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Corporate - Model Risk Governance & Review - Model Review Group – Asset Management - ED

Req #: 170087724
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 5000 US Dollar (USD)
The Model Review Group (MRG) is responsible for conducting model validation firm-wide to help identify, measure, and mitigate Model Risk.  MRG works closely with Risk, Finance and LOB professionals to review findings, on-going model risk measurement and risk mitigating strategies. Asset Management in JP Morgan is a global leader in investment and wealth management. Quantitative Models are essential components of Asset Management business, used across all LOBs to aid investment decisions, measure risk, and provide analytical and statistical tools to support business management.
Key Responsibilities:
  • Independently review, analyze and test models used for Asset Management, including Valuation, Risk, VaR, CCAR, and Stress Testing.
  • Maintain effective challenge, critical thinking, independence, consistency and strong compliance to policy and procedures in model review activities.
  • Effectively manage business priorities to complete high quality model review work.
  • Effectively support regulatory and audit requests.
  • MSc or PhD in Mathematics, Physics, Engineering, Finance or Statistics.
  • Mid-level experience (5+ years) in a Model Validation or Front Office Quant role.
  • Excellent understanding of the mathematical, statistical and numerical methods used in quantitative finance.
  • Thorough knowledge of at least one programming language such as C/C++/Python.
  • Excellent written communication skills.
  • Familiar with SR 11-07.
  • Previous experience of regulatory and audit interaction preferred.
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