J.P. Morgan is a leading global financial services firm, established over 200 years ago: - We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. - We have assets of $2.5 trillion and operations worldwide - We operate in more than 100 markets. - We have more than 243,000 employees globally. Our wholesale businesses include J.P. Morgan's Asset Management, Commercial Banking and the Corporate &amp; Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net-worth individuals and families. Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology. 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, the Model Governance Group (MGG) is charged with developing model risk policy and control procedures, performing model validation activities, providing guidance on a model's appropriate usage in the business context, evaluating ongoing model performance testing, and ensuring that model users are aware of the model strengths and limitations. Core responsibilities: The successful candidate will focus on the following activities: - Perform assessments of the conceptual soundness of model specification, the appropriateness of the methodology for its intended purpose, the reasonableness of assumptions and reliability of inputs - Assess the completeness of testing performed to support the correctness of the implementation - Assist with the model identification process, assessing whether newly identified methodologies should be in the scope of the model risk policy - Work with model developers and model users across the firm to understand methodology and usage - Liaise with other Model Governance groups in relevant coverage areas across the firm Essential skills, experience, and qualifications: The successful candidate will have the following skills, experience, and qualifications: - Quantitative background ideally with a Master's degree in Maths, Science, Engineering, Statistics, Quant Finance, etc - Strong quantitative, analytical, and problem-solving skills; knowledge of probability theory, statistics, mathematical finance, econometrics, numerical methods - Knowledge of Mortgage-Backed Securities and statistical modeling - Knowledge of the finance industry, particularly in modeling- valuation, risk, capital, forecasting, investment management - Experience in model validation and/or model development preferred - Strong communication and interpersonal skills - Strong project management and organizational skills; ability to multi-task and meet deadlines - Ability to work independently, with remote supervision - Risk and control mindset: ability to ask incisive questions, assess materiality and escalate issues. Shweta Das 9967824942

Mumbai

JPMorgan Chase - Model Validation Role - Mortgage Domain  

JPMorgan Chase - Model Validation Role - Mortgage Domain   ,Job Description for JPMorgan Chase - Model Validation Role - Mortgage Domain   in JPMorgan Chase in  Mumbai for (0-10) years of experience. Apply Now!

Job Description for JPMorgan Chase - Model Validation Role - Mortgage Domain   in JPMorgan Chase in  Mumbai for (0-10) years of experience. Apply Now!