JPMorgan Risk Management - Compliance Anti-Money Laundering 

United States, New Jersey, Jersey City 

934167485

As a Model Risk Program Associate within Risk Management and Compliance, you will be responsible for assessing the risks associated with models used for sanctions screening, trade surveillance, transaction monitoring, and other models within Compliance. You will perform independent testing, develop benchmarking tools, and monitor performance of the models. You will leverage your technical expertise and intellectual rigor to assess conceptual soundness of the data-promoten compliance models, identify and assess the emerging model risks from various component models and model-to-model interactions..

Job responsibilities

• Perform model reviews: analyze the conceptual soundness of compliance model and assess model behavior and suitability in the context of usage.
• Guide on model usage and act as the first point of contact for the business on all new models and changes to existing models.
• Develop and implement alternative model benchmarks and compare the outcome of various models. Design model performance metrics.
• Liaise with model developers, users, and compliance groups, and provide guidance on model risk.
• Evaluate model performance on a regular basis.

Required qualifications, capabilities, and skills

• 1 plus years of experience in a quantitative modeling role, such as Data Science, Quantitative Model Development, Model Validation, or Technology focused on Data Science.
• A PhD or Master’s degree in a quantitative field such as Mathematics, Physics, Engineering, Computer Science, Economics or Finance is required.
• Strong verbal and written communication skills, with the ability to interface with other functional areas in the firm on model-related issues and write high quality technical reports.
• Deep understanding of standard statistical techniques, such as regression analysis.
• Hands-on experience with standard Machine Learning models, including Boosted Trees, Neural Networks, SVM, and LLM (e.g. BERT).
• Experience of working with dedicated ML packages, such as TensorFlow or similar, as well as data processing and numeric programming tools (NumPy, SciPy, Pandas, etc.).
• Ability to implement benchmarking models in Python, R, or equivalent.
• Risk- and control-oriented mindset: ability to ask incisive questions, assess the materiality of model issues, and escalate issues appropriately.
• Ability to work in a fast-paced, results-driven environment.

Preferred qualifications, capabilities, and skills

• Prior experience in modeling, reviewing or managing models for sanctions screening, trade surveillance or transaction monitoring is desirable.
• Experience with database interfacing, data management, and preprocessing (e.g. SQL or kdb+, q) is a plus.