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JPMorganChase · 1 hour ago

Risk Management - Model Review Associate – Commercial & Investment Bank Finance

Jersey City, NJ

Full-time

Onsite

New Grad, Entry Level

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers and businesses. The Risk Management - Model Review Associate is responsible for performing model validation activities, providing guidance on model usage, and ensuring compliance with risk management practices.

Asset ManagementBankingFinancial Services

Growth Opportunities

H1B Sponsor Likely

Responsibilities

Engage in typical model validation activities, including evaluating the conceptual soundness of model specifications, the reasonableness of assumptions and reliability of inputs, the completeness of testing performed to support the correctness of the implementation, the robustness of numerical aspects, and the suitability and comprehensiveness of performance metrics and risk measures associated with the use of the models

Perform additional model review activities, including proposing enhancements to existing models, assessing extensions to the scope of existing models, and developing benchmarking models

Apply in-depth understanding of the drivers of balances and revenues for different investment banking and Markets products and businesses by using a combination of research and liaising with business lines

Liaise with Risk and Finance professionals to provide oversight and guidance on appropriate usage, controls around model restrictions and limitations, and findings for ongoing performance assessment and testing

Maintain model risk control apparatus of the bank for the coverage area and serve as the first point of contact

Stay updated on the latest developments in the coverage area in terms of products, markets, models, risk management practices, and industry standards

Qualification

Quantitative skillsAnalytical skillsDomain expertise in PPNRStress testingFinancial forecastingEconometricsMachine learning methodsRiskControl mindsetTechnical writingCommunication skills

Required

Masters Degree

Strong quantitative and analytical skills: The role requires a strong quantitative background based on a Master or PhD Degree in a quantitative discipline such as Math, Statistics, Economics, Finance, Engineering, etc

Domain expertise in PPNR and balance sheet modeling, stress testing exercises (such as CCAR, ICAAP, etc.), financial forecasting, econometrics and statistics, and machine learning methods

Strong communication skills and technical writing ability

Risk and control mindset: ability to ask incisive questions, converge on critical matters, assess and escalate issues

Benefits

Comprehensive health care coverage

On-site health and wellness centers

A retirement savings plan

Backup childcare

Tuition reimbursement

Mental health support

Financial coaching

Company

JPMorganChase

Glassdoor4.0

With a history tracing its roots to 1799 in New York City, JPMorganChase is one of the world's oldest, largest, and best-known financial institutions—carrying forth the innovative spirit of our heritage firms in global operations across 100 markets.

Founded in 2000

New York, New York, USA

10001+ employees

https://www.jpmorganchase.com/

H1B Sponsorship

JPMorganChase has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (2855)

2024 (3469)

2023 (3395)

2022 (3594)

2021 (2515)

2020 (2495)