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JPMorgan Chase Risk Managment - Model Risk for Asset management - Vice President in New York, New York

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 Vice President covering Asset Management in the Model Risk Governance & Review (MRGR) group you will play a key role in conducting review and governance activities for all models in use within Asset management

Job Responsibilities

  • Take ownership for all aspects of model review and governance ensuring high standards for effective challenge.

  • Lead risk assessments and communication of model risk findings to senior stakeholders.

  • Write and manage production of high-quality validation reports evaluation of conceptual soundness of model design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics.

  • Design and implement tests to measure the potential impact of model limitations or deviations from model assumptions and compare model outputs with empirical evidence and/or outputs from model benchmarks.

  • Stay abreast of financial market developments with an eye on their implications for models in use.

  • Engage in topical deep dives to enhance understanding of key topics and trends in asset management with a focus on creating value for stakeholders, the team and self.

Required qualifications, skills, and capabilities

  • Deep understanding of Asset management models and their application to alpha generation and risk management

  • Familiarity with AI/ML concepts and hands on ability to program in Python

  • Exceptional communication skills - both verbal and written together with a proven ability to work on model-related issues.

  • Collaborative attitude with ability to interact in an engaging way with the current team and stakeholders at all levels of seniority

  • Risk and control mindset with the ability to ask incisive questions, assess materiality of model issues, and escalate appropriately

  • Graduate degree in a quantitative discipline.

JPMorgan Chase & Co., 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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans

Base Pay/Salary

NY $123,500.00 - $210,000.00 / year

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