Model Risk Governance and Review Group – Quant Model Risk – Associate
1 month 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 by using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
Model Risk Governance and Review (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 review 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 they have been approved, and that model users are aware of the model limitations and how they could impact business decisions.
MRGR Corporate & Investment Banking (CIB) Trading covers valuation and risk-management models used within the Corporate & Investment Bank. The team focuses on Derivatives Instruments, which involve some of the most complex and advanced modeling techniques used in the industry.
As an Associate in MRGR’s Valuation Control Group team (VCG), you will be at the center of the firm’s model review and governance activities with exposure to a wide variety of model types and cutting-edge modeling techniques. You will have exposure to a variety of business areas and work closely with other Risk Teams, Model Developers, Trading, and Finance, who are all key stakeholders in the day-to-day management of model risk.
Job responsibilities
Evaluate conceptual soundness of model specifications, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability and comprehensiveness of performance metrics and risk measures Design and implement experiments to measure the potential impact of model limitations, parameter estimation errors, and deviations from model assumptions; compare model outputs with empirical evidence or outputs from model benchmarks Document the model review findings and communicate them to stakeholders Help represent MRGR VCG in meetings with VCG, management and regulators Help develop the MRGR VCG team Serve as the first point of contact for model governance related inquiries for the coverage area, and help identify and escalate issues to ensure that their resolutions are sound and timely Provide guidance on the appropriate usage of models to model developers, users, and other stakeholders in the firm Stay abreast of the ongoing performance testing outcomes for models used in the coverage area, and communicate those outcomes to stakeholders Maintain the model inventory and model metadata for the coverage area Keep up with the latest developments in coverage area in terms of products, markets, models, risk management practices, and industry standards Participate in model-related audits and regulatory examinations of the coverage areaRequired qualifications, capabilities and skills
Excellent written and verbal communication skills Experience in a modeling or validation role Strong analytical and problem-solving abilities Excellence in probability theory, stochastic processes, statistics, partial differential equations, and numerical analysis. Understanding of options and derivative pricing theory and risks Strong Risk and control mindset. Experience with Risk Policies and Procedures Good comprehension skills, an inquisitive nature, ability to ask salient questions, assess materiality of model issues, and escalate issues appropriately The ability to interface with front office and functional areas in the firm on model-related issues; produce documents for internal and external (regulatory) consumptionPreferred qualifications, capabilities and skills
Some prior knowledge of VCG methodologies (in particular, Fair Value Adjustments and Prudent Valuation Adjustments) Experience interacting with regulators Good team player with experience working with other teams around tight deadlines Demonstrate organization skills: flexible, adaptable to shifting priorities to achieve the most effective result and able to work in a fast-paced, results-driven environment Proficient in Python, R, Matlab, C++, or other programming languages-
London, United Kingdom JPMorgan Chase & Co. Full timeModel Risk Governance and Review Group (MRGR) carries out the review of models used across the firm and model risk governance. MRGR has a global presence across New York, London, Mumbai, and Paris. As a Quant Model Risk Associate / Vice President in MRGR team, you can expect to deal with developing model risk policy and control procedures, providing...
-
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...
-
Market Risk Models Quant
5 days ago
London, United Kingdom Millar Associates Full timeMarket Risk Models Quant, (VP, Snr VP), London London Ref: MRQ-1007 Up to £250k Total Comp Leading Global Investment Bank Front Office Group, Flow Rates, Curves & Vol modelling, Swaptions Pricing, VaR, etc., C# or C++ This global investment bank, seeks to hire a VP level Quant Analyst to focus on optimisation of their Front Office VAR...
-
Risk Model Review
1 month 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...
-
Equity - Quant Model Risk - VP
2 weeks ago
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 using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and...
-
Model Risk Quant
1 month ago
London, United Kingdom JPMorgan Chase Bank, N.A. Full timeThe 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. As a model risk quant within MRGR Credit Portfolio team, you will carry out validation and governance activities for models used in Counterparty Credit Risk (CCR) space. You will...
-
Model Review Quant
1 month 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...
-
Quant Risk Manager
1 week ago
City of London, Greater London, United Kingdom Quant Capital Full timeQuant Market Risk Manager Apply promptly! A high volume of applicants is expected for the role as detailed below, do not wait to send your CV. Hybrid 4 days per week £130,000 plus 30% Quant Capital is urgently looking for a Quant Market Risk Manager to join our high profile client. Our client is a well-known major global exchange. We are looking for a...
