Global Markets Group Mumbai
Global Markets: Profile for Model Risk and Model Development
J.P. Morgan’s Global Markets Group (GMG) in Mumbai was set up in 2014 as an extension of the Firm’s Global Markets teams around the world. GMG is a fast growing team covering multiple asset classes across geographies. Deeply integrated with our Global Markets business, the team facilitates deals and transactions by providing vital research and insights for supporting Sales, Structuring and Trading functions across asset classes and geographies.
This position is a Quant profile to support the activities of the Model Risk & Development (MRaD) Group in New York, sitting out of GMG in Mumbai. The MRaD plays a critical role in providing effective, timely and independent assessments of the Firm’s most important Models.
The prime responsibilities for this role will include:
Model Review: Independent quantitative evaluation of the most complex and technical models, focusing on back-testing and benchmarking and would cover methodology, construction and testing of models.
Model Governance: Establish and maintain a strong, vigorous model validation and review process to help the firm identify and manage model risk. Function would also involve review of models for usage, controls, operational soundness and validation
Model Quality Assurance and Validation: Ensure quality and consistency and appropriate scope for model reviews across all model reviewers and LOBs. Conduct Gap Analysis of models. Validate Capital Risk models through full simulation and empirical back-testing and comparison of performance of risk models to appropriate benchmark models
Reporting and Compliance: Familiarity with internal and regulatory guidelines on Model Risk assessment and Reporting; Implementation of remediations; SOX testing; Reviewing the process of Model Review
Team management: Responsible for setting up a team of 10-15 members in Mumbai to support the global desks including training & knowledge management.
The candidate will need to work very closely with MRaD team in New York, London and HK, supporting them as a direct extension.
Ideal candidates roles would be Graduates/Post-Graduates with good academic record from top Colleges likeIITs (Engg./Stats./Math./Economics) with relevant experience of atleast 5-7 years in similar roles in Model review and development.
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.
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.