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Risk Management - Quant Modeling Director - Executive Director
lead · Risk & Compliance
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 - Quant Modeling Director - Executive Director in Model Risk Governance & Review (MRGR), you lead model validation and governance. You help us ensure models are used appropriately and support business decisions. You collaborate with diverse teams to monitor model performance and implement risk mitigation. You contribute to a culture of innovation and continuous improvement.
Job responsibilities:
Lead model reviews; evaluate the conceptual soundness; reasonableness of assumptions and reliability of inputs; completeness of testing; model robustness; performance metrics and risk measures associated with model use. Conduct independent testing.
Review models used in retail lending, CCAR, PPNR, and forecasting. identifying applicable regulatory requirements, including SR 26-2 and SR 15-18. Apply there requirements to model validation; assess the severity of stress projections and the support for those projections; assessing model sensitivity to assumptions and macroeconomic variables. Evaluate the reasonableness of model overlays, including rationale, methodology, and impact.
- Measure model risk
- Maintain model risk controls
- Participate to automation adoption for model review
- Stay current on industry developments
Assist in training junior team members
Required qualifications, capabilities, and skills:
- PhD or Master’s in quantitative discipline
- 10+ years relevant experience, 5+ years in model development/validation for retail financial products
- Leadership in model governance
- Experience with CCAR regulatory requirements and other relevant regulatory requirements
- Expertise in retail banking products
- Risk & Control mindset
Excellent written and verbal communication skills
Preferred qualifications, capabilities, and skills:
- Experience with model validation for credit underwriting, risk management, and capital planning
- Familiarity with model risk management practices
- Ability to collaborate with Risk, Finance, Control, and LOB professionals
- Knowledge of industry standards
- Experience with automation solutions in model review
- Training and mentoring skills
- Strong analytical and problem-solving abilities