Risk Management - Model Risk Vice President jobs in United States
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JPMorganChase · 3 days ago

Risk Management - Model Risk Vice President

positionNew York, NY
timeFull-time
remoteOnsite
senioritySenior Level
money$147K/yr - $215K/yr

JPMorgan Chase is one of the oldest financial institutions, offering innovative financial solutions to a diverse clientele. As a Quant Modeling Lead within the Risk Management team, you will assess and mitigate risks associated with complex models and collaborate closely with model developers and users to ensure effective model performance and usage.

Asset ManagementBankingFinancial Services
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Growth Opportunities
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H1B Sponsor Likelynote

Responsibilities

Lead model reviews: analyze conceptual soundness of complex pricing models, engines, and reserve methodologies; assess model behavior and suitability of pricing models/engines for Mortgage-Backed Securities and other securitization products
Guide on model usage and act as 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
Liaises with model developers, Risk and Valuation Control Groups and provide guidance on model risk
Evaluate model performance on a regular basis

Qualification

Probability theoryStochastic processesStatisticsNumerical analysisOption pricing theoryC/C++PythonInquisitive natureSecuritized ProductsPrepayment ModelsExperience in FO roleExperience in model risk roleCommunication

Required

Excellence in probability theory, stochastic processes, statistics, partial differential equations, and numerical analysis
MSc, PhD
Inquisitive nature, ability to ask right questions and escalate issues
Excellent communication skills (written and verbal)
Good understanding of option pricing theory (i.e. quantitative models for pricing and hedging derivatives)
Good coding skills, for example in C/C++ or Python

Preferred

Experience with Securitized Products and Interest Rate Derivatives
Experience with Prepayment Models for Securitization Products
MSc, PhD or equivalent in a quantitative discipline
Experience in a FO or model risk quantitative role

Benefits

Comprehensive health care coverage
On-site health and wellness centers
A retirement savings plan
Backup childcare
Tuition reimbursement
Mental health support
Financial coaching

Company

JPMorganChase

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With a history tracing its roots to 1799 in New York City, JPMorganChase is one of the world's oldest, largest, and best-known financial institutions—carrying forth the innovative spirit of our heritage firms in global operations across 100 markets.
dateFounded in 2000
location
New York, New York, USA
people-size10001+ employees
web-link
https://www.jpmorganchase.com/

H1B Sponsorship

JPMorganChase has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (3471)
2024 (3469)
2023 (3395)
2022 (3594)
2021 (2515)
2020 (2495)

Funding

Current Stage
Public Company
Total Funding
unknown
1998-02-01IPO

Leadership Team

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Allison Beer
CEO of Card Services and Connected Commerce
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Dan Mendelson
CEO, Morgan Health
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