Model Risk Governance and Review Group – Quant Model Risk – Vice President

2 months ago

London, United Kingdom JPMorgan Chase & Co. Full time

Join 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 reviews and governance activities to mitigate Model Risk. You'll ensure models are fit for purpose and used appropriately, keeping users informed of limitations. The MRGR Corporate & Investment Banking (CIB) Trading team focuses on Derivatives Instruments, employing some of the industry's most advanced modeling techniques.

As a Vice President 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

Evaluates 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.  Performs independent testing of models by replicating or building benchmark models. Designs and implements 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. Documents the model review findings and communicates them to stakeholders. Helps represent MRGR VCG in meetings with VCG, management and regulators. Helps develop the MRGR VCG team. Manages Model Governance activities, including: serving as the first point of contact for model governance related inquiries for the coverage area, and helping identify and escalate issues to ensure that their resolutions are sound and timely; providing guidance on the appropriate usage of models to model developers, users, and other stakeholders in the firm; staying abreast of the ongoing performance testing outcomes for models used in the coverage area, and communicate those outcomes to stakeholders, maintaining the model inventory and model metadata for the coverage area, keeping up with the latest developments in coverage area in terms of products, markets, models, risk management practices, and industry standards, participating in model-related audits and regulatory examinations of the coverage area.

Required 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) consumption.


Preferred qualifications, capabilities and skills

Some previous managerial experience. 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 project management and 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.

  • Equity - Quant Model Risk - Associate / Vice President

    2 weeks ago

    London, United Kingdom JPMorgan Chase & Co. Full time

    Model 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...

  • Vice President

    1 month ago

    London, United Kingdom JPMorgan Chase Bank, N.A. Full time

    JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. The Model Risk...

  • Model Risk Governance and Review Group – Quant Model Risk – Associate

    1 month ago

    London, United Kingdom JPMorgan Chase & Co. Full time

    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...

  • Model Risk Governance and Review Group – Quant Model Risk – Associate

    4 days ago

    London, United Kingdom JPMorgan Chase & Co. Full time

    Join the team that is at the center of keeping JPMorgan Chase strong and resilient.  As part of Risk Management and Compliance team, 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...

  • Quantitative Analyst Vice President

    1 month ago

    London, United Kingdom eFinancialCareers Full time

    Join us as a Quantitative Analytics Vice President - This is an opportunity to join our Model Governance team within our Quantitative Analytics group, to drive our model governance agenda across NatWest Markets (NWM) - You'll have a direct impact on the Trading and Capital Markets businesses by supporting the development and governance of various models...

  • Equity - Quant Model Risk - VP

    2 weeks ago

    London, United Kingdom JPMorgan Chase & Co. Full time

    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...

  • Market Risk Models Quant

    5 days ago

    London, United Kingdom Millar Associates Full time

    Market 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...

  • Quant Risk Manager

    1 week ago

    City of London, Greater London, United Kingdom Quant Capital Full time

    Quant 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 time

    Quant 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 time

    Quant 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 Modelling

    2 weeks ago

    London, United Kingdom JPMorgan Chase & Co. Full time

    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 in Risk Management...

  • Quant Risk Manager

    2 weeks ago

    London, United Kingdom Quant Capital Full time

    Quant 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...

  • VP model validation

    4 days ago

    London, United Kingdom MUFG Bank, Ltd Full time

    Vice President, Model Validation page is loaded Vice President, Model Validation Apply locations London time type Full time posted on Posted 9 Days Ago job requisition id 10064777-WD Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the...

  • VP model validation

    4 days ago

    London, United Kingdom MUFG Bank, Ltd Full time

    Vice President, Model Validation page is loaded Vice President, Model Validation Apply locations London time type Full time posted on Posted 9 Days Ago job requisition id 10064777-WD Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world....

  • VP model validation

    5 days ago

    London, United Kingdom MUFG Bank, Ltd Full time

    Vice President, Model Validation page is loaded Vice President, Model Validation Apply locations London time type Full time posted on Posted 9 Days Ago job requisition id 10064777-WD Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world....

  • Quant Risk Manager

    4 days ago

    City Of London, UK, Central London, United Kingdom Quant Capital Full time

    Quant 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...

  • Governance & Conduct Risk Manager, Vice President at Citi

    5 days ago

    London, United Kingdom Citi Full time

    Governance & Conduct Risk Manager, Vice President at Citi Citi London, United Kingdom Governance & Conduct Risk Manager, Vice President at Citi Citi London, United Kingdom Posted 3 days ago In-Office Job Permanent Competitive Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in...

  • Governance & Conduct Risk Manager, Vice President at Citi

    4 days ago

    London, United Kingdom Citi Full time

    Governance & Conduct Risk Manager, Vice President at Citi Citi London, United Kingdom Governance & Conduct Risk Manager, Vice President at Citi Citi London, United Kingdom Posted 3 days ago In-Office Job Permanent Competitive Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in...

  • Vice President, Model Validation

    4 days ago

    London, United Kingdom MUFG Full time

    Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term...

  • Vice President, Model Validation

    5 days ago

    London, Greater London, United Kingdom MUFG Full time

    Do you want your voice heard and your actions to count?Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we're 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships,...