Corporate - Model Risk Governance & Review - Project Manager - Associate - NY
Req #: 170118794
Job Category: Accounting/Finance/Audit/Risk
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.
Risk Management, under the direction of the Firm’s CRO, provides a Firmwide independent function for the management of risk. This function provides oversight of the risks inherent in the Firm’s businesses. Each line of business is responsible for decisions relating to risk strategy, policy, measurement and control within its respective business.
The Model Risk Governance and Review (MRGR) provides oversight of the firmwide Model Risk policy, guidance with respect to a model’s appropriate usage, and conducts independent reviews of models.
MRGR is composed of three distinct units: Model Review Group (MRG), Model Governance Group (MGG), and the Chief Operating Officer (COO) group.
Model Governance is responsible for day-to-day management of model risk, such as ensuring that models are governed by the appropriate policies and procedures, that they are subject to performance review, and that their use includes appropriate operating controls (e.g. access, change control).
Model Review Group (MRG) serves as an independent model validation function that reviews and approves a wide range of models, including risk management, valuation, and certain regulatory capital models used by the firm.
The Chief Operating Officer office is tasked with coordination, planning, and execution of regulatory, control, audit, and corporate risk initiatives and deliverables.
This is a project management role, responsible for end-to-end oversight of the re-documentation and re-validation of all models in a specific Line of Business. It involves detailed project planning, day-to-day execution, and reporting to snr management. The ideal candidate is an experienced project manager who is comfortable navigating a complex process with uncertain outcomes.
Excellent analytical, quantitative and problem-solving skills
Excellent organizational and project skills
Excellent communication skills
Ability to manage multiple complex projects and tasks within given timelines
Excellent computer skills: MS Office (esp. Excel) is a requirement and basic programming experience is a plus
Knowledge of the mathematics for financial modeling (e.g., probability theory, statistics, numerical analysis) is plus but is not required
Knowledge of finance, such as options pricing is a plus but is not required
Experience with large, complex financial institutions