions, assess the materiality of model issues, and escalate issues appropriately.
• Ability to work in a fast-paced, results-driven environment.
• Curious, ownership-driven, and teamwork-oriented mindset.

Responsibilities

• Perform model reviews: evaluate the conceptual soundness of a model, assess its behavior under various market conditions and its suitability in the context of usage.
• Guide on model usage and act as the first point of contact for the business on all new models and changes to existing models.
• Develop and implement alternative model benchmarks and compare the outcome of various models. Design model performance metrics.
• Liaise with model developers, users, and compliance groups, and provide guidance on model risk.
• Evaluate model performance on a regular basis.

Skills

Analytical problem-solving

Written/verbal communication

Fast-paced, results-driven

Ownership mindset

Teamwork oriented

Education

Bachelor’s/Master’s/PhD in quantitative field

Tools

Python

R

MATLAB

C/C++

Job description

Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you play a crucial role in maintaining JPMorganChase's strength and resilience. 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 Quant Model Risk Vice President in theModel Risk Governance and Reviewteam, you will be responsible for assessing and mitigating the risks associated with the models used by Treasury for resolution and recovery, liquidity, stress testing and budgeting. You'll be at the forefront of innovation, driving continuous improvement in a dynamic and collaborative environment. This role also provides the opportunity to gain exposure to various business and functional areas, as well as to collaborate closely with model developers and users.

Job Responsibilities

• Perform model reviews: evaluate the conceptual soundness of a model, assess its behavior under various market conditions and its suitability in the context of usage.
• Guide on model usage and act as the first point of contact for the business on all new models and changes to existing models.
• Develop and implement alternative model benchmarks and compare the outcome of various models. Design model performance metrics.
• Liaise with model developers, users, and compliance groups, and provide guidance on model risk.
• Evaluate model performance on a regular basis.

Required Qualifications, Capabilities and Skills

• Education: Bachelor’s, Master’s or PhD in a quantitative field (e.g., Mathematics, Statistics, Computer Science, Engineering, Physics).
• Experience: 5+ years of experience in a quantitative modelling or model validation role.
• Strong analytical problem-solving skills and clear written/verbal communication, ability to articulate technical issues to diverse stakeholders and write high quality technical reports.
• Knowledge of financial products / markets and regulatory requirements.
• Risk- and control-oriented mindset: ability to ask incisive questions, assess the materiality of model issues, and escalat issues appropriately.
• Ability to work in a fast-paced, results-driven environment.
• Curious, ownership-driven, and teamwork-oriented mindset.

Preferred Qualifications, Capabilities and Skills

• Prior experience with Treasury function and its models.
• Hands-on programming experience with at least one of the programming languages such as Python, R, MATLAB, C/C++ etc.