As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong ... In this role, you will work directly with the model developers and reviewers, as well as ...
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong ... In this role, you will work directly with the model developers and reviewers, as well as ...
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong ... In this role, you will work directly with the model developers and reviewers, as well as ...
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong ... In this role, you will work directly with the model developers and reviewers, as well as ...
Works with model risk management to validate the results and stability of models before being pushed to production at scale. This role is remote eligible in the continental U.S. with occasional ...
Works with model risk management to validate the results and stability of models before being pushed to production at scale. This role is remote eligible in the continental U.S. with occasional ...
Ensure compliance with Firmwide model risk management standards and applicable regulatory expectations (e.g., SR 117/OCC 201112), with strong documentation, controls, and audit readiness. * Deliver ...
Ensure compliance with Firmwide model risk management standards and applicable regulatory expectations (e.g., SR 117/OCC 201112), with strong documentation, controls, and audit readiness. * Deliver ...
Ensure compliance with Firmwide model risk management standards and applicable regulatory expectations (e.g., SR 117/OCC 201112), with strong documentation, controls, and audit readiness. * Deliver ...
Ensure compliance with Firmwide model risk management standards and applicable regulatory expectations (e.g., SR 117/OCC 201112), with strong documentation, controls, and audit readiness. * Deliver ...
Ensure compliance with Firmwide model risk management standards and applicable regulatory expectations (e.g., SR 11-7/OCC 2011-12), with strong documentation, controls, and audit readiness. * Deliver ...
Ensure compliance with Firmwide model risk management standards and applicable regulatory expectations (e.g., SR 11-7/OCC 2011-12), with strong documentation, controls, and audit readiness. * Deliver ...
Additionally, this role serves as the subject matter expert on Strategic and Reputation Risk, partnering with the Director of Financial and Model Risk to provide Risk Management's perspective on the ...
Additionally, this role serves as the subject matter expert on Strategic and Reputation Risk, partnering with the Director of Financial and Model Risk to provide Risk Management's perspective on the ...
Support the Enterprise Risk Management function, assisting with coordination, documentation, and tracking for key risk activities including areas such as new product/change governance, model risk ...
Support the Enterprise Risk Management function, assisting with coordination, documentation, and tracking for key risk activities including areas such as new product/change governance, model risk ...
Manage relationships with operators regarding coverage, claims and participation in captive ... Model financial impact of insurance structures, including risk retention and captive utilization ...
Manage relationships with operators regarding coverage, claims and participation in captive ... Model financial impact of insurance structures, including risk retention and captive utilization ...
AVP, Risk Management
Plano, TX · On-site
Manage relationships with operators regarding coverage, claims and participation in captive ... Model financial impact of insurance structures, including risk retention and captive utilization ...
AVP, Risk Management
Plano, TX · On-site
Manage relationships with operators regarding coverage, claims and participation in captive ... Model financial impact of insurance structures, including risk retention and captive utilization ...
Risk Management - Stress Testing Lead - Vice president
Plano, TX · On-site
$112K - $189K/yr
At JPMorgan Chase, risk professionals don't just manage risk - they anticipate it, challenge ... Calculate, analyze, and communicate key modeling parameters - including Probability of Default ...
Risk Management - Stress Testing Lead - Vice president
Plano, TX · On-site
$112K - $189K/yr
At JPMorgan Chase, risk professionals don't just manage risk - they anticipate it, challenge ... Calculate, analyze, and communicate key modeling parameters - including Probability of Default ...
Develops and deploys models within the Model Development Control (MDC) and Model Risk Management (MRM) framework. * Composes and peer reviews technical documents for knowledge persistence, risk ...
Develops and deploys models within the Model Development Control (MDC) and Model Risk Management (MRM) framework. * Composes and peer reviews technical documents for knowledge persistence, risk ...
Strong knowledge of risk management functions, specifically financial risk (e.g., liquidity/treasury, market, counterparty credit risk) and related non-financial risk (e.g., model, operational) and ...
Strong knowledge of risk management functions, specifically financial risk (e.g., liquidity/treasury, market, counterparty credit risk) and related non-financial risk (e.g., model, operational) and ...
At JPMorgan Chase, risk professionals don't just manage risk - they anticipate it, challenge ... Calculate, analyze, and communicate key modeling parameters - including Probability of Default ...
At JPMorgan Chase, risk professionals don't just manage risk - they anticipate it, challenge ... Calculate, analyze, and communicate key modeling parameters - including Probability of Default ...
At JPMorgan Chase, risk professionals don't just manage risk - they anticipate it, challenge ... Calculate, analyze, and communicate key modeling parameters - including Probability of Default ...
At JPMorgan Chase, risk professionals don't just manage risk - they anticipate it, challenge ... Calculate, analyze, and communicate key modeling parameters - including Probability of Default ...
Develops and deploys models within the Model Development Control (MDC) and Model Risk Management (MRM) framework. * Composes and peer reviews technical documents for knowledge persistence, risk ...
Develops and deploys models within the Model Development Control (MDC) and Model Risk Management (MRM) framework. * Composes and peer reviews technical documents for knowledge persistence, risk ...
Manager, Risk Management Audit
Dallas, TX · On-site
... model, operational) and audit functions. Prior auditing experience in these areas. Exposure in working with risk management personnel would be an asset. • Strong ability to assess design ...
Manager, Risk Management Audit
Dallas, TX · On-site
... model, operational) and audit functions. Prior auditing experience in these areas. Exposure in working with risk management personnel would be an asset. • Strong ability to assess design ...
