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Model Risk Governance Jobs in New Jersey (NOW HIRING)

Royal Bank of Canada

Director, Model Risk

Jersey City, NJ · On-site

$185K - $260K/yr

Lead or monitor key 1LOD control execution and governance activities (e.g., model inventories) and ... Drive or influence enhanced risk metrics to ensure comprehensive risk coverage and accurate ...

DTCC

Model Validation Senior Associate

Jersey City, NJ · On-site

Prepare model validation and review presentations to the Model Risk Governance Council (MRGC) meetings for model approval, model issue tracking, and resolution. * Present model validation, review ...

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Model Risk Governance information

What are some typical challenges faced in a Model Risk Governance role?

Professionals in Model Risk Governance often encounter challenges such as keeping up with evolving regulatory requirements, ensuring comprehensive documentation for models, and maintaining effective communication between technical modelers and business stakeholders. Balancing rigorous model validations with tight project timelines can also be demanding, especially when coordinating input from various teams. Overcoming these hurdles requires a proactive approach to learning, strong organizational skills, and the ability to translate complex quantitative issues into actionable insights for decision-makers. These challenges make the work dynamic and offer significant opportunities to influence critical risk management processes within the organization.

What is a Model Risk Governance job?

A Model Risk Governance job involves overseeing the policies, procedures, and frameworks used to manage model risk within an organization. Professionals in this role ensure that models used for decision-making in areas like finance, risk management, and compliance are properly validated, monitored, and updated. They work closely with model developers, risk managers, and regulators to enforce governance standards and mitigate potential risks. Key responsibilities include establishing model validation processes, conducting risk assessments, and ensuring compliance with regulatory requirements.

What are the key skills and qualifications needed to thrive in the Model Risk Governance position, and why are they important?

To excel in Model Risk Governance, you typically need a strong background in quantitative finance, statistics, or a related field, often with advanced degrees such as a master's or Ph.D., and experience in risk management. Familiarity with model validation tools, programming languages like Python or R, and regulatory frameworks such as SR 11-7 or Basel guidelines is highly valued. Strong analytical thinking, communication skills, and the ability to manage multiple stakeholders are key soft skills for this position. These competencies ensure effective oversight of model risk, facilitate regulatory compliance, and enable clear communication of complex technical issues to non-technical stakeholders.

What are the most commonly searched types of Model Risk Governance jobs in New Jersey? The most popular types of Model Risk Governance jobs in New Jersey are:
What are popular job titles related to Model Risk Governance jobs in New Jersey? For Model Risk Governance jobs in New Jersey, the most frequently searched job titles are:
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Model Risk Governance jobs near you
Infographic showing various Model Risk Governance job openings in New Jersey as of July 2026, with employment types broken down into 82% Full Time, 9% Part Time, and 9% Contract. Highlights an 82% In-person, and 18% Hybrid job distribution.
Risk Management - Model Risk Program Associate

Risk Management - Model Risk Program Associate

JPMorgan Chase & Co

Jersey City, NJ

Full-time

Medical, Retirement

Posted 20 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 492 frontline employees who took The Breakroom Quiz

71st of 170 rated banks

Job description

Join JPMorgan Chase's Risk Management and Compliance team, where your expertise will drive the re-engineering of how model risk is managed across the firm. As part of the Model Risk Governance and Review (MRGR) AI Center of Excellence (AI COE) team, your work will be instrumental in transforming the model risk lifecycle and enabling a new paradigm for how risk professionals and model developers collaborate.

As a Risk Management - Model Risk Program Associate in the Model Risk Governance and Review (MRGR) AI Center of Excellence (AI COE) team, you will design and build AI-native tools, workflows, and platforms that re-engineer how model risk professionals conduct validation and governance. You will also bring deep applied AI expertise to the review of AI/ML and LLM-based models deployed across the firm. This role places you at the forefront of how Generative AI is being operationalized in financial services.

Job Responsibilities

  • Design, build, and deploy AI and LLM-based solutions that transform core MRGR processes and workflows during validation and governance.
  • Work closely with MRGR teams to identify opportunities for AI to enhance and modernize model risk management practices and to understand the unique challenges and requirements of model risk governance.
  • Remain current with emerging AI and LLM developments, get hands-on with new capabilities to understand their strengths and limitations, assess how they can be applied within MRGR workflows, and communicate actionable recommendations to stakeholders.
  • Enable MRGR teams to effectively leverage AI tools and platforms in their day-to-day workflows, ensuring adoption is aligned with evolving best practices across the organization. 
  • Conduct independent model validation and governance activities to mitigate model risk, with a focus on AI/ML models, LLM-based applications, and Generative AI systems.

Required Qualifications, Capabilities, and Skills

  • Master's or PhD degree in a quantitative discipline such as Mathematics, Statistics, Computer Science, Engineering, Economics, Finance, or a related field, with strong quantitative and analytical skills.
  • Hands-on experience with applied AI/ML and LLM technologies, including prompt engineering, RAG architectures, agentic AI systems, context engineering, agent skills, MCP architecture, agentic harness, LLM evaluation and beyond.  
  • Strong foundation in statistics, econometrics, and machine learning techniques, with a deep understanding of model assumptions, limitations, explainability, and performance evaluation.
  • Familiarity with LLM application tooling and frameworks (e.g., Claude Code, GitHub Copilot, LangChain, vector databases, embedding models, orchestration layers) and an understanding of how these components integrate in end-to-end deployed systems. Passion to stay at the forefront of how Generative AI is being operationalized in financial services and a desire to be a hands-on builder of AI solutions.
  • Strong communication skills with the ability to present complex AI concepts to both technical and non-technical audiences. A risk and control mindset with the ability to ask incisive questions, assess the materiality of model issues, and escalate appropriately
JPMorganChase, 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, paid in the form of cash and/or forfeitable equity, 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans

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.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

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