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Legal Entity Model Risk Governance and Review - Vice President

  • Job
    Full-time
    Entry & Junior Level
  • Banking & Finance
  • London

AI generated summary

  • You need a quantitative degree, strong project management skills, analytical abilities, and excellent communication. Prior experience in model risk governance or risk management is a plus.
  • You will oversee model risk governance, provide guidance on model usage, lead projects, represent team in risk committees, and conduct country risk model reviews at a leading financial institution.

Requirements

  • A university degree (Bachelor or Masters) in a quantitative or business-centric discipline, such as mathematical finance, economics, statistics, physics, Masters of Finance or Business Administration.
  • Exceptional project management and organizational skills.
  • Quantitative, analytical and problem-solving skills: ability to understand and discuss model risk-related issues.
  • Excellent communication and presentation skills and ability to interface with regulators, audit, other functional areas in the bank on model-related issues.
  • Ability to interpret supervisory statements and regulatory policy.
  • Risk and control mindset: ability to ask incisive questions and make risk based judgement calls.
  • Preferred qualifications, capabilities, and skills
  • Prior experience in Model Governance, Model Validation, Risk Management or Regulatory Relations.
  • Familiarity with data processing and analysis.

Responsibilities

  • Maintain the model risk governance and control framework of JPMorgan Securities plc to ensure robust model risk management practices and compliance with regulatory expectation.
  • Act as the first point of contact for all model risk questions associated with JPMorgan Securities plc from both internal and external stakeholders.
  • Represent the MRGR team in relevant risk committees and forums to provide transparency on the model risk inherent in the running of JPMorgan Securities plc.
  • Coordinate projects and initiatives within the model risk space that impact the EMEA Legal Entities.
  • Liaise with Risk and Finance professionals to provide oversight of and guidance on appropriate usage, controls around model restrictions & limitations, and findings for model reviews and ongoing performance assessment & testing.
  • Conduct Country Risk model reviews and participate in associated model governance activities.

FAQs

What are the main responsibilities of the Legal Entity Model Risk Governance and Review - Vice President role?

The main responsibilities include maintaining the model risk governance and control framework, acting as the point of contact for model risk questions, representing the team in risk committees, coordinating projects impacting EMEA Legal Entities, providing oversight and guidance on model restrictions and limitations, and conducting Country Risk model reviews.

What qualifications and skills are required for this role?

Required qualifications include a university degree in a quantitative or business-centric discipline, exceptional project management skills, quantitative and analytical abilities, excellent communication and presentation skills, ability to interpret regulatory policies, and a risk and control mindset.

What are some preferred qualifications for this role?

Preferred qualifications include prior experience in Model Governance, Model Validation, Risk Management, or Regulatory Relations, as well as familiarity with data processing and analysis.

Who will the Legal Entity Model Risk Governance and Review - Vice President interact with in this role?

The Vice President will interact with regulators, auditors, model developers, Risk and Finance professionals, and other stakeholders within the firm's risk and finance functions.

Finance
Industry
10,001+
Employees
2000
Founded Year

Mission & Purpose

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world. Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries. Whether we are serving customers, helping small businesses, or putting our skills to work with partners, we strive to identify issues and propose solutions that will propel the future and strengthen both our clients and our communities. © 2017 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

Benefits

  • Healthcare and Insurance Plans

    Our employees are entitled to a variety of healthcare insurance plans, ranging from medical, dental and vision, to life and accident, disability, before-tax spending accounts, and group legal services.

  • Wellness Programs

    We are committed to providing employees with exceptional care — including arranging wellness screenings and assessment as well as access to health coaches, counseling, and guidance services for our employees.

  • Employee Programs

    Programs offered to eligible employees include parental leave, back-up child care services, flexible work options, matching gifts, discounts on banking services, electronics, arts and entertainment, fitness programs, travel and more.

  • Family Care

    We know how important your family's health is to you so we offer a variety of healthcare packages that cover you and your partner, your children and your parents.

  • Hybrid Working Model

    Dependent on the needs of the business and the nature of the role, JPMorgan Chase offers a hybrid work model for some roles, with at least three days on-site.