Job Description

JOB DESCRIPTION The role is open at Vice President MRGR CIB Trading, India and open at locations -Mumbai/Bangalore




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 and Compliance 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 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 a VP in MRGR CIB Trading, 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.


This role will perform the following activities:


Model Review

• 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
• Perform independent testing of models by replicating or building benchmark models
• 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


Model Governance

• 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

Minimum Skills, Experience and Qualifications:


We are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role.


• A Ph.D. or Master's degree in a quantitative field such as Math, Physics, Engineering, Computer Science, Economics or Finance is required
• Strong analytical and problem-solving abilities
• Proficient in Python, R, Matlab, C++, or other programming languages
• Understanding of options and derivative pricing theory and risks
• Strong communication skills with the ability to interface with front office traders, and other functional areas in the firm on model-related issues; and produce documents for internal and external (regulatory) consumption
• Teamwork oriented


ABOUT US

JPMorgan Chase & Co., 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 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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.







ABOUT THE TEAM



Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.