JPMorganChase · 18 hours ago
Risk Management - Model Risk Program Associate
Jersey City, NJ
Full-time
Onsite
Entry Level
$119K/yr - $170K/yr
2+ years expJPMorgan Chase is one of the oldest financial institutions, and they are seeking a Model Risk Program Associate to join their Risk Management and Compliance team. The role involves conducting independent model validation and governance activities to mitigate model risk across various portfolios and ensuring robust model risk management practices.
FinanceBankingAsset ManagementFinancial Services
Responsibilities
Conduct independent model validation and governance activities to mitigate model risk across a diverse portfolio, including CIB Wholesale Payments, CIB Fraud, Marketing, and Operations models
Engage in model validation activities and evaluate adherence to development standards including conceptual 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 high quality technical reports
Assess and determine whether tools and applications qualify as models under the firm's model risk framework, distinguishing between models, analytical tools, and non-model applications
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
Design, build, and test LLM-based use cases to enhance MRGR processes and improve operational efficiency
Qualification
Required
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, or related fields
2 plus years of experience in model validation, model development, quantitative analysis, or a related analytical role in financial services or a similar industry
Strong communication skills, with the ability to present complex concepts to both technical and non-technical audiences. Risk and control mindset: ability to ask incisive questions, assess materiality of model issues, and escalate issues appropriately
Strong foundation in statistics, with hands-on experience applying statistics and machine learning techniques, including Regression, Boosted Trees, Neural Networks, Support Vector Machines (SVM), and Large Language Models such as BERT
Proficiency in Python, with hands-on experience using libraries for data analysis, machine learning, and working with LLM frameworks and APIs
Experience with Generative AI applications, including Large Language Models, prompt engineering, RAG architectures, and building agentic AI systems
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
2026-01-23
2026-01-22
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