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 by using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture is all about thinking outside the box, challenging the status quo and striving to be best-in-class. Model Risk Governance and Review (MRGR) is a global team of modeling experts within the firms Risk Management and Compliance organization. The team is responsible for conducting independent model review and model governance activities to help identify, measure, and mitigate Model Risk in the firm. The objective is to ensure that models are fit for purpose, used appropriately within the business context for which they have been approved, and that model users are aware of the model limitations and how they could impact business decisions. MRGR Corporate & Investment Banking (CIB) Trading covers valuation and risk-management models used within the Corporate & Investment Bank. The team focuses on Derivatives Instruments, which involve some of the most complex and advanced modeling techniques used in the industry. As a VP in MRGRs Valuation Control Group team in Risk Management and Compliance, you are at the center of model review and governance activities, working with a wide variety of model types and cutting-edge techniques. You will collaborate with Risk Teams, Model Developers, Trading, and Finance, contributing to the responsible growth of the firm. You help ensure models are fit for purpose, used appropriately, and that users understand their limitations. Together, we drive excellence in risk management and support the firms business objectives. Job responsibilities include evaluating conceptual soundness of model specifications, assumptions, inputs, testing, implementation, and performance metrics; performing independent testing of models by replicating or building benchmark models; designing and implementing experiments to measure the impact of model limitations and compare outputs with empirical evidence or benchmarks; documenting model review findings and communicating them to stakeholders; representing MRGR VCG in meetings with management and regulators; serving as the first point of contact for model governance inquiries and escalating issues as needed; providing guidance on model usage to developers, users, and stakeholders; monitoring ongoing performance testing outcomes and communicating results to stakeholders; maintaining model inventory and metadata for the coverage area; staying current with developments in products, markets, models, risk management practices, and industry standards; participating in model-related audits and regulatory examinations.
