Apply Now    

Corporate - Model Risk Governance & Review - Model Review Group - Securitized Products Group - VP

Job Description

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at
The Model Review Group (MRG) is responsible for conducting model validation firm-wide to help identify, measure, and mitigate Model Risk.  MRG works closely with Risk, Finance and LOB professionals to communicate review findings and support ongoing model risk measurement and mitigation.
MRG is currently seeking an VP level individual to review models related to Mortgage-Backed Securities (MBS), Mortgage Servicing Rights (MSRs), and other mortgage-related assets.
Complete high quality reviews of mortgage-related models used for valuation, risk, VaR, and stress  
Maintain effective challenge, critical thinking, independence, consistency, and strong compliance to policy and procedures in model review activities
Interact with and communicate findings to colleagues both within and beyond MRG (including developers, front office, market risk, and audit)
Support regulatory interactions 
Recruit, develop, and manage junior resources
Advanced degree in Economics, Statistics, Mathematics, or a related quantitative discipline
3+ years of experience in quantitative research, preferably within financial services
Solid knowledge of, and experience with, MBS from a development or validation perspective
Excellent understanding of the mathematical, statistical and numerical methods used in quantitative finance
Thorough knowledge of both a general purpose language (e.g., Python) and a statistical language (e.g., R)
Excellent written and oral communication skills
Demonstrated ability to work both independently and collaboratively
Req #: 170107954_1
Location: Jersey City, NJ US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: 5000 US Dollar (USD)

Apply Now    

Join our Talent Community

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Join Now

Privacy Statement

Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices.

Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.

The firm invites all interested and qualified candidates to apply for employment opportunities.

Need disability related assistance?

If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please contact us by calling (US and Canada Only) 1-866-777-4690. Please indicate the specifics of the assistance needed.

Keep in touch

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.