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- Tasks: Support model risk management and ensure effective execution of risk processes.
- Company: Join J.P. Morgan, a global leader in financial services.
- Benefits: Diverse work environment, career growth opportunities, and commitment to inclusion.
- 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 team culture that values innovation and collaboration.
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.
As a Model Risk Management – Program Management – Associate within the MRGR Chief Operating Office (MRGR COO), 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.
Required Qualifications, Capabilities, And Skills
- 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.
Preferred Qualifications, Capabilities, And Skills
- A degree in an analytical field e.g. Business and Finance, Engineering, or Mathematics.
- Experience in Model Risk Management.
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.
Model Risk Management – Program Management – Associate in London employer: JPMorganChase
Contact Detail:
JPMorganChase 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 already at JPMorgan Chase. A friendly chat can open doors and give you insights that might just set you apart from the crowd.
✨Tip Number 2
Prepare for interviews by diving deep into model risk management topics. Brush up on your knowledge of risk frameworks and be ready to discuss how you can contribute to the MRGR team. Confidence is key!
✨Tip Number 3
Showcase your project management skills! Be ready to share examples of how you've successfully managed projects or programmes in the past. This will highlight your fit for the Associate role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, you’ll find all the latest opportunities right there.
We think you need these skills to ace Model Risk Management – Program Management – Associate in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Model Risk Management role. Highlight your project management skills and any relevant experience in risk management frameworks. We want to see how you fit into our team!
Showcase Your Skills: Don’t just list your qualifications; demonstrate how they relate to the job. If you've got experience with model validation or stakeholder management, let us know! Use specific examples to show off your abilities.
Be Clear and Concise: When writing your application, keep it straightforward. Use clear language and avoid jargon unless it's relevant. We appreciate a well-structured application that gets straight to the point!
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at JPMorganChase
✨Know Your Risk Management Frameworks
Make sure you brush up on your understanding of risk management frameworks, especially the Three Lines of Defense model. Being able to discuss how these frameworks apply to model risk management will show that you’re not just familiar with the theory but can also apply it in practice.
✨Prepare for Stakeholder Engagement
Since this role involves a lot of interaction with senior leaders and various teams, practice articulating your thoughts clearly and confidently. Think of examples where you've successfully managed stakeholder relationships or resolved conflicts, as these will be key talking points during your interview.
✨Showcase Your Analytical Skills
Be ready to demonstrate your analytical capabilities, particularly with data synthesis and commentary building. Prepare to discuss specific instances where you've used Excel or other tools to analyse data and present findings, as this will highlight your technical skills relevant to the role.
✨Demonstrate Your Curiosity and Adaptability
J.P. Morgan values intellectual curiosity, so come prepared with questions about the company’s model risk management practices. Show that you’re eager to learn and adapt by discussing how you’ve tackled new challenges in fast-paced environments before.
