Company Name:-
JPMorgan Chase Bank, N.A.

Job Location:-
Mumbai, Maharashtra

Job Summary:-
Job summary:
Financial Institutions routinely use models for a broad range of activities including analyzing business strategies, informing business decisions, identifying and measuring risk, valuing exposures or instruments, hedging derivative positions, conducting stress testing, assessing capital adequacy, managing clients assets, informing investment process, measuring compliance with internal limits, maintaining the formal control apparatus of the bank, meeting financial or regulatory reporting requirements and issuing public disclosures.

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.

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Morgan’s Securitized Products Group business originates, underwrites and trades mortgage and other asset-backed receivables, and the product mix includes residential and commercial mortgage-backed securities and loans, as well as auto, credit card, student loan and consumer receivables.

The Public Finance group serves the needs of public sector clients, including state and local governments, non-profit institutions and certain corporations that issue debt in the tax-exempt capital markets.

The group offers its public sector clients origination, execution, infrastructure fina

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