J.P. Morgan is a leader in financial services, offering innovative and intelligent solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years and we keep their interests foremost in our minds at all times. This combination of product strength, intellectual capital and character sets us apart as an industry leader. J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a global financial services firm with assets of $2.0 trillion.
The Model Risk Governance & Review Group (MRGR) provides oversight of the firmwide Model Risk policy, guidance with respect to a model’s appropriate usage, and conducts independent reviews of models. In addition, MRGR develops internal models related to measurement of counterparty risk, economic risk capital, and regulatory risk capital measures.
MRGR is composed of four distinct units: Model Development & Delivery, Model Review Group, Model Governance Group, and the Chief Operating Officer group. Model Review Group (MRG) serves as an independent model validation function that reviews and approves a wide range of models, including risk management, valuation, and certain regulatory capital models used by the firm.
Supervise reviews of wholesale credit models used to calculate regulatory capital models, and performance of the bank’s exposures under stress.
Ensure that reviews cover the relevant exposures and address the appropriate technical and regulatory issues
Monitor model risk by addressing limitations of individual models and gaps between models
Liaise with Corporate Risk and Finance organization to monitor usage and performance of the models and syndicate the findings of model validation.
10 years of applied quantitative research in pricing or risk modelling in one or more of the following areas: wholesale lending; consumer lending; credit derivatives.
PhD or MS degree in Applied Math, Physics, Economics, Engineering or similar.
Deep understanding of probability theory; Strong knowledge of econometrics, statistics.
Experience with numerical methods.
Excellent analytical and problem solving abilities.
Inquisitive nature, ability to ask right questions and escalate issues. Risk & Control mindset.
3 years experience managing, motivating, and building a successful team.
Excellent communication skills (written and verbal).
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.
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