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Senior Model Risk Management Jobs in Rutherford, NJ

DTCC

Model Validation Senior Associate

Jersey City, NJ · On-site

Model Risk Management, MRM is responsible for overseeing enterprise-wide model risk management and ... Per the Federal Reserve Supervision and Regulator guidance (SR 11-7), Model Validation is the set ...

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All JobsModel Risk Management JobsSenior Model Risk Management JobsSenior Model Risk Management Jobs in Rutherford, NJ

Senior Model Risk Management information

See Rutherford, NJ salary details

$22.9K

$120.6K

$214.1K

How much do senior model risk management jobs pay per year?

As of Jul 12, 2026, the average yearly pay for senior model risk management in Rutherford, NJ is $120,556.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,100.00 and $147,800.00 per year, depending on experience, location, and employer.

What is the difference between Senior Model Risk Management vs Model Validation Analyst?

AspectSenior Model Risk ManagementModel Validation Analyst
CredentialsAdvanced degrees in finance, statistics, or related fields; certifications like FRM or CFASimilar credentials; often holds CFA, FRM, or related certifications
Work EnvironmentStrategic oversight, risk assessment, policy development within financial institutionsHands-on model testing, validation, and documentation in quantitative teams
Industry UsageUsed across banking, insurance, asset management for risk governancePrimarily in banking and financial services for model validation roles

While both roles require quantitative expertise and relevant certifications, Senior Model Risk Management focuses on overseeing and managing model risks at a strategic level, whereas Model Validation Analysts concentrate on testing and validating models to ensure accuracy and compliance.

What are the most commonly searched types of Model Risk Management jobs in Rutherford, NJ? The most popular types of Model Risk Management jobs in Rutherford, NJ are:
What job categories do people searching Senior Model Risk Management jobs in Rutherford, NJ look for? The top searched job categories for Senior Model Risk Management jobs in Rutherford, NJ are:
What cities near Rutherford, NJ are hiring for Senior Model Risk Management jobs? Cities near Rutherford, NJ with the most Senior Model Risk Management job openings:
Senior Model Risk Management jobs near you
Infographic showing various Senior Model Risk Management job openings in Rutherford, NJ as of July 2026, with employment types broken down into 100% Full Time. Highlights an 72% In-person, 14% Hybrid, and 14% Remote job distribution, with an average salary of $120,556 per year, or $58 per hour.
Risk Management - Quant Modelling Senior Associate

Risk Management - Quant Modelling Senior Associate

JP Morgan Chase

Manhattan, NY

Full-time

Medical, Retirement

Posted 17 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 491 frontline employees who took The Breakroom Quiz

57th of 149 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 Modelling Senior Associate within the MRGR CIO team, you will be responsible for overseeing model risk and conducting independent model reviews.. Model Risk arises from the potential adverse consequences of making decisions based on incorrect or misused model outputs and reports, leading to financial loss, poor business decision making, or reputational damage.

The Model Risk Governance and Review Group (MRGR) oversees model risk at the firm, conducts independent model reviews, and provides guidance around a model's appropriate usage. MRGR is responsible for conducting model validation to help identify, measure, and mitigate Model Risk. The objective is to ensure that models are used appropriately in the business context and that model users are aware of the models' strengths and limitations and how these can impact their decisions.

Job Responsibilities

  • Engage in typical model validation activities - evaluate conceptual soundness of model specification; reasonableness of assumptions and reliability of inputs; completeness of testing performed to support the correctness of the implementation; robustness of numerical aspects; suitability and comprehensiveness of performance metrics and risk measures associated with use of model.

  • Perform additional model review activities ranging from proposing enhancements to existing models, assessing extensions to scope of existing models, developing benchmarking models.

  • Liaise with Risk and Finance professionals to provide oversight of and guidance on appropriate usage, controls around model restrictions & limitations, and findings for ongoing performance assessment and testing

  • Maintain model risk control apparatus of the bank for the coverage area, and serve as first point of contact

  • Keep up with the latest developments in coverage area in terms of products, markets, models, risk management practices, and industry standards

Required qualifications, skills and capabilities

  • Strong quantitative & analytical skills:  The role requires a strong quantitative background based on a PhD or MSc Degree (or equivalent) in a quantitative discipline such as Math, Science, Engineering, Quantitative/Math Finance, etc.

  • Strong technical skills in derivative pricing with deep understanding of stochastic calculus

  • Strong knowledge and/or experience with interest rate modelling (for fixed income vanilla product pricing) 

  • Domain expertise in following areas: prepayment modeling across trading and traditional banking products, Interest Rate and Mortgage Backed Securities trading models.

  • 1+ years of relevant working experience in areas such as Quantitative Model Development, Model Validation, Credit and/or Market Risk Management

  • Strong communication skills and ability to interface with other functional areas in the bank on model-related issues

  • Risk and control mindset: ability to ask incisive questions, converge on critical matters, assess materiality and escalate issues

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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