Description : - Financial Institutions routinely use models for a broad range of activities including credit underwriting, valuing financial instruments, measuring and managing risks, assessing the adequacy of reserves and capital resources, and many other applications. 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 & Review (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. - MRGR Policy, Practice & Governance team maintains the group's governing policies and procedures, while working on consistency, identifying best practices and improvements to the model risk management processes, and running quality assurance. Core responsibilities : The candidate will join the MRGR Practice team that is tasked with analysis and effective challenge of Model Risk Management Framework including (but not limited to) the following activities: - Identification of process weaknesses and proposal for remediation with the goal of meeting strategic target state of Model Risk Management framework - Maintenance of model review and documentation templates in line with both regulatory guidance and the firm's model development and review standards - Development of best practice guidelines and training materials related to Model Risk management and control practices - Conduct model risk focused governance projects and tasks to address regulatory and senior management inquiries Qualifications : - Undergraduate in a quantitative discipline such as Engineering, Computer Science, Quantitative/Math Finance, Economics - Strong quantitative & analytical skills (Statistics, Econometrics, Quantitative Finance, Machine Learning) - Strong written and verbal communication skills - Risk and control mindset: ability to ask incisive questions, converge on critical matters, assess materiality, and escalate issues Tools: Excel / VBA JPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. Note : For your candidature to be considered on this job, you need to apply necessarily on the company's redirected page of this job. Please make sure you apply on the redirected page as well.

Mumbai

JP Morgan Chase - Associate - Model Risk Policy/Practice & Governance 

Job Description for JP Morgan Chase - Associate - Model Risk Policy/Practice & Governance  in JP Morgan Chase in  Mumbai for (0-1) years of experience. Apply Now!