Model Risk

4 weeks ago

Mumbai, India JPMorgan Chase Bank, N.A. Full time

**Model Risk - Central Governance -**
**Associate**

Mumbai

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.

The Model Risk and Governance Group (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 carries out model validation activities and works closely with Risk, Finance and LOB professionals to review findings, measure model risks on an on-going basis and assess risk mitigating strategies.

As part of MRGR, the Central Policy and Governance team is in charge of maintaining the group's governing policies and procedures, while working on consistency, best practices, and improvements to our model risk management framework.
- Manage multiple governance projects and tasks simultaneously and be flexible to work outside of the defined position as needed.
- Effectively communicate and manage project expectations to program managers, sponsors, team members and other stakeholders in a clear and concise fashion
- Actively and creatively participate in process (re)engineering initiatives with the aim to achieve operational excellence
- Update MRGR governing policy and procedure documents as needed
- respond to requests on audit/regulatory exams

**Minimum Skills, Experience and Qualifications**
- Experience in model risk or model development in a highly regulated environment
- Knowledge of financial modeling (e.g., probability theory, statistics, numerical analysis) or financial products (e.g. Derivatives, loans, payments, cards...)
- Proficiency with Microsoft Office suite tools for documentation, reporting, data processing and reporting etc...
- Excellent analytical and problem-solving skills
- Excellent organizational and project management skills
- Degree in Math, Sciences, Engineering or Computer Science

**Additional Skills, Experience and Qualifications**

The following additional items will be considered but are not required for this role

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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

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