JPMorgan Chase Bank, N.A.
Risk Management - Forecasting Model Review - Vice President
JPMorgan Chase Bank, N.A., Jersey City, New Jersey, United States, 07390
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As a Risk Management - Forecasting Model Review - Vice President, you will be a part of Risk Management and Compliance, you will be at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. You will be at the center of the firm's model validation and governance activities with exposure to a wide variety of model types and cutting edge modeling techniques, while frequently interacting with the best and brightest in the firm. You will expand your knowledge of the different forecasting models used in the firm, their unique limitations, and use that knowledge to help shape business strategy and protect the firm.
Job Responsibilities
Set standards for robust model development practices and enhance them as needed to meet evolving industry standardsEvaluate adherence to development standards including soundness of model design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metricsIdentify weaknesses, limitations, and emerging risks through independent testing, building of benchmark models, and ongoing monitoring activitiesCommunicate risk assessments and findings to stakeholders, and document in high quality technical reportsAssist the firm in maintaining (i) appropriateness of ongoing model usage, and (ii) the level of aggregate model risk within risk appetiteParticipate in model-related audits and regulatory examinationsRequired qualifications, skills and capabilities
A Ph.D. or Master's degree in a quantitative field such as Math, Physics, Engineering, Statistics, Economics or Finance is required3+ years of experience in a quantitative or modeling role.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 reportsExperience with large data sets is requiredProficiency in Python, R, or equivalentDeep understanding of statistics / econometricsRisk and control mindset: ability to ask incisive questions, assess materiality of model issues, and escalate issues appropriatelyStrong project management and organizational skills: flexible, adaptable to shifting priorities to achieve the most effective resultAble to work in a fast-paced, results-driven environmentPreferred qualifications, skills and capabilities
Prior modeling experience in commercial real estate or residential mortgage preferred
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/SalaryJersey City,NJ $142,500.00 - $210,000.00 / year
As a Risk Management - Forecasting Model Review - Vice President, you will be a part of Risk Management and Compliance, you will be at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. You will be at the center of the firm's model validation and governance activities with exposure to a wide variety of model types and cutting edge modeling techniques, while frequently interacting with the best and brightest in the firm. You will expand your knowledge of the different forecasting models used in the firm, their unique limitations, and use that knowledge to help shape business strategy and protect the firm.
Job Responsibilities
Set standards for robust model development practices and enhance them as needed to meet evolving industry standardsEvaluate adherence to development standards including soundness of model design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metricsIdentify weaknesses, limitations, and emerging risks through independent testing, building of benchmark models, and ongoing monitoring activitiesCommunicate risk assessments and findings to stakeholders, and document in high quality technical reportsAssist the firm in maintaining (i) appropriateness of ongoing model usage, and (ii) the level of aggregate model risk within risk appetiteParticipate in model-related audits and regulatory examinationsRequired qualifications, skills and capabilities
A Ph.D. or Master's degree in a quantitative field such as Math, Physics, Engineering, Statistics, Economics or Finance is required3+ years of experience in a quantitative or modeling role.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 reportsExperience with large data sets is requiredProficiency in Python, R, or equivalentDeep understanding of statistics / econometricsRisk and control mindset: ability to ask incisive questions, assess materiality of model issues, and escalate issues appropriatelyStrong project management and organizational skills: flexible, adaptable to shifting priorities to achieve the most effective resultAble to work in a fast-paced, results-driven environmentPreferred qualifications, skills and capabilities
Prior modeling experience in commercial real estate or residential mortgage preferred
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/SalaryJersey City,NJ $142,500.00 - $210,000.00 / year