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- Tasks: Support model risk management and ensure effective execution of risk processes.
- Company: Join JPMorgan Chase, a leader in financial services with a focus on innovation.
- Benefits: Competitive salary, diverse team, and opportunities for professional growth.
- Why this job: Make a real impact in risk management while working with top professionals.
- Qualifications: Project management skills and understanding of risk frameworks required.
- Other info: Dynamic environment with opportunities to engage with senior leaders.
The predicted salary is between 36000 - 60000 £ per year.
Join JPMorgan Chase and play a pivotal role in Risk Management and Compliance, ensuring the firm's strength and resilience. Use your expertise to anticipate risks and solve challenges that affect our company and communities. Our culture encourages innovative thinking and challenges the status quo.
As part of the Model Risk Governance and Review (MRGR) team, you'll support the management of model risk, ensuring model validation and governance activities are conducted to identify, measure, and mitigate model risk in the firm. You will be part of a global and diverse team dedicated to supporting the design, implementation, and execution of the firm’s model risk management framework.
You will ensure the execution of various model risk processes, including managing the model review book of work, overseeing estimation risk committees, and conducting model risk monitoring and reporting. Additionally, you will play a key role in regulatory, audit, and critical capital stress testing exercises such as CCAR. Your responsibilities will also include coordinating with the MRGR policy and MRGR product/technology teams to enhance model risk policy, procedures, and product/technology.
Job responsibilities- Support model risk coverage activities for the respective MRGR Lines of Business, for example: prepare material for key Risk Committees and Forums, and model risk Business Review Meetings; lead model review and issue remediation planning and help Model Risk Officers with prioritization.
- Monitor and report model risk metrics, and facilitate escalation when breaches occur.
- Centrally manage programs owned by MRGR to ensure the model risk framework’s smooth and effective execution, including processes like inventory confirmations, CCAR etc.
- Engage with senior leaders, development and model review teams on model risk activities impacting their area including on Regulatory and Audit deliverables.
- Identify process execution pain points and work with the other COO teams: Product, Policy and Analytics to come up with solutions and put tactical or strategic enhancements in place.
- Proven project/program management capabilities.
- Good understanding of risk management frameworks and the Three Lines of Defense model in large organizations.
- Experience working closely with model risk and/or model development functions.
- Strong stakeholder management and teamwork skills, with clear communication and effective relationship building.
- Ability to synthetize data and build commentary to share with a senior audience as needed.
- Self-motivation, outstanding organizational skills and ability to work in a fast-paced environment.
- Intellectual curiosity with a proven ability to learn quickly.
- Advanced knowledge of Excel.
- A degree in an analytical field: Business and Finance, Engineering, or Mathematics.
- Experience in Model Risk Management.
Model Risk Management – Program Management – Associate in London employer: Jpmorgan Chase & Co.
Contact Detail:
Jpmorgan Chase & Co. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Risk Management – Program Management – Associate in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those at JPMorgan Chase. Use LinkedIn to connect and engage with them; you never know who might help you land that interview.
✨Tip Number 2
Prepare for your interviews by researching the company culture and values. JPMorgan Chase loves innovative thinkers, so come ready with examples of how you've challenged the status quo in your past roles.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. We want you to sound authentic, not rehearsed. Think about how your skills in project management and risk frameworks can shine through.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're genuinely interested in being part of the team at JPMorgan Chase.
We think you need these skills to ace Model Risk Management – Program Management – Associate in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Model Risk Management role. Highlight your project management capabilities and any relevant experience in risk management frameworks to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about model risk management and how your background makes you a perfect fit for our team. Don’t forget to mention your teamwork and stakeholder management skills!
Showcase Your Analytical Skills: Since this role involves a lot of data synthesis and reporting, make sure to highlight your analytical abilities. Share examples of how you've used data to drive decisions or improve processes in your previous roles.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re genuinely interested in joining our team!
How to prepare for a job interview at Jpmorgan Chase & Co.
✨Know Your Risk Management Frameworks
Make sure you brush up on your understanding of risk management frameworks, especially the Three Lines of Defense model. Be ready to discuss how these frameworks apply to model risk management and how you've used them in past experiences.
✨Showcase Your Project Management Skills
Prepare specific examples that highlight your project and programme management capabilities. Think about times when you successfully managed a project from start to finish, particularly in a fast-paced environment, and be ready to share those stories.
✨Engage with Stakeholders
Demonstrate your strong stakeholder management skills by preparing to discuss how you've built relationships and communicated effectively with various teams. Have examples ready that show your ability to engage with senior leaders and collaborate across departments.
✨Data Synthesis is Key
Be prepared to talk about your experience in synthesising data and building commentary for senior audiences. Bring examples of reports or presentations you've created that effectively communicated complex information in a clear and concise manner.
