J.P. Morgan is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. Information about J.P. Morgan is available at http://www.jpmorganchase.com/.
Model Risk Governance & Review (MRGR) is a Corporate Risk team within JPMC with the responsibility for developing and implementing the Firmwide Model Risk Management (MRM) framework across the firm. The Model Governance Group (MGG) within MRGR is the first point of contact for the model developing teams on Model Risk. MGG interacts regularly with Model Review Group (MRG) within MRGR and other groups including: Risk, Finance, Compliance, Controls, Model Development, and Audit.
Key responsibilities for a Model Manager include independent reviews of models, ongoing model performance monitoring, model change control, regular communication with the LoB on key model risk issues, maintaining the firmwide model inventory database and participating in discussions with regulators on model risk.
Model Manager Responsibilities include the following:
Strong quantitative skills. At a minimum, a masters degree in Statistics, Mathematics, Operations Research, Physics, or a quantitative science. Coding skills in common languages.
Familiarity with Consumer Banking (Credit Cards, Banking, Mortgage, Student & Auto Loans) products and business processes.
Minimum of 3 years of cumulative experience in either of the following areas:
risk management function, model governance or model review
Excellent communications skills – Verbal and Written
Team work oriented – active collaborator and self starting individual with a record of delivery
Self-evident interpersonal skills with the proven ability to influence and achieve alignment across a range of different opinions and interests
Strong project management and organizational skills with a Risk & Control mindset
Ability to ask the right questions and escalate issues to relevant stakeholders
Proficient in MS Word, Excel, PowerPoint and Access
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