Corporate - MRG Job summary : Financial Institutions routinely use models for a broad range of activities including analyzing business strategies, informing business decisions, identifying and measuring risk, valuing exposures or instruments, hedging derivative positions, conducting stress testing, assessing capital adequacy, managing clients assets, informing investment process, measuring compliance with internal limits, maintaining the formal control apparatus of the bank, meeting financial or regulatory reporting requirements and issuing public disclosures. 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. As part of the firm's model risk management function, Model Review Group (MRG) is charged with reviewing complex Tier-1, Tier- 2 Models across wholesale, Retail &amp; Market Risk Functions Core responsibilities : The successful candidate will be a member of the MRG Group covering the Risk areas such as Market Risk (may also include coverage of wholesale credit risk and other risk areas as the need arises), and will focus on the following activities: - Engage in new model validation activities for a subset of models in the coverage area - evaluate conceptual soundness of model specification; reasonableness of assumptions and reliability of inputs; completeness of testing performed to support the correctness of the implementation; robustness of numerical aspects; suitability and comprehensiveness of performance metrics and risk measures associated with use of model. Essential skills, experience, and qualifications:&nbsp; - Strong quantitative &amp; analytical skills: The role requires a strong quantitative background based on a PhD or Masters Degree (or equivalent) in a quantitative discipline such as Math, Science, Economics, Engineering, Quantitative/Math Finance, etc. - Domain expertize in the relevant areas such as the following: Market Risk capital models including VaR Models, Derivatives pricing models, CCAR Models, Regulatory/Economic Capital Models, probability theory, econometrics, statistics, and numerical methods - Prior experience in following backgrounds: Quantitative Model Development, Model Validation, Trading or Structuring, Market/Credit Risk Management - Strong communication skills and ability to interface with other functional areas in the bank on model-related issues Risk and control mindset: ability to ask incisive questions, converge on critical matters, assess materiality and escalate issues About us : JPMorgan Chase &amp; 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. The apply button will redirect you to an external URL, please apply there as well

Mumbai

 JP Morgan Chase - Risk Analyst - Model Risk & Governance Team  

 JP Morgan Chase - Risk Analyst - Model Risk & Governance Team   ,Job Description for  JP Morgan Chase - Risk Analyst - Model Risk & Governance Team   in JP Morgan Chase in  Mumbai for (3-8) years of experience. Apply Now!

Job Description for  JP Morgan Chase - Risk Analyst - Model Risk & Governance Team   in JP Morgan Chase in  Mumbai for (3-8) years of experience. Apply Now!