Model Risk Policy, Practice

3 weeks ago

Goregaon East Mumbai Maharashtra, India JPMorgan Chase & Co Full time

**JOB DESCRIPTION**
Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view.

As a Model Risk Policy, Practice & Governance - Associate within the Risk Management and Compliance team, you will be at the center of keeping JPMorgan Chase strong and resilient. This role offers the opportunity to work in a dynamic and growing team, in a fast-paced and challenging area, where you will partner with the Business to provide a comprehensive view.

The Model Risk Governance & Review (MRGR) is responsible for conducting model validation to help identify, measure, and mitigate Model Risk. The objective is to ensure that models are used appropriately in the business context and that model users are aware of the models' strengths and limitations and how these can impact their decisions. MRGR Policy, Practice & Governance team maintains the group’s governing policies and procedures, while working on consistency, identifying best practices and improvements to the model risk management processes, and running quality assurance.

**Job responsibilities**
- Identify process weaknesses and proposal for remediation with the goal of meeting strategic target state of Model Risk Management framework
- Maintain model review and documentation templates in line with both regulatory guidance and the firm’s model development and review standards
- Develop best practice guidelines and training materials related to Model Risk management and control practices
- Conduct model risk focused governance projects and tasks to address regulatory and senior management inquiries

**Required qualifications, capabilities, and skills**
- Undergraduate in a quantitative discipline such as Engineering, Computer Science, Quantitative/Math Finance, Economics
- Strong quantitative & analytical skills (Statistics, Econometrics, Quantitative Finance, Machine Learning)
- Strong written and verbal communication skills
- Risk and control mindset: ability to ask incisive questions, converge on critical matters, assess materiality, and escalate issues

**ABOUT US**

JPMorgan Chase & Co., 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.

**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.

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