JP Morgan Chase

Applied AI ML VP Description: Job summary: Company Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, Company Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its Company and Chase brands. Information about Company Chase & Co. is available at Company website. Chase Consumer & Community Banking (CCB) serves consumers and small businesses with a broad range of financial services. CCB Risk Management partners with each CCB sub-line of business to identify, assess, prioritize, and remediate risk. We are currently seeking an Applied AI ML VP as the Lead of Fraud Vendor Modeling team. In this critical role you will be managing all vendor models used in CCB fraud risk space and a team based out of multiple locations. This includes understanding business requirement of new vendor models, usages, benefits, sourcing relevant materials from vendor, product, model users for model document submission for MRGR and Compliance review. The team needs to take care of all governance related activities like ongoing performance monitoring, contingency plans, annual assessment of models, re-reviews, annual model upgrades, addressing model risk issues (MRIs), action plans on time, etc. The candidate should have a strong understanding of model governance process with respect to MRGR and Fair Lending reviews, knowledge about fraud space, exposure to multiple stakeholders' management and people management. Job responsibilities: - Collaborate with risk strategy and product teams to understand business needs and potential model impact of using vendor models - Collaborate with various partners in Risk Strategy, Product, Vendors, Model Governance, Compliance, Risk, Legal, etc. - Manage model risk and related governance and controls - Synthesize the findings at various points through the model onboarding and management process to share actionable insights with senior leadership and other stakeholders Required qualifications, capabilities, and skills: - Ph.D. or MS degree in Mathematics, Statistics, Computer Science, Operational Research, Econometrics, Physics, or other related quantitative fields - Minimal 10-year of experience in developing and managing predictive risk models in financial institutions - Minimal 3-year experience managing a sizable team of modelers. Experience in managing a team in a dynamic environment of high mobility - Polished and clear communications with senior management - Proven leadership in client/stakeholder/partner relationship management and high-performance team development - Lead strategic discussions on providing comprehensive rationale for model selection and set strategic direction for model review and usage efforts. - Establish and oversee comprehensive monitoring strategies, ensuring continuous performance monitoring and alignment with strategic objectives. - Anticipate risks associated with vendor models and drive strategic risk management initiatives, ensuring proactive and comprehensive risk mitigation. JP Morgan Chase, 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 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.Note : For your candidature to be considered on this job, you need to apply necessarily on the company's redirected page of this job. Please make sure you apply on the redirected page as well. (ref:iimjobs.com)