Risk Management - Program Management - Senior Associate

Join JPMorgan Chase and play a pivotal role in Risk Management and Compliance, ensuring the firm's strength and resilience. Use your expertise to anticipate risks and solve challenges that affect our company and communities. Our culture encourages innovative thinking and challenges the status quo. As part of the Model Risk Governance and Review (MRGR) team, you'll conduct independent model validation and governance to manage model risk, ensuring models are fit for purpose and appropriately used within the business context.

As a Model Risk Management - Program Management - Senior Associate within the MRGR Chief Operating Office (MRGR COO), you will be part of a global and diverse team dedicated to supporting the design, implementation, and execution of the firm's model risk management framework. You will ensure the execution of various model risk processes, including managing the model review book of work, overseeing estimation risk committees, and conducting model risk monitoring and reporting.

Additionally, you will play a key role in regulatory, audit, and critical capital stress testing exercises such as CCAR. Your responsibilities will also include coordinating with the MRGR policy and MRGR product/technology teams to enhance model risk policy, procedures, and product/technology.

• Support model risk coverage activities for the respective MRGR Lines of Business, for example: prepare material for key Risk Committees and Forums, and model risk Business Review Meetings; lead model review and issue remediation planning and help Model Risk Officers with prioritization.

• Monitor and report model risk metrics, and facilitate escalation when breaches occur

• Centrally manage programs owned by MRGR to ensure the model risk framework's smooth and effective execution, including processes like inventory confirmations, CCAR etc.

• Engage with senior leaders, development and model review teams on model risk activities impacting their area including on Regulatory and Audit deliverables.

• Identify process execution pain points and work with the other COO teams:
  Product, Policy and Analytics to come up with solutions and put tactical or strategic enhancements in place.

• Proven project/program management capabilities

• Solid understanding of risk management frameworks and the Three Lines of Defense model in large organizations. Experience working closely with model risk and/or model development functions

• Strong stakeholder management and teamwork skills, with clear communication and effective relationship building

• Ability to synthetize data and build commentary to share with a senior audience as needed.

• Self-motivation, outstanding organizational skills and ability to work in a fast-paced environment.

• Intellectual curiosity with a proven ability to learn quickly.

• A degree in an analytical field e.g. Business and Finance, Engineering, or Mathematics.

• Experience in Model Risk Management

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.

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…