JP Morgan Chase & Co.

Senior Internal Audit Associate - Model Risk

JP Morgan Chase & Co.$100K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Advanced degree (Master's or PhD) in Mathematics, Data Science, Finance, or Computer Science
  • 2+ years of experience in AI/ML development, quantitative modeling, model validation, or data science
  • Proficiency in programming languages such as Python or R
  • Experience with AI/ML techniques and modern frameworks like large language models
  • Strong analytical and problem-solving skills focused on risk assessment
  • Excellent communication skills, including technical report writing
  • Ability to influence stakeholders effectively.

Responsibilities

  • Perform technical reviews of complex models to evaluate their risk and effectiveness
  • Assess model design, implementation, performance, and overall fitness
  • Evaluate ongoing model performance frameworks with metrics and monitoring thresholds
  • Conduct model risk control assessments throughout the model lifecycle
  • Collaborate with quantitative experts and senior stakeholders to influence outcomes
  • Develop AI/ML-driven solutions to enhance model risk testing
  • Lead model risk audit engagements including planning and execution.

Benefits

  • Opportunity to influence model risk frameworks and assessments
  • Work alongside quantitative experts and senior stakeholders
  • Access to advanced AI/ML tools and methodologies
  • Engagement with complex financial systems and global teams
  • Focus on strong governance and inclusive culture development.
Full Job Description
Join a global team of quantitative specialists shaping how model risk is managed across complex financial systems. You will work at the intersection of advanced analytics, risk, and audit to drive meaningful impact. As a Senior Associate on the Internal Audit Model Risk team, you will evaluate complex models and model risk frameworks while working closely with both quantitative experts and senior stakeholders. This role offers the opportunity to influence how model risk is identified, assessed, and mitigated across the firm. You'll also design and implement advanced AI/ML solutions to enhance control testing and provide insights into model risk management. Job Responsibilities • Perform technical reviews of complex models to evaluate model risk and control effectiveness • Assess model design, implementation, performance results, and overall fitness for purpose • Evaluate ongoing model performance frameworks, including metrics and monitoring thresholds • Conduct end-to-end model risk control assessments across the model lifecycle • Partner with quantitative experts and senior stakeholders to challenge and influence outcomes • Develop and implement AI/ML-driven solutions to enhance model risk testing and insight • Lead model risk audit engagements, including scoping, planning, and execution Required Qualifications, Capabilities, and Skills • Advanced degree (Master's or PhD) in a STEM field such as Mathematics, Data Science, Finance, or Computer Science • 2+ years of experience in AI/ML development, quantitative modeling, model validation, or data science • Proficiency in programming languages such as Python or R for model development and analysis • Experience with AI/ML techniques and modern frameworks (e.g., large language models, agent-based systems) • Strong analytical and problem-solving skills with a focus on risk and control assessment • Excellent written and verbal communication skills, including technical report writing • Ability to influence stakeholders and escalate complex issues effectively Preferred Qualifications, Capabilities, and Skills • Experience developing AI/ML-driven tools for audit, risk, or control testing • Familiarity with model risk management frameworks and regulatory expectations • Experience working with global teams and complex organizational structures • Strong leadership and project management skills across end-to-end initiatives About the Team Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success. The Audit department provides independent assessments to evaluate, test and report on the adequacy and effectiveness of our governance, risk management and internal controls. The team's priorities are focused on strong governance, transparency, strategic engagement, and fostering a diverse and inclusive culture that develops our talent.

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
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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