Risk Management – Model Risk Governance and Review – CIB Finance – Associate
| Company | JP Morgan Chase |
|---|---|
| Location | New York, NY, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Master’s, PhD |
| Experience Level | Mid Level, Senior |
Requirements
- Strong quantitative and analytical skills: The role requires a strong quantitative background based on a Master or PhD Degree in a quantitative discipline such as Math, Statistics, Economics, Finance, Engineering, etc.
- Domain expertise in PPNR and balance sheet modeling, stress testing exercises (such as CCAR, ICAAP, etc.), financial forecasting, econometrics and statistics, and machine learning methods.
- Strong communication skills and technical writing ability.
- Risk and control mindset: ability to ask incisive questions, converge on critical matters, assess and escalate issues.
Responsibilities
- Engage in typical model validation activities, including evaluating the conceptual soundness of model specifications, the reasonableness of assumptions and reliability of inputs, the completeness of testing performed to support the correctness of the implementation, the robustness of numerical aspects, and the suitability and comprehensiveness of performance metrics and risk measures associated with the use of the models.
- Perform additional model review activities, including proposing enhancements to existing models, assessing extensions to the scope of existing models, and developing benchmarking models.
- Apply in-depth understanding of the drivers of balances and revenues for different investment banking and Markets products and businesses by using a combination of research and liaising with business lines.
- Liaise with Risk and Finance professionals to provide oversight and guidance on appropriate usage, controls around model restrictions and limitations, and findings for ongoing performance assessment and testing.
- Maintain model risk control apparatus of the bank for the coverage area and serve as the first point of contact.
- Stay updated on the latest developments in the coverage area in terms of products, markets, models, risk management practices, and industry standards.
Preferred Qualifications
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No preferred qualifications provided.