JP Morgan Chase & Co.

Risk Management-Quant Model Director-Executive Director

JP Morgan Chase & Co. • $175K — $210K *
Jersey City, NJ 07310In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Master’s degree or PhD in a quantitative discipline (e.g., Mathematics, Physics, Engineering, Econometrics).
  • At least 10 years of experience in developing or validating Wholesale credit risk models, specifically grading models.
  • Deep knowledge of statistical and quantitative techniques for model development and validation.
  • Experience with wholesale grading across various lending types, including obligor rating models.
  • Strong written and verbal communication skills essential for stakeholder engagement.
  • Demonstrated leadership in risk management and a proactive mindset.
  • Project management skills with strong organizational capabilities.
  • Proficiency in Python for model validation workflows.

Responsibilities

  • Lead the validation and governance of Wholesale Grading models across the firm.
  • Enhance standards for model development practices to ensure best practices are implemented.
  • Evaluate model development adherence and assess performance metrics.
  • Identify weaknesses and potential risks through thorough independent testing.
  • Communicate findings and risk assessments clearly to stakeholders.
  • Document technical conclusions in high-quality reports to maintain transparency.
  • Support ongoing model operations and manage overall model risk effectively.
  • Engage in model audits and regulatory examinations to ensure compliance.
  • Provide technical oversight and leadership to guide the team.
  • Collaborate with cross-functional teams to align risk strategies across the firm.
  • Manage multiple priorities in a dynamic, fast-paced environment.

Benefits

  • Access to a range of professional development and training opportunities.
  • Opportunity to shape the business strategy and contribute to organizational resilience.
  • Collaboration with cross-functional teams of experts across the firm.
  • Engagement in meaningful risk assessments impacting the organization.
  • Supportive environment with opportunities for career advancement.
Full Job Description
As a Risk Management Quant Modeling Director-Executive Director in Model Risk and Governance Review (MRGR), you play a key role in ensuring robust model risk management. You will provide direction in the validation and governance of Wholesale Grading Models, collaborate with experts across the firm, and help shape business strategy. You will expand your quantitative modeling expertise and contribute to the firm’s resilience. Job responsibilities: • Play a senior role in the validation and governance of Wholesale Grading models across the firm including team leadership • Set and enhance standards for Wholesale model development practices • Evaluate adherence to development standards and performance metrics • Identify weaknesses, limitations, and emerging risks through independent testing • Communicate risk assessments and findings to stakeholders • Document conclusions in high-quality technical reports • Support ongoing model usage and aggregate model risk management • Participate in model-related audits and regulatory examinations • Provide technical leadership and oversight • Collaborate with cross-functional teams • Manage multiple priorities in a fast-paced environment Required qualifications, capabilities, and skills: • Master’s degree or PhD in a quantitative discipline (e.g., Mathematical Finance, Statistics, Mathematics, Physics, Engineering, Corporate Finance, Econometrics) • Minimum of 10 years of experience developing or validating Wholesale credit risk models, with focus on grading models • Expertise in statistical and quantitative techniques for Wholesale/grading model development and validation with the ability to provide technical leadership and insight and to evaluate modeling choices using both evidence and credit/economic intuition • Experience with wholesale grading across lending types, including obligor rating models and collateral-/facility-secured lending • Strong written and verbal communication skills • Proven leadership and risk management mindset • Strong project management and organizational skills • Proficiency in Python for model validation workflows (e.g. building benchmark models)

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Finance & Insurance
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ
CCF
* Ladders Estimates

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