Model Risk Governance and Review – MGG Equities – Associate
Company Name:-
JPMorgan Chase Bank, N.A.
Job Location:-
Mumbai, Maharashtra
Job Summary:-
Model 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, the Model Governance Group (MGG) is charged with developing model risk policy and control procedures, performing model validation activities, providing guidance on a model’s appropriate usage in the business context, evaluating ongoing model performance testing, and ensuring that model users are aware of the model strengths and limitations.
Core responsibilities:
The successful candidate will focus on the following activities:Perform assessments of the conceptual soundness of model specification, the appropriateness of the methodology for its intended purpose, reasonableness of assumptions and reliability of inputs
Assess completeness of testing performed to support the correctness of the implementation
Assist with model identification process, assessing whether newly identified methodologies should be in scope of the model risk policy
Work with model developers and model users across the firm to understand methodology and usage
Liaise with other Model Governance groups in relevant coverage areas across the firm
Essential skills, experience, and qualifications:
The successful candidate will have the following skills, experience, and qualifications:Quantitative background ideally with a Master’s degree in Maths, Science, Engineering, Statistics, Quant Finance etc
Strong quantitative, analytical, and problem solving skills; knowledge of probability theory, statistics, mathematical finance, econometrics, numerical methods
Knowledge of finance industry, particularly in modeling- valuation, risk, capital, forecasting, investment management
Experience in model validation and/or model development preferred
Strong communication and interpersonal skills
Strong project management and organizational skills; ability to multi-task and meet deadlines
Ability to work independently, with remote supervision
Risk and control mindset: ability to ask incisive questions, assess materiality and escalate issues
JPMorgan Chase & Co.
, one of the oldest financial institu
FOR MORE DETAILS CLICK BELOW LINK
