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Job responsibilities:Set standards for robust model development practices and enhance them as needed to meet evolving industry standardsEvaluate adherence to development standards including soundness of model design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metricsIdentify weaknesses, limitations, and emerging risks through independent testing, building of benchmark models, and ongoing monitoring activitiesCommunicate risk assessments and findings to stakeholders, and document in high quality technical reportsAssist the firm in maintaining (i) appropriateness of ongoing model usage, and (ii) the level of aggregate model risk within risk appetiteRequired Skills, Experience and Qualifications:A Ph.D. or Master’s degree in a quantitative field such as Math, Physics, Engineering, Economics or Finance.Minimum 0 - 2 years of experience in a quantitative or modeling role.Strong communication skills verbally and particularly in writing, with the ability to interface with other functional areas in the firm on model-related issues and write high quality technical reportsExperience with large data sets is requiredProficiency in Python, R, or equivalentDeep understanding of statistics / econometricsPreferred Skills, Experience and QualificationsPrior experience in mortgage or CRE risk model development or validation.Prior experience in financial products/markets and regulatory stress testing (CCAR/ICAAP).ABOUT USJPMorganChase, 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 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.ABOUT THE TEAMOur professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.
