Risk Modeling Job Vacancy in JPMorgan Chase Bank, N.A. Mumbai, Maharashtra – Updated today

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Company Name : JPMorgan Chase Bank, N.A.
Location : Mumbai, Maharashtra
Position :

Job Description : Financial Institutions routinely use models for a broad range of activities including analyzing business strategies, identifying and measuring risks, valuing exposures or instruments, conducting stress testing, assessing capital adequacy and meeting financial or regulatory reporting requirements. Model Risk arises from the potential adverse consequences of making decisions based on incorrect or misused model outputs, leading to financial loss, poor business decision making, or reputational damage.
As part of the firm’s model risk management function, Model Governance Group (MGG) is an independent risk management function charged with developing model risk policy & 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. Model manager roles within MGG provide attractive career paths in a dynamic setting working closely with Model Developers, Users, Risk and Finance professionals, where they act as key stakeholders on day-to-day model-related risk management decisions.
The successful candidate will be a member of the MGG CCB-Consumer and Community Banking (CCB) Line of Business (LoB) and will focus on the following activities:

Engage in model validation activities – evaluate conceptual, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, associated with development & use of the model. Perform additional model review activities such as reviewing proposed enhancements to existing models, extensions to scope of usage for existing models or providing specific approvals.
Liaise with various stakeholders including: Model Developers & Users (Risk, Finance, Operations and Marketing), MRGR, Fair Lending, Technology, Control teams, Internal Audit and Bank regulators
Maintain model risk controls for the CCB models & serve as first point of contact, help identify and escalate issues to ensure that their resolutions are sound and timely.
Manage accuracy of Model inventory, ongoing model performance monitoring, model change control, and participate in discussions with regulators on model risk.
Keep up with the latest developments in CCB/industry in terms of modeling techniques (advanced AI/ML methodologies) products, markets, models, risk management practices and industry standards.
Participate and actively contribute to various process enhancement initiatives for innovations/automation.

Essential skills, experience, and qualifications:

Strong quantitative & analytical skills: The role requires a strong quantitative background (PhD /Master Degree or equivalent) in Statistics, Mathematics, Operations Research, Physics, or a quantitative science, etc. Prefer candidates with knowledge of Machine Learning modeling methodologies.
Product domain expertise in: CCB (Consumer & Business banking, Card Services, Home Lending, Auto Finance etc.); ability to understand the business / knowledge of regulation surrounding business)
Experience: Preferably 3 years prior experience in Model Development or Model Validation in Financial institutions.
Strong communication skills – Verbal and Written, ability to interface with stakeholders on model-related issues
Risk and control mindset : Ask incisive questions, assess materiality of issues and escalate as required
Sound project management /organizational 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 Microsoft Office Suite (MS Word, Excel, PowerPoint and Access)
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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the “WELL Health-Safety Rating” for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Full vaccination is a requirement for this role for new hires joining JPMorgan Chase. Additional requirements include sharing information including your vaccine card in the firm’s vaccine record tool and may include mask wearing and social distancing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
Note: The requirement to be fully vaccinated to be hired for this role does not apply to roles with a work location in Arkansas, Florida, Iowa, Montana, and Tennessee. For applicants to these roles, JPMorgan Chase will consider all qualified applicants regardless of vaccination status, due to state and local laws.
Equal Opportunity Employer/Disability/Veterans

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