Job Description : - Model Risk Governance & Review (MRGR) - Central Challenger Team (CCT) - UT Reviews - AnalystModel Risk Governance and Review (MRGR) is responsible for review and maintenance of estimation methodologies across the firm. - The Central Challenger team (CCT) within MRGR is focused on Independent assessment of key financial calculations across the entire firm. The team engages in review of calculations implemented in areas relating to regulatory submissions (e.g. 10K/10Q, FR-Y9C, FRY-14A), product valuations, capital calculations, forecasting methodologies, CCAR and other high priority processes across all lines of business and corporate functions. - The role requires a good understanding of finance, accounting and risk concepts, technical knowledge to review various tools/formats, and analytical skills to challenge the conceptual soundness of methodologies applied, and to identify gaps/areas of potential improvement in calculation processes. - The team partners with various Finance and Risk teams on various firm-wide initiatives. Job Summary : - The primary role is to review implementation accuracy and conceptual soundness of financial calculations implemented in User tool (UT) (i.e. MS Excel, MS Access, VBA, R, Python, Eview, etc.). Ability to think critically, take ownership of the review process and communicate effectively (both spoken and written) are critical to this role. Specialized roles may require fluency in statistics and research skills. The reviews will be performed across all lines of businesses and corporate functions, covering high priority areas such as - CCAR/DFAST (FR Y14A/Q/M) and internal stress testing - Resolution & Recovery - Budget Forecasting Processes - Regulatory Capital/RWA reporting for Basel (FFIEC 101/102) - External financial reporting (e.g. 10K/10Q, Footnote disclosures, Call Report and FR Y-9C) - In the process, the individual will acquire invaluable insights into the key drivers of all businesses at JPM. The position involves interaction with many teams across finance and risk, lines of business and reporting groups. - The ability to work efficiently and communicate effectively across these boundaries will be one of the keys to success. The role and responsibilities of the successful candidate will be determined based on qualifications, prior experience and demonstrated skills. Core Responsibilities : - Review and challenge financial calculations in various UTs /applications in high priority areas - Understand methodology used in the financial calculations and its broader impact / contribution to the firm's overall finance / risk framework - Evaluate appropriateness of the assumptions and methodology utilized in the UTs/ applications and identify the errors and potential improvements in the calculation processes - Document the findings and socialize the findings with relevant stakeholders Review Tier 3 & 4 Qualitative Models (QMs) : - Conducting independent assessment of the firm's capital stress test forecasting methodologies, Budget Forecasting, Resolution & Recovery, and Risk Appetite processes (QMs) - both qualitative and quantitative assessment on inputs, assumptions, methodology, outputs, analysis, documentation, etc. - Reviewing model implementation in model validation lifecycle - through technical and design assessment to make sure the calculations are in line with model methodologies - Review documentation of estimations and write assessment reports - Interact with teams across Finance and Risk functions, lines of business (front/middle/back office) and reporting groups. - Perform peer-reviews for quality assurance purposes - Assist in review planning, scheduling, tracking and reporting as needed - Partner with other review functions on high priority reviews and ad hoc requests - Stay abreast of regulatory and industry developments pertaining to finance / risk / accounting Qualifications and Skills : - Graduate degree in finance, accounting, economics or MBA (undergraduate in a quantitative discipline such as Mathematics, Statistics, Engineering, or related quantitative field highly desired) - 2-4 years of experience in banking / financial services industry preferably in risk reporting domain - Experience and strong knowledge in regulatory capital rules (Basel, CCAR, FR Y-9C) - The candidate must be a self-starter who is able to work in a fast paced, results driven environment - Strong quantitative, analytical, and problem solving skills - Strong Excel skills required (VBA / SQL is a plus), proficient in MS Office - Outstanding presentation, reporting and communication skills - Strong organizational, communication (verbal and written) and negotiation skills - Risk Management and Control mind-set (ability to identify control gaps and/or issues) - Inquisitive and intellectually curious, has extreme attention to detail - Qualifications considered an additional plus - Certifications such as FRM, CFA, etc. About Us : - 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. About the Team : - 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. The apply button will redirect you to an external URL, please apply there as well.

Bangalore

  JP Morgan Chase - Review Analyst - Model Risk Governance  

  JP Morgan Chase - Review Analyst - Model Risk Governance   ,Job Description for   JP Morgan Chase - Review Analyst - Model Risk Governance   in JP Morgan Chase in  Bangalore for (2-4) years of experience. Apply Now!

Job Description for   JP Morgan Chase - Review Analyst - Model Risk Governance   in JP Morgan Chase in  Bangalore for (2-4) years of experience. Apply Now!