Senior Associate, Emerging AI​/ML Risk & Model Governance

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. 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.

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.

The MRGR Policy, Practice and Governance (PPG) team covers the model risk management framework for all model classes across the firm. While our framework and processes are mature and tested by time, new risks emerge in the industry, especially in the fast-evolving Artificial Intelligence and Machine Learning (AI/ML) space. As a Senior Associate in the Emerging Risks, Practice and Assessment team, you will support the implementation of new governance and risk frameworks, both firmwide and internally within MRGR, in support of the firm’s expansion into AI/ML models.

Job Responsibilities

• Collaborate with stakeholders across the firm to identify new and evolving AI/ML practices, and evaluate whether the existing governance framework (model risk management policy, procedures and standards) sufficiently addresses the emerging risks
• Support the pipeline of potential AI/ML use cases, in collaboration with the Chief Data Analytics Office (CDAO), Compliance and Operational Risk (CCOR) and line of business partners, and provide visibility to MRGR management and key stakeholders
• In partnership with the PPG team, establish a framework for new classifications of models and tools
• Where the framework needs to be enhanced, support the implementation of the enhancements in collaboration with stakeholders within MRGR and across the firm
• Engage with stakeholders on controls and process design, especially where an interdisciplinary approach is needed, and identify opportunities for process optimization
• Develop and prepare communications for senior management and regulators about the emerging risks and mitigation strategies.

Required Qualifications, Skills and Capabilities

• Undergraduate or Master’s degree in economics, finance, computer science or another quantitative discipline
• 3+ years of experience in risk management, technology, model development or model risk roles
• Keen understanding of risk governance, and ability to navigate a complex organization
• Experience working with regulators and senior stakeholders. Exceptional influencing and process design skills.
• Experience with change management and build-out of systems, processes and frameworks
• Exceptional communication skills, with the ability to interface with other functional areas in the firm. Ability to translate technical considerations into business risks, and communicate effectively in an interdisciplinary environment
• Risk and control mindset: ability to ask incisive questions, identify and assess risks
• Exceptional organization skills and understanding of corporate governance: ability to influence at scale, resolve uncertainty, and deliver results in a fast-paced, multidisciplinary environment

Additional Skills, Experience and Qualifications

• Experience in model review or model governance roles
• Experience…