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Vice President Model Risk Management Jobs in Montclair, NJ

Phaxis

Risk Management Vice President

Jersey City, NJ · On-site

A financial services company is actively looking for a Risk Management Vice President to join the team. This position will be focusing on margining and stress testing of options, equities, fixed ...

Raymondjames

VP, Risk Data & Analytics

New York, NY · On-site

The VP will transform challenges and opportunities into value-driven use cases and oversee the ... model risk management. * Provide ad hoc reporting, visualization, and analytical support for ...

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Vice President Model Risk Management information

See Montclair, NJ salary details

$44.3K

$160.5K

$282.8K

How much do vice president model risk management jobs pay per year?

As of Jul 16, 2026, the average yearly pay for vice president model risk management in Montclair, NJ is $160,529.00, according to ZipRecruiter salary data. Most workers in this role earn between $117,200.00 and $193,600.00 per year, depending on experience, location, and employer.

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

AspectVice President Model Risk ManagementModel Validation Analyst
CredentialsAdvanced degrees (e.g., MBA, PhD), certifications like FRM or CFABachelor's or Master's in finance, statistics, or related fields; certifications like FRM or CFA often preferred
Work EnvironmentStrategic leadership, cross-department collaboration, executive-level reportingAnalytical, detail-oriented work focused on model testing and validation
Employer & Industry UsageFinancial institutions, banks, asset managers, regulatory bodiesFinancial firms, risk management teams, model development groups

The Vice President Model Risk Management oversees the entire model risk framework, focusing on strategy, governance, and high-level risk assessment. In contrast, the Model Validation Analyst conducts detailed testing and validation of models to ensure accuracy and compliance. While both roles require strong quantitative skills and relevant certifications, the VP role is more strategic and managerial, whereas the analyst role is more technical and operational.

What are the most commonly searched types of Model Risk Management jobs in Montclair, NJ? The most popular types of Model Risk Management jobs in Montclair, NJ are:
What job categories do people searching Vice President Model Risk Management jobs in Montclair, NJ look for? The top searched job categories for Vice President Model Risk Management jobs in Montclair, NJ are:
What cities near Montclair, NJ are hiring for Vice President Model Risk Management jobs? Cities near Montclair, NJ with the most Vice President Model Risk Management job openings:
Vice President Model Risk Management jobs near you
Risk Management - Market Risk Model Development - Quantitative Analytics - Vice President

Risk Management - Market Risk Model Development - Quantitative Analytics - Vice President

JPMorgan Chase & Co.

Manhattan, NY • On-site

$123K - $220K/yr

Full-time

Medical, Retirement

Posted 12 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

58th 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 Vice President of Quantitative Analytics in the Market Risk Model Development team, you will design and implement models that are critical to the firm's risk management and regulatory compliance. You will work with a diverse group of colleagues who value your insights and support your growth. Together, we ensure our models meet the highest standards and make a real impact on the business.
Job Responsibilities
  • Apply statistical analysis to historical market data to specify and implement mathematical models for Value-at-Risk, regulatory capital, and stress testing of Fixed Income portfolios, with a focus on Securitized products and Credit Trading
  • Devise statistical tests to evaluate model performance and quantify the impact of alternative modeling assumptions
  • Interpret regulatory pronouncements and translate them into actionable model specifications
  • Coordinate model implementation with Front Office model developers and Technology partners
  • Explain model behavior to Risk managers, Trading desk personnel, and Regulators
  • Establish comprehensive model documentation and liaise with Model Risk Governance and Review for model validation
  • Assess model risk issues associated with valuation and risk models, and devise compensating controls when necessary

Required Qualifications, Capabilities, and Skills
  • 5+ years of experience as a quantitative analyst or quantitative risk manager, ideally with experience developing or validating models used for valuation or risk management of Fixed Income portfolios
  • Bachelor of Science degree in Engineering, Mathematics, Physics, Finance/Economics, Computer Science or a related field
  • Wide knowledge of Fixed income products, particularly Securitized products
  • Strong foundation in probability theory, time series analysis, and statistics as applied to financial modeling
  • Proficiency in computer programming, with experience handling large datasets and using Python tools such as pandas, scipy, sklearn, and Jupyter
  • Excellent verbal and written communication skills, with the ability to present complex concepts to both technical and non-technical audiences

Preferred Qualifications, Capabilities, and Skills
  • Advanced degree (PhD or Masters) in Engineering, Mathematics, Physics, Finance, Computer Science, or a related field
  • Demonstrated curiosity about finance and a research-oriented mindset
  • Experience consulting academic literature to solve practical modeling challenges
  • Enthusiasm for sharing knowledge and collaborating within a team environment

About Us
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
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

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