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JPMorgan Risk Management - Emerging Risks Senior Associate United States, New Jersey, Jersey City 571935589
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As a Risk Management - Emerging Risks Senior Associate within the Risk Management and Compliance team at JPMorgan Chase, you will play a pivotal role in maintaining our strength and resilience. You will anticipate emerging risks and use your expertise to tackle challenges impacting our company, customers, and communities. You will be part of the MRGR team, conducting independent model validation and governance activities to mitigate Model Risk. You will also be part of the PPG team, managing the model risk framework across the firm, particularly in the rapidly evolving AI/ML space. |
Job Responsibilities
- Collaborate with stakeholders across the firm to identify new and evolving AI/ML practices, and evaluate whether the existing governance framework (model risk management policy, procedures and standards) sufficiently addresses the emerging risks
- Support the pipeline of potential AI/ML use cases, in collaboration with the Chief Data Analytics Office (CDAO), Compliance and Operational Risk (CCOR) and line of business partners, and provide visibility to MRGR management and key stakeholders
- Partner with the PPG team, establish a framework for new classifications of models and tools
- Where the framework needs to be enhanced, support the implementation of the enhancements in collaboration with stakeholders within MRGR and across the firm
- Engage with stakeholders on controls and process design, especially where an interdisciplinary approach is needed, and identify opportunities for process optimization
- Develop and prepare communications for senior management and regulators about the emerging risks and mitigation strategies.
Required Qualifications, Skills and Capabilities
- Undergraduate or Master’s degree in economics, finance, computer science or another quantitative discipline
- 3+ years of experience in risk management, technology, model development or model risk roles
- Keen understanding of risk governance, and ability to navigate a complex organization
- Experience working with regulators and senior stakeholders. Exceptional influencing and process design skills.
- Experience with change management and build-out of systems, processes and frameworks
- Exceptional communication skills, with the ability to interface with other functional areas in the firm. Ability to translate technical considerations into business risks, and communicate effectively in an interdisciplinary environment
- Risk and control mindset: ability to ask incisive questions, identify and assess risks
- Exceptional organization skills and understanding of corporate governance: ability to influence at scale, resolve uncertainty, and deliver results in a fast-paced, multidisciplinary environment
Preferred Qualifications, Skills and Capabilities
- Experience in model review or model governance roles
- Experience with technology systems design
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