Principal Associate, Data Science - Model Risk Office
Plano, TX · On-site
$56K - $56K/yr
Principal Associate, Data Science - Model Risk Office Data is at the center of everything we do. As ... Partner with a cross-functional team of data scientists, software engineers, and product managers ...
Principal Associate, Data Science - Model Risk Office
Plano, TX · On-site
$56K - $56K/yr
Principal Associate, Data Science - Model Risk Office Data is at the center of everything we do. As ... Partner with a cross-functional team of data scientists, software engineers, and product managers ...
Model Governance Support - Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems. * Emerging Technology Risk - Support assessments related to ...
Model Governance Support - Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems. * Emerging Technology Risk - Support assessments related to ...
Model Governance Support -- Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems. * Emerging Technology Risk -- Support assessments related to ...
Model Governance Support -- Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems. * Emerging Technology Risk -- Support assessments related to ...
Model Risk Management information
See Dallas, TX salary details
$36.1K - $45.2K
4% of jobs
$45.2K - $54.4K
13% of jobs
$61K is the 25th percentile. Wages below this are outliers.
$54.4K - $63.5K
11% of jobs
$63.5K - $72.6K
16% of jobs
The median wage is $74.9K / yr.
$72.6K - $81.7K
25% of jobs
$86.3K is the 75th percentile. Wages above this are outliers.
$81.7K - $90.9K
13% of jobs
$90.9K - $100K
8% of jobs
$100K - $109.1K
3% of jobs
$109.1K - $118.3K
1% of jobs
$118.3K - $127.4K
1% of jobs
$127.4K - $136.5K
5% of jobs
$36.1K
$81.4K
$136.5K
How much do model risk management jobs pay per year?
What are the key skills and qualifications needed to thrive in the Model Risk Management position, and why are they important?
To excel in Model Risk Management, a professional needs a strong grounding in quantitative finance, statistics, and risk assessment, often backed by advanced degrees in relevant fields. Familiarity with technical tools such as Python, R, SAS, and model validation platforms, along with relevant certifications like FRM or CFA, is highly beneficial. Exceptional communication skills, attention to detail, and critical thinking help individuals stand out when interacting with model developers and risk committees. Mastery of these abilities ensures thorough risk analysis, regulatory compliance, and effective mitigation of financial model risks within the organization.
What are some common challenges faced by professionals in Model Risk Management roles?
Professionals in Model Risk Management commonly encounter challenges such as evolving regulatory requirements, the complexity of advanced financial models, and ensuring effective communication between technical and non-technical stakeholders. Staying current with industry best practices while rigorously validating and documenting models can be demanding but is critical for reducing financial and operational risks. Team members often work cross-functionally, collaborating closely with quants, risk managers, and IT teams to evaluate model performance and implement improvements. Adapting to new analytical tools and maintaining a proactive approach to emerging risks will help you succeed and grow in this dynamic field.
What is a Model Risk Management job?
A Model Risk Management (MRM) job involves identifying, assessing, and mitigating risks associated with financial and analytical models used by an organization. Professionals in this role ensure models are accurate, reliable, and comply with regulatory requirements by conducting validation, testing, and performance monitoring. They work closely with model developers, risk teams, and auditors to manage model lifecycle processes. Strong quantitative, analytical, and regulatory knowledge are key skills for success in this field.
Full-time
Medical, Retirement
Re-posted yesterday
JPMorgan Chase & Co. rating
8.0
Based on 491 frontline employees who took The Breakroom Quiz
57th of 149 rated banks
Job description
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 Project Manager, Vice President within the Commercial and Investment Bank (CIB), Wholesale Credit Risk (WCR) organization, you will be responsible for overseeing the planning, execution and delivery of model development projects. In this role, you will work directly with the model developers and reviewers, as well as implementation, production and business teams, and other stakeholders to ensure that models are developed efficiently and meet business objectives. The Project Manager will manage resources and timelines, while ensuring quality control and compliance with industry standards.
Job responsibilities
- Manage stakeholder relationships by conducting regular meetings with model users to define project scope, objectives, and deliverables that align with business goals.
- Oversee the planning and execution of the Book of Work for all model development teams.
- Manage daily operations, including ensuring the timely submission of model documentation.
- Develop detailed project plans, including timelines, milestones, and resource allocation.
- Partner with internal control functions, including Internal Audit, Control Management, and Model Risk Governance and Review, to ensure adherence to the firm's policies and governance processes.
- Supervise the remediation of regulatory and audit findings, as well as model risk issues.
- Manage quality assurance processes to ensure models adhere to performance and accuracy standards.
- Support the team in adopting new technologies and methodologies to enhance model development processes.
Foster a collaborative and innovative team environment, encouraging continuous learning and development.
Required qualifications, capabilities and skills
Bachelor's degree in business, a quantitative field, or a related field.
Proven experience in project management within a technical environment.
Knowledge of industry standards and best practices in model development.
Proficiency with, and willingness to use, firm-approved AI tools to improve productivity and quality while adhering to applicable policies, controls, and data handling requirements.
Excellent communication and interpersonal skills, with the ability to manage diverse teams.
Strong problem-solving skills and the ability to adapt to changing priorities.
Ability to work independently and collaboratively in a fast-paced environment.
Attention to detail and a commitment to accuracy and quality.
Preferred qualifications, capabilities and skills
Certification in project management (e.g., PMP, Agile).
Project management experience within financial services/banking.
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
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About JPMorgan Chase & Co
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Industry
Finance and insurance and banking and credit intermediation
Company size
10,000+ Employees
Headquarters location
New York, NY, US