Risk Model Review
3 weeks ago
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.
**About the Group**
The Model Risk Governance and Review Group (MRGR) oversees model risk at the firm, conducts independent model reviews, and provides guidance around a model's appropriate usage. The Group is tasked with assessing and mitigating the risk posed by usage of all types of quantitative models in the firm.
**Job summary**:
The Group (MRGR) is responsible for conducting model validation to help identify, measure, and mitigate Model Risk. The objective is to ensure that models are used appropriately in the business context and that model users are aware of the models' strengths and limitations and how these can impact their decisions.
The aim of the MRGR VaR group is to perform reviews of the Firm's VaR models and to ensure the way in which JP Morgan quantifies, monitors and manages risk is robust. This role involves examining the behavior of these risk models by examining their performance for different exposures and in varying market conditions. It entails exposure to a broad range of models, including the pricing models used to value derivatives, and statistical models of the risk factors used to estimate possible market scenarios.
MRGR carries out model validation activities and works closely with Risk, Finance and LOB professionals to review findings, and to perform on-going model risk measurement and risk mitigation strategies.
**Core responsibilities**:
- Model reviews: evaluate conceptual soundness of model specification; reasonableness of assumptions and reliability of inputs; completeness of testing performed to support the correctness of the implementation; robustness of numerical aspects; suitability and comprehensiveness of performance metrics and risk measures associated with use of a model.
- Model risk measurement: design and implement experiments to measure the potential impact of model limitations, parameter estimation error or deviations from model assumptions; compare model outputs with empirical evidence and/or outputs from model benchmarks.
- Identify market conditions under which a model's performance may degrade.
- Liaise with FO, Finance and Risk professionals to monitor usage and performance of the models and syndicate the findings of model validation.
- Document and explain review findings to model developers and risk management.
**Minimum Skills, Experience and Qualifications**
- Deep understanding of probability theory, econometrics, statistics, and numerical methods.
- Experienced in one or more programming languages and in working with complex data sets.
- Excellent analytical and problem solving abilities.
- Inquisitive nature, ability to ask right questions and to escalate issues. Risk & Control mindset.
- Excellent communication skills (written and verbal).
**Additional Skills, Experience and Qualifications**
The following additional items will be considered but are not required for this role
- Model validation, model developer, or trading desk support experience.
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
-
Model Risk Governance and Review
5 days ago
London, United Kingdom JPMorgan Chase Bank, N.A. Full timeAs 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...
-
Model Risk Governance and Review
4 weeks ago
London, United Kingdom JPMorgan Chase Bank, N.A. Full timeAs 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...
-
London, United Kingdom JPMorgan Chase & Co. Full timeAs 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 by using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture is all about...
-
London, United Kingdom JPMorgan Chase & Co. Full timeJoin the Risk Management and Compliance team at JPMorgan Chase, where you'll play a pivotal role in maintaining our strength and resilience. You'll anticipate emerging risks and use your expertise to tackle challenges affecting our company, customers, and communities. As part of the Model Risk Governance and Review (MRGR) team, you'll conduct independent...
-
Model Risk Manager
7 days ago
London, United Kingdom Goodman Masson Full timeResponsibilities: The Model Risk Manager position covers the team members who start acting as model validation manager. To be able to cover a wider range of models and projects, they need to delegate part of their review work to entry-level analyst and analyst team membersby defining the analyses to be performed, supervising and structuring their work during...
-
Model Risk Manager
4 weeks ago
London, United Kingdom eFinancialCareers Full timeResponsibilities: The Model Risk Manager position covers the team members who start acting as model validation manager. To be able to cover a wider range of models and projects, they need to delegate part of their review work to entry-level analyst and analyst team membersby defining the analyses to be performed, supervising and structuring their work during...
-
Model Risk
1 week ago
London, United Kingdom JPMorgan Chase Bank, N.A. Full timeAs 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 by using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management...
-
Model Risk
4 weeks ago
London, United Kingdom JPMorgan Chase Bank, N.A. Full timeAs 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 by using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management...
-
Model Review Quantitative Analysis
4 weeks ago
London, United Kingdom JPMorgan Chase Bank, N.A. Full timeAs 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...
-
Market Risk Model Development
4 weeks ago
London, United Kingdom eFinancialCareers Full time**Company Summary**: A global investment bank are currently seeking a driven and motivated Market Risk Model Validator to work alongside the Front Office on developing bench marking models. The successful applicant for this role will be responsible for ensuring the front office models are properly reviewed. **The individual will be responsible for**: -...
-
Risk Model Validation Specialist
4 weeks ago
London, United Kingdom Solytics Partners LLC Full timeWe are seeking a highly skilled Risk Model Validation Analyst to join our team. The ideal candidate will have expertise in Python programming and a deep understanding of risk models, including Value-at-Risk (VaR), Stressed VaR, Risk Not In VaR (RNIV), Incremental Risk Charge (IRC), Haircuts, EEP, Stress Testing, Fundamental Review of Trading Book (FRTB),...
-
Senior Credit Risk Modeller
2 weeks ago
London, United Kingdom Harnham Full timeCREDIT RISK MODELLER - 12 MONTH FTC £This role offers an opportunity to work across a wide range of models in addition to excellent exposure within a bank well known for their strong work culture. This company is a successful UK bank who are continuing to grow. As a specialist lender, this bank has a clear focus and mission and are seeking an...
-
Senior Credit Risk Modeller
2 weeks ago
London, United Kingdom Harnham Full timeCREDIT RISK MODELLER - 12 MONTH FTC £This role offers an opportunity to work across a wide range of models in addition to excellent exposure within a bank well known for their strong work culture. This company is a successful UK bank who are continuing to grow. As a specialist lender, this bank has a clear focus and mission and are seeking an...
-
Senior Credit Risk Modeller
6 days ago
London, United Kingdom Harnham Full timeCREDIT RISK MODELLER – 12 MONTH FTC £This role offers an opportunity to work across a wide range of models in addition to excellent exposure within a bank well known for their strong work culture. This company is a successful UK bank who are continuing to grow. As a specialist lender, this bank has a clear focus and mission and are seeking an...
-
Senior Credit Risk Modeller
6 hours ago
London, United Kingdom Harnham Full timeJob Description CREDIT RISK MODELLER – 12 MONTH FTC £This role offers an opportunity to work across a wide range of models in addition to excellent exposure within a bank well known for their strong work culture. This company is a successful UK bank who are continuing to grow. As a specialist lender, this bank has a clear focus and mission and are...
-
London, United Kingdom Goldman Sachs Full timeRISK Our Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective...
-
London, Greater London, United Kingdom Goldman Sachs Full timeRISK Our Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective...
-
London, United Kingdom Goldman Sachs Full timeRISK Our Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective...
-
Model Risk Consultant
4 weeks ago
London, United Kingdom Harnham - Data & Analytics Recruitment Full time**MODEL RISK CONSULTANT** **£45,000-£55,000 + COMPETITIVE BENEFITS** **LONDON** An up-and-coming financial institution is looking for a Model Risk Consultant to join their fast-growing company. If you're passionate about maintaining, monitoring, and building models, look no further than this excellent opportunity. **THE COMPANY**: As a Model Risk...
-
Financial Risk Modeller
4 weeks ago
London, United Kingdom Sanderson Recruitment Full timePrudential Risk Modeller Industry: Banking Fully remote £Collaborating with key figures in Finance and other relevant departments to empower the Bank in accurately modeling its financial standing, both in the present and future, both tactically and strategically. This involves focusing on crucial areas such as financial forecasting and analysis pertaining...
