Risk Qualitative Model Review VP
Company Name:-
JPMorgan Chase Bank, N.A.
Job Location:-
Brooklyn, NY
Job Summary:-
Job detailsJob TypeFull-timeFull Job DescriptionModel Risk Governance & Review (MRGR) is a Corporate Risk team within JPMC with the responsibility of developing and implementing the Firmwide Model Risk Management (MRM) framework across the firm.
The Central Challenger Team (CCT) within MRGR has a firm-wide purview for independently reviewing forecasting approaches or Qualitative Models or QMs (models relying on business assumptions) that are used in the Firm’s capital stress testing, resolution planning, risk management and BAU forecasting processes.
The Vice President, Qualitative Model Review is expected to participate/lead the independent validation of Qualitative Models (QMs) developed within the Corporate Investment Bank (CIB) and Chief Investment Office (CIO).
Job Summary:Review of qualitative models developed primarily within the Investment Bank and Chief Investment Office for the Firm’s Capital Stress Testing, Resolution planning, Risk Management and other processes.
This includes the review of –
Key financial estimations and management judgments, including those related to capital measurement, stress testing & reporting, product valuation, and other high priority processes
Key assumptions and pro-forma financial results across material entities, primarily in the context of the Firm’s Resolution and Recovery process.
Core Responsibilities:Review qualitative estimations relying on statistical and judgmental components
Apply in-depth understanding of the drivers of the behavior of balances/fees/losses of different products and businesses using a combination of research and liaising with business lines.
Develop independent benchmarks to challenge LOB results (Statistical modeling experience is considered a strong plus)
Stay abreast of macroeconomic, regulatory and industry landscape and bring this to bear in benchmarking analysis
Maintain knowledge of capital markets products/market risk concepts and their applications in forecasting
Identify innovation opportunities to enhance forecast effectiveness and efficiency
The team partners with the Corporate Capital Stress Testing team, Recovery & Resolution team, Lines of Business, Regulatory Policy, Financial Reporting, Quantitative Research and various other F
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