JPMorgan Risk Management - Firmwide Macro Economic Variables Executive Director 

United States, New York 

84593168

As an Risk Management - Firmwide Macro Economic Variables - Executive Director in the Model Risk Governance & Review (MRGR) group you will lead a team conducting review and governance activities for all macroeconomic forecasting models used by the firm.

Job Responsibilities

• Manage a team of model risk professionals ensuring high standards for effective challenge for all model review and governance activities.
• Lead risk assessments and communication of model risk findings to senior stakeholders both internal and external.
• Write and manage production of high-quality validation reports evaluation of conceptual soundness of model design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics.
• Lead your team in designing experiments to measure the potential impact of model limitations, parameter estimation error or deviations from model assumptions; compare model outputs with empirical evidence and/or outputs from model benchmarks.
• Stay informed of latest macroeconomic and financial market developments in the US and abroad and assess their implications on the models.
• Lead the development of benchmark models to understand and evaluate the model risks posed by macroeconomic variables used across all lines of business.
• Lead interactions during model-related audits and regulatory examinations.

Required qualifications, skills, and capabilities

• Deep understanding of macroeconomic theory, statistics, econometrics, and forecasting. PhD or Master’s degree and relevant industry experience.
• Demonstrated leadership ability, including experience managing team members effectively in multiple locations and across geographic time-zones.
• Strong project management and organizational skills: flexible, adaptable to shifting priorities to achieve the most effective result.
• Strong communication skills both verbally and in writing together with a proven ability to work across the firm on model-related issues.
• Strong risk and control mindset with the ability to ask incisive questions, assess materiality of model issues, and escalate appropriately.
• Understanding of Python, R, or equivalent.