Risk Management - Quant Modeling Lead - Vice President
Company: JPMorgan Chase & Co.
Location: Jersey City
Posted on: April 3, 2026
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Job Description:
Description 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 key player in Risk Management and Compliance at
JPMorgan Chase, you'll be at the forefront of maintaining our
strength and resilience. You'll anticipate emerging risks and use
your expertise to tackle challenges affecting our company,
customers, and communities. In our culture, we value innovative
thinking and strive for excellence. As part of the Model Risk
Governance and Review (MRGR) team, you'll conduct independent model
validation and governance activities to manage model risk. Your
role ensures models are fit for purpose, used correctly, and that
users understand their limitations and business impact. Job
responsibilities Model Review Evaluate conceptual soundness of
modeling framework, reasonableness of assumptions, reliability of
inputs, completeness of testing, correctness of implementation, and
suitability / comprehensiveness of performance metrics and risk
measures. Perform independent testing of models by replicating
and/or building benchmark models. Design and implement tests to
measure the potential impact of model limitations, parameter
estimation errors, and deviations from model assumptions. Evaluate
the risks posed by non-transparent model parameters and/or complex
relationships and suggest ways to mitigate such risks. Cogently
document the model review and validation findings. Model Governance
Serve as the first point of contact for model governance related
inquiries for the coverage area, and help identify and escalate
issues to ensure that their resolutions are sound and timely.
Provide guidance on the appropriate usages of models to model
developers, users, and other stakeholders in the firm. Stay abreast
of the ongoing performance testing outcomes for models used in the
coverage area and communicate those outcomes to stakeholders.
Maintain and update the model inventory for the coverage area.
Participate in model-related audits and regulatory examinations of
the coverage area. Required qualifications, skills and capabilities
A Ph.D. or Master’s degree in Mathematics, Physics, Financial
Engineering, Statistics, Economics (with a focus on Econometrics),
or a related quantitative field of study is required. 3 years of
relevant experience in quantitative or modeling in a model review
or quantitative research function for securitized products,
particularly mortgage loans. Proficient in using Python, R, or C++
for quantitative analysis and modeling. Excellence in probability
theory, stochastic processes, statistics, regression, and data
analysis. Excellent communication skills with the ability to
interface with other functional areas in the firm and strong
writing skills for producing technical documents for internal and
external (regulatory) consumption. Risk and control mindset with
the ability to ask incisive questions, assess materiality of model
risk issues, and escalate issues appropriately. Strong project
management and organization skills: flexible, adaptable to shifting
priorities to achieve the most effective results, and able to work
in a fast-paced and results-driven environment.
Keywords: JPMorgan Chase & Co., Vineland , Risk Management - Quant Modeling Lead - Vice President, Accounting, Auditing , Jersey City, New Jersey
