Risk Management - Model Risk Program Associate

About the role

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. As a Model Validation Analyst, you use your expertise to protect the firm through rigorous model validation and risk management, collaborate with diverse teams, and support innovation.

Responsibilities

• Conduct independent model validation and governance activities to assess model soundness, mitigate model risk with a focus on AI/ML models (e.g. XGB, Neural Networks, Reinforcement Learning, Recommender Systems, as well as variations of Regression algorithms), LLM-based frameworks, Generative AI, and agentic systems.
• Remain current with emerging AI and LLM developments, get hands-on with new capabilities to understand their strengths and limitations, assess how they can be applied within business workflows, and communicate actionable recommendations for risk management to stakeholders.
• Validate models to ensure accuracy and reliability.
• Assess and manage risks across business functions.
• Collaborate with cross-functional teams to drive innovation.
• Develop and implement model validation frameworks.
• Communicate findings and recommendations to stakeholders.
• Monitor emerging risks and regulatory changes.
• Support business growth through responsible risk management.
• Document validation processes and results.
• Provide expert judgment on model performance.

Requirements

• Master's or PhD degree in a quantitative discipline such as Mathematics, Statistics, Computer Science, Engineering, Economics, Finance, or a related field, with strong quantitative and analytical skills.
• Hands-on experience with applied AI/ML. Knowledge and experience with the following preferred: LLM technologies, including deep learning, transformers, prompt engineering, RAG architectures, agentic AI systems, context engineering, agent skills, MCP architecture, agentic harness, LLM evaluation and beyond.
• Strong foundation in statistics, econometrics, and machine learning techniques, with a deep understanding of model assumptions, limitations, explainability, and performance evaluation.
• Strong communication skills with the ability to present complex AI concepts to both technical and non-technical audiences.
• A risk and control mindset with the ability to ask incisive questions, assess the materiality of model issues, and escalate appropriately.
• Strong analytical and problem-solving skills.
• Attention to detail and commitment to quality.
• Ability to work independently and as part of a team.
• Experience with data analysis tools (e.g., Python, R).
• Understanding of risk management principles.
• Professional judgment and integrity.

Preferred Qualifications

• Experience in financial services or banking.
• Experience in model validation or risk management.
• Familiarity with machine learning models.
• Advanced proficiency in programming languages.
• Experience with model governance frameworks.
• Knowledge of emerging risk trends.
• Leadership or mentoring experience.

Benefits

• Comprehensive health care coverage.
• On-site health and wellness centers.
• Retirement savings plan.
• Backup childcare.
• Tuition reimbursement.
• Mental health support.
• Financial coaching.

Additional details about total compensation and benefits will be provided during the hiring process.

About Us

JPMorgan Chase, 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.

About The Team

Our professionals in Risk Management help 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.