Chase · 1 week ago
Risk Management - Model Risk Program Associate
545 Washington Blvd, Jersey City, NJ, 07310, US
Full-time
Onsite
Entry Level
$119K/yr - $170K/yr
2+ years expJPMorgan Chase, one of the oldest financial institutions, offers innovative financial solutions. As a Risk Management - Model Risk Program Associate, you will conduct independent model validation and governance activities to mitigate Model Risk, helping to shape business strategy and safeguard the firm.
BankingFinancial 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
Chase
Chase provides broad range of financial services. It is a sub-organization of JP Morgan Chase.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Mike McDonnell
Managing Director, Head of Chase Travel Platform Product
Nicole Sanchez
Managing Director, Consumer Bank, GM and Product Executive, Growth Financial Products
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