JPMorganChase · 2 days ago
Risk Management - Model Risk Program Associate
Jersey City, NJ
Full-time
Onsite
Entry Level
$119K/yr - $170K/yr
2+ years expJPMorgan Chase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers and businesses. As a Risk Management - Model Risk Program Associate, you will conduct independent model validation and governance activities to mitigate Model Risk, while helping the firm grow its business responsibly by anticipating emerging risks.
Asset ManagementBankingFinancial Services
Responsibilities
Set standards for robust qualitative model development practices and enhance them as needed to meet evolving industry standards
Evaluate adherence to development standards including soundness of design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics
Identify weaknesses, limitations, and emerging risks through independent testing, building benchmarks, and ongoing monitoring activities
Communicate risk assessments and findings to stakeholders, and document in high quality technical reports
Assist the firm in maintaining (i) appropriateness of ongoing qualitative model usage, and (ii) the level of aggregate model risk within risk appetite
Qualification
Required
Master's degree in business, finance, economics or accounting
2 plus years of experience in a business modeling role. Candidates with significantly more experience may be considered for more senior roles
Strong communication skills verbally and particularly in writing, with the ability to interface with other functional areas in the firm on model-related issues and write high quality technical reports
Risk and control mindset: ability to ask incisive questions, assess materiality of model issues, and escalate issues appropriately
Understanding of Python, R, or equivalent
Understanding of statistics and machine learning techniques
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
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.
10001+ employees
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 (3471)
2024 (3469)
2023 (3395)
2022 (3594)
2021 (2515)
2020 (2495)
Funding
Current Stage
Public CompanyTotal Funding
unknown1998-02-01IPO
Leadership Team
Allison Beer
CEO of Card Services and Connected Commerce
Dan Mendelson
CEO, Morgan Health
Recent News
2026-01-22
Private Banker International
2026-01-19
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