Model Risk - London, United Kingdom - JPMorgan Chase Bank, N.A.

JPMorgan Chase Bank, N.A.

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

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 using your expert judgement to solve real-world challenges that impact our company, customers and communities.

Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

Job summary:

The Model Risk and Governance Group (MRGR) is responsible for conducting model validation to help identify, measure, and mitigate Model Risk. The objective is to ensure that models are used appropriately in the business context and that model users are aware of the models' strengths and limitations and how these can impact their decisions.
MRGR carries out model validation activities and works closely with Risk, Finance and LOB professionals to review findings, ongoing model risk measurement and risk mitigating strategies.
As part of MRGR, the Central Policy and Governance team is in charge of maintaining the group's governing policies and procedures, while working on consistency, best practices, and improvements to our model risk management processes.

Core responsibilities:

Manage multiple governance projects and tasks simultaneously and be flexible to work outside of the defined position as needed.
Effectively communicate and manage project expectations to program managers, sponsors, team members and other stakeholders in a clear and concise fashion
Actively and creatively participate in process (re)engineering initiatives with the aim to achieve operational excellence
Update MRGR governing policy and procedure documents as needed
Respond to requests on audit/regulatory exams

Minimum Skills, Experience and Qualifications

Knowledge of financial modeling (e.g., probability theory, statistics, numerical analysis) or financial products (e.g. Derivatives, loans, payments, cards...)
Proven ability to influence decisions in a multi stakeholder context
Excellent analytical and problemsolving skills
Excellent organizational and project management skills
Degree in Math, Sciences, Engineering or Computer Science

Additional Skills, Experience and Qualifications
The following additional items will be considered but are not required for this role

Experience in model risk or model development in a highly regulated environment

J.P.

Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors.

Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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.

In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.