Risk Management - Model Risk Officer: Treasury and Chief Investment Office - Executive Director

JPMorgan Chase

  • New York City, NY
  • Permanent
  • Full-time
  • 28 days ago
Job Category: Risk Analytics/ModelingJob Description:Introductory marketing language:
Join JPMorgan's Model Risk Governance & Review group as an Executive Director and lead a team of professionals responsible for model risk management of all models used in the Treasury and Chief Investment Office. You'll be at the forefront of innovation, driving continuous improvement in a dynamic and collaborative environment. Your leadership will help shape the future of model risk management at one of the world's leading financial institutions.Job summary:
As an Executive Director (Model Risk Officer) in the Model Risk Governance & Review (MRGR) group, you will lead a team conducting review and governance activities for all models used by JPMorgan's Treasury and Chief Investment Office. You will foster a culture of continuous improvement and innovation, ensuring high standards for effective challenge in all model review and governance activities.Job Responsibilities
  • Manage a team of model risk professionals ensuring high standards for effective challenge for all model review and governance activities.
  • Lead risk assessments and communication of model risk findings to senior stakeholders both internal and external.
  • Foster a culture of continuous improvement and innovation.
  • Manage production of high-quality validation reports to ensure evaluation of conceptual soundness of model design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics.
  • Lead interactions during model-related audits and regulatory examinations.
Required qualifications, capabilities and skills
  • Demonstrated senior leadership experience in risk management, including experience managing team members effectively in multiple locations and across geographic time-zones.
  • Deep understanding of quantitative analysis including both macroeconomic and risk neutral pricing theory applied to asset and liability management.
  • Deep understanding of banking book products, deposits and mortgages.
  • Strong communication skills both verbally and in writing.
  • Strong project management and organizational skills.
  • Strong risk and control mindset with the ability to ask incisive questions, work collaboratively with cross-functional teams, assess materiality of model issues, and escalate appropriately.
  • PhD or Master's degree in economics or similar quantitative discipline, 10+ years of relevant industry experience.
About Us:JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.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 for more information about requesting an accommodation.JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/VeteransAbout the Team: Our 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.

JPMorgan Chase