Job Description
Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase 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 Model Risk Program Associate within Risk Management and Compliance, you will be responsible for assessing the risks associated with models used for sanctions screening, trade surveillance, transaction monitoring, and other models within Compliance. You will perform independent testing, develop benchmarking tools, and monitor performance of the models. You will leverage your technical expertise and intellectual rigor to assess conceptual soundness of the data-promoten compliance models, identify and assess the emerging model risks from various component models and model-to-model interactions..
Job responsibilities - Perform model reviews: analyze the conceptual soundness of compliance model and assess model behavior and suitability in the context of usage.
- Guide on model usage and act as the first point of contact for the business on all new models and changes to existing models.
- Develop and implement alternative model benchmarks and compare the outcome of various models. Design model performance metrics.
- Liaise with model developers, users, and compliance groups, and provide guidance on model risk.
- Evaluate model performance on a regular basis.
Required qualifications, capabilities, and skills - 1 plus years of experience in a quantitative modeling role, such as Data Science, Quantitative Model Development, Model Validation, or Technology focused on Data Science.
- A PhD or Master's degree in a quantitative field such as Mathematics, Physics, Engineering, Computer Science, Economics or Finance is required.
- Strong verbal and written communication skills, with the ability to interface with other functional areas in the firm on model-related issues and write high quality technical reports.
- Deep understanding of standard statistical techniques, such as regression analysis.
- Hands-on experience with standard Machine Learning models, including Boosted Trees, Neural Networks, SVM, and LLM (e.g. BERT).
- Experience of working with dedicated ML packages, such as TensorFlow or similar, as well as data processing and numeric programming tools (NumPy, SciPy, Pandas, etc.).
- Ability to implement benchmarking models in Python, R, or equivalent.
- Risk- and control-oriented mindset: ability to ask incisive questions, assess the materiality of model issues, and escalate issues appropriately.
- Ability to work in a fast-paced, results-driven environment.
Preferred qualifications, capabilities, and skills - Prior experience in modeling, reviewing or managing models for sanctions screening, trade surveillance or transaction monitoring is desirable.
- Experience with database interfacing, data management, and preprocessing (e.g. SQL or kdb+, q) is a plus.
JPMorganChase, 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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary New York,NY $135,000.00 - $150,000.00 / year
Job Tags
Permanent employment,