Legal Entity Model Risk Governance and Review - Vice President

Greater London
Full time
Posted
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JP Morgan
Banking, investment & finance
10,001+ employees
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You will work in partnership with senior management, at the legal entity board and C-suite level, designing and implementing Model Risk Policies, Procedures and reporting for legal entities.

As a Legal Entity Model Risk Governance and Review - Vice President within our firm, you will work in partnership with senior management, at the legal entity board and C-suite level, designing and implementing Model Risk Policies, Procedures and reporting for legal entities. You will participate in day-to-day model risk management decisions associated with the firm’s EMEA legal entities and contribute to model governance activities related to Country Risk. This role provides an opportunity to work in a dynamic setting, interacting with regulators, auditors, model developers and professionals in the firm’s Risk and Finance functions.

Job responsibilities:

  • Maintain the model risk governance and control framework of JPMorgan Securities plc to ensure robust model risk management practices and compliance with regulatory expectation.
  • Act as the first point of contact for all model risk questions associated with JPMorgan Securities plc from both internal and external stakeholders.
  • Represent the MRGR team in relevant risk committees and forums to provide transparency on the model risk inherent in the running of JPMorgan Securities plc.
  • Coordinate projects and initiatives within the model risk space that impact the EMEA Legal Entities.
  • Liaise with Risk and Finance professionals to provide oversight of and guidance on appropriate usage, controls around model restrictions & limitations, and findings for model reviews and ongoing performance assessment & testing.
  • Conduct Country Risk model reviews and participate in associated model governance activities.

Required qualifications, capabilities, and skills:

  • A university degree (Bachelor or Masters) in a quantitative or business-centric discipline, such as mathematical finance, economics, statistics, physics, Masters of Finance or Business Administration.
  • Exceptional project management and organizational skills.
  • Quantitative, analytical and problem-solving skills: ability to understand and discuss model risk-related issues.
  • Excellent communication and presentation skills and ability to interface with regulators, audit, other functional areas in the bank on model-related issues.
  • Ability to interpret supervisory statements and regulatory policy.
  • Risk and control mindset: ability to ask incisive questions and make risk based judgement calls.

Preferred qualifications, capabilities, and skills

  • Prior experience in Model Governance, Model Validation, Risk Management or Regulatory Relations.
  • Familiarity with data processing and analysis.