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Model Risk Governance Manager Jobs in New York (NOW HIRING)

Model Validation Expert

Manhattan, NY · On-site

$145 - $175/hr

... Risk Management (MRM) program as Bloomberg navigates its obligations under ERR. This is a senior ... Prepare and present validation conclusions to leadership committees and governance forums * Partner ...

Associate, Risk Governance with Goldman Sachs & Co. LLC in New York, New York. Assess risk for ... and Management, or related field and one (1) year of experience in the job offered or a related ...

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Model Risk Governance Manager information

What is the difference between Model Risk Governance Manager vs Model Risk Analyst?

AspectModel Risk Governance ManagerModel Risk Analyst
Primary FocusOversees model risk policies, governance frameworks, and compliancePerforms detailed model validation, testing, and analysis
ResponsibilitiesDevelops risk management strategies, monitors model risk, ensures regulatory adherenceConducts model performance assessments, documentation, and validation activities
Required CredentialsAdvanced degrees in finance, statistics, or related fields; certifications like FRM or CFA often preferredSimilar credentials; often holds certifications like FRM or CFA
Work EnvironmentStrategic, governance-focused teams within financial institutionsAnalytical teams performing technical validation tasks

The Model Risk Governance Manager focuses on overseeing model risk frameworks and ensuring compliance, while the Model Risk Analyst conducts detailed model validation and testing. Both roles require similar credentials and work within the financial industry, but their responsibilities differ in scope and focus.

What are the most commonly searched types of Model Risk Governance jobs in New York?

The most popular types of Model Risk Governance jobs in New York are:

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What cities in New York are hiring for Model Risk Governance Manager jobs?

Cities in New York with the most Model Risk Governance Manager job openings:

Risk Management-Quant Model Director-Executive Director

JPMorgan Chase & Co.

Jersey City, NJ • On-site

$250 - $360/hr

Other

Posted 19 days ago


JPMorgan Chase & Co. rating

7.9

Company rating: 7.9 out of 10

Based on 500 frontline employees who took The Breakroom Quiz

78th of 175 rated banks


Job description

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 a Risk Management Quant Modeling Director-Executive Director in Model Risk and Governance Review (MRGR), you play a key role in ensuring robust model risk management. You will provide direction in the validation and governance of Wholesale Grading Models, collaborate with experts across the firm, and help shape business strategy. You will expand your quantitative modeling expertise and contribute to the firm’s resilience.

Job responsibilities:
  • Play a senior role in the validation and governance of Wholesale Grading models across the firm including team leadership
  • Set and enhance standards for Wholesale model development practices
  • Evaluate adherence to development standards and performance metrics
  • Identify weaknesses, limitations, and emerging risks through independent testing
  • Communicate risk assessments and findings to stakeholders
  • Document conclusions in high-quality technical reports
  • Support ongoing model usage and aggregate model risk management
  • Participate in model-related audits and regulatory examinations
  • Provide technical leadership and oversight
  • Collaborate with cross-functional teams
  • Manage multiple priorities in a fast-paced environment
Required qualifications, capabilities, and skills:
  • Master's degree or PhD in a quantitative discipline (e.g., Mathematical Finance, Statistics, Mathematics, Physics, Engineering, Corporate Finance, Econometrics)
  • Minimum of 10 years of experience developing or validating Wholesale credit risk models, with focus on grading models
  • Expertise in statistical and quantitative techniques for Wholesale/grading model development and validation with the ability to provide technical leadership and insight and to evaluate modeling choices using both evidence and credit/economic intuition
  • Experience with wholesale grading across lending types, including obligor rating models and collateral-/facility-secured lending
  • Strong written and verbal communication skills
  • Proven leadership and risk management mindset
  • Strong project management and organizational skills
  • Proficiency in Python for model validation workflows (e.g. building benchmark models)
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