JPMorgan Chase & Co

Model Risk Governance and Review (MRGR) is a global team of modeling experts within the firm’s Risk Management and Compliance organization.. The team is responsible for conducting independent model validation and model governance activities to help identify, measure, and mitigate Model Risk in the firm.. ERCs provides oversight of the governance framework as specified in the Estimations and Model Risk Management policy and its sub policies.. Model risk management experience. 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.

project manager associate

Job Description As a Risk Management - Model Risk Governance and Review - Project Manager Associate, 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. Model Risk Governance and Review (MRGR) is a global team of modeling experts within the firm’s Risk Management and Compliance organization. The team is responsible for conducting independent model validation and model governance activities to help identify, measure, and mitigate Model Risk in the firm. The objective is to ensure that models are fit for purpose, used appropriately within the business context for which have been approved, and that model users are aware of the model limitations and how they could impact business decisions. Within MRGR, the Chief Operating Office (COO) supports model risk stakeholders in their review and governance activities, and drives certain governance activities itself, with responsibility for: product ownership, process engineering and software development for model risk technology and analytics; model risk reporting; administration of oversight committees; project management of the review and governance pipeline; coordination of regulatory/audit deliverables including capital stress testing exercises; and general business management. Job Responsibilities This role has two areas of responsibilities: Support administration of Estimation Risk Committees (ERCs) and Business Reviews, and lead model governance projects. Responsibilities ERCs provides oversight of the governance framework as specified in the Estimations and Model Risk Management policy and its sub policies. The Committees also have responsibility to set the prioritization of estimations risk activities, drive consistency through review of Line of Business activities, review reporting and resolve escalated issues. The associate role will be responsible for: <ul><li>Working with Committee co-chairs to setup meeting agenda and organize preparatory meetings</li><li>Ensure oversight responsibilities documented in the Committee charter are met</li><li>Guide presenters on presentation content, assemble and distribute final documents</li><li>Take meeting minutes and provide meeting documents for regulatory and audit requests</li><li>Advance to Committee Secretary of certain ERCs and operate them independently upon obtaining sufficient experience</li><li>Support administration of these Business Reviews where individual model validation teams provide updates on their respective area to the head of MRGR </li></ul>The Chief Operating Office (COO) Is Tasked With Various Model Governance Projects. The Following Activities Are Typical Of Such Projects And Require a Good Understanding Of Model Risk Processes <ul><li>Navigate complex model risk systems and reporting</li><li>Analyze model risk data for various ad-hoc reporting</li><li>Implement process improvements</li><li>Manage system enhancements</li><li>Communicate to senior management and stakeholders across the firm </li></ul>Required Qualifications, Skills And Capabilities <ul><li>A Bachelor’s degree, preferably in Finance, Accounting, Economics, Engineering, or Mathematics</li><li>Excellent written and verbal communication skills with the ability to interface with other functional areas in the firm on model-related issues, and produce clear and concise documents for internal and external (regulatory) consumption</li><li>Excellent organizational skills with attention to detail</li><li>Self-motivated, organized and ability to work in a fast-paced environment. Intellectually curious with a proven ability to learn quickly</li><li>Proficient in Excel and PowerPoint </li></ul>Preferred Qualifications, Skills And Capabilities <ul><li>3 plus years experience</li><li>Model risk management experience </li></ul>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 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 is an Equal Opportunity Employer, including Disability/Veterans 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. Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

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