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Model Risk Governance and Review - Project Manager

Req #: 170109689
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 0 US Dollar (USD)
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 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.
Risk Management, under the direction of the Firm’s CRO, provides a Firmwide independent function for the management of risk. This function provides oversight of the risks inherent in the Firm’s businesses. Each line of business is responsible for decisions relating to risk strategy, policy, measurement and control within its respective business.
The Model Risk Governance and Review (MRGR) provides oversight of the firmwide Model Risk policy, guidance with respect to a model’s appropriate usage, and conducts independent reviews of models.
MRGR is composed of three distinct units:  Model Review Group (MRG), Model Governance Group (MGG), and the Chief Operating Officer (COO) group. 
  • Model Governance is responsible for day-to-day management of model risk, such as ensuring that models are governed by the appropriate policies and procedures, that they are subject to performance review, and that their use includes appropriate operating controls (e.g. access, change control). 
  • Model Review Group (MRG) serves as an independent model validation function that reviews and approves a wide range of models, including risk management, valuation, and certain regulatory capital models used by the firm. 
  • The Chief Operating Officer office is tasked with coordination, planning, and execution of regulatory, control, audit, and corporate risk initiatives and deliverables.
Position Overview:
This is a project management role within the COO team.  We are looking to fill an experienced Junior/Senior Associate position that will be responsible for supporting the various projects and initiatives impacting Model Risk. Primary responsibilities will include:
  • Support the governance framework around use of models / non-models that are exceptions per the policy (Waivers governance process).
  • Support in internal and external audit and regulatory exams for Model Risk to provide data to the auditors.
  • Support in driving key projects and assist in implementation of control framework across Model Risk and partner groups.
  • Assist in the preparation of presentation decks for senior management.
  • Participate in ad-hoc projects that involve data analysis per inputs from senior management.
  • Assist the broader COO team as needed, with time-sensitive projects or analysis


  • Bachelor’s degree in finance/mathematics/statistics/accounting
  • Strong analytical skills in interpreting results and comfortable working with large volume of data
  • Strong ability to manage multiple projects and execute tasks within deadlines
  • Ability to communicate clearly and effectively (both written and verbal communication) and liaise across groups and functions
  • Detail-oriented; Strong work ethics and an excellent team player
  • Strong technical skills in using Excel, Word and Powerpoint. Programming experience is a plus
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