Risk Management - Firmwide Macro Economic Variables - Executive Director - JPMorgan Chase
New York, NY
About the Job
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
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.
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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary
New York,NY $190,000.00 - $285,000.00 / year
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.
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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary
New York,NY $190,000.00 - $285,000.00 / year
Source : JPMorgan Chase