-
Quant Risk Manager
1 week ago
City of London, Greater London, United Kingdom Quant Capital Full timeQuant Market Risk Manager Apply promptly! A high volume of applicants is expected for the role as detailed below, do not wait to send your CV. Hybrid 4 days per week £130,000 plus 30% Quant Capital is urgently looking for a Quant Market Risk Manager to join our high profile client. Our client is a well-known major global exchange. We are looking for a...
-
Quant Risk Manager
4 days ago
City of London, United Kingdom Quant Capital Full timeQuant Market Risk ManagernHybrid 4 days per weekn£130,000 plus 30%Quant Capital is urgently looking for a Quant Market Risk Managerto join our high profile client.nOur client is a well-known major global exchange.We are looking for a Risk Manager to shape risk management practice at one of the largest futures and options clearing houses in the world. This...
-
Quant Risk Manager
2 weeks ago
London, United Kingdom Quant Capital Full timeQuant Market Risk ManagerHybrid 4 days per week£130,000 plus 30%Is this the role you are looking for If so read on for more details, and make sure to apply today.Quant Capital is urgently looking for a Quant Market Risk Manager to join our high profile client.Our client is a well-known major global exchange.We are looking for a Risk Manager to shape risk...
-
Quant Risk Manager
4 days ago
City Of London, UK, Central London, United Kingdom Quant Capital Full timeQuant Market Risk ManagerHybrid 4 days per week£130,000 plus 30%Quant Capital is urgently looking for a Quant Market Risk Manager to join our high profile client.Our client is a well-known major global exchange.We are looking for a Risk Manager to shape risk management practice at one of the largest futures and options clearing houses in the world. This...
-
Model Risk Governance Delivery
4 hours ago
London, United Kingdom eFinancialCareers Full timeAs a Barclays Model Risk Governance Delivery Manager, you will work as part of our Governance and Engagement team and be accountable for helpingthe delivery of key forums and reporting deliverables. Ensuring effective communication, improving accountabilityand transparency, and enabling informed decision making you will also be responsible for identifying...
-
Pricing Models
5 days ago
London, United Kingdom Millar Associates Full timePricing Models & Risk Engine Quants, (VP), London Paris & London Ref: MREQ-0903 Up to £220k Total + Benefits & Pension Leading Global Investment Bank New Paris Quant Modelling Team: FX/Equity Derivatives Modelling, Risk Engines, IBOR Reform, SIMM , C++ or C# This global investment bank, seeks to hire several Quant Analyst to join their...
-
Model Risk Electronic Trading
1 month 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...
-
Risk Model Governance and Compliance
7 days ago
London, United Kingdom eFinancialCareers Full timeJob title: Risk Model Governance and Compliance Corporate Title: Senior Associate / Junior VP Department: Risk Management - Global Risk Methodology Group Location: London **Company overview**: **Division Overview**: The Risk Model and Regulatory Oversight (RMRO) team is part of the Global Risk Methodology Group (RMG) and responsible for supervising RMG's...
-
Model Risk/model Validation Sme
1 month ago
London, United Kingdom eFinancialCareers Full timeSome key points for this role - You won't be responsible for validating models - But will need to have awareness of model risk and how validation is done - This is not a pure quant role but you will be someone with awareness of model risk and able to lead projects in the space - Consulting background is desirable but not a prerequisite - must be willing to...
-
Model Risk Electronic Trading
1 month ago
London, United Kingdom JPMorgan Chase Bank, N.A. Full timeModel Risk arises from the potential adverse consequences of making decisions based on incorrect or misused model outputs and reports, leading to financial loss, poor business decision making, or reputational damage. As part of the firm's model risk management function, Model Risk Governance and Review (MRGR) is charged with developing model risk policy and...
-
Model Risk Governance Program Manager
5 days ago
London, United Kingdom Barings Full timeAt Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.We thank...
-
Risk Manager
4 weeks ago
London, Greater London, United Kingdom Quant Capital Full timeQuant Risk ManagerHybrid 3 days per week£140,000Quant Capital is urgently looking for a Quant Risk Manager to join our high profile client.Our client is a well-known major global exchange.We are looking for a Risk Manager to shape risk management practice at one of the largest futures and options clearing houses in the world.You will be joining a very...