Risk Management-Quant Model Director-Executive Director

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. In this role as a Risk Management Quant Modeling Director-Executive Director in Model Risk and Governance Review (MRGR), you will provide direction in the validation and governance of Wholesale Grading Models, collaborate with experts across the firm, and help shape business strategy.

Responsibilities

• Play a senior role in the validation and governance of Wholesale Grading models across the firm including team leadership
• Set and enhance standards for Wholesale model development practices
• Evaluate adherence to development standards and performance metrics
• Identify weaknesses, limitations, and emerging risks through independent testing
• Communicate risk assessments and findings to stakeholders
• Document conclusions in high-quality technical reports
• Support ongoing model usage and aggregate model risk management
• Participate in model-related audits and regulatory examinations
• Provide technical leadership and oversight
• Collaborate with cross-functional teams
• Manage multiple priorities in a fast-paced environment

Requirements

• Master's degree or PhD in a quantitative discipline (e.g., Mathematical Finance, Statistics, Mathematics, Physics, Engineering, Corporate Finance, Econometrics)
• Minimum of 10 years of experience developing or validating Wholesale credit risk models, with focus on grading models
• Expertise in statistical and quantitative techniques for Wholesale/grading model development and validation with the ability to provide technical leadership and insight and to evaluate modeling choices using both evidence and credit/economic intuition
• Experience with wholesale grading across lending types, including obligor rating models and collateral-/facility-secured lending
• Strong written and verbal communication skills
• Proven leadership and risk management mindset
• Strong project management and organizational skills
• Proficiency in Python for model validation workflows (e.g. building benchmark models)

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.

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 The Team

Our professionals in 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.