CIB QR - Quantitative Research - Model Risk Methodologies - Vice Presi - London, United Kingdom,

£125-150k

Location: London , ENG , UK

Job Category: Quantitative Research

CIB Quantitative Research (QR) provides quantitative support for the Corporate and Investment Bank and key corporate areas.

The QR Model Risk Methodologies group is responsible for coordination across asset class-aligned QR groups on all model risk matters, including centralized model risk management, establishing consistent standards and practices, and building out common analytics and toolsets. Part of the QR Central Solutions team within the wider QR organization, the group also has a significant outward facing role in its partnership with control functions such as Model Governance, Model Review, Market Risk, Valuation Control Group, as well as with Technology and Front Office.

The team is looking for an experienced quant familiar with model controls and model infrastructure.

Job Summary:

The role consists of:

Working closely with asset class-aligned QR groups, and with Model Governance and Model Review, to refine and implement consistent model risk policies and procedures

Driving initiatives for increased automation and digitization across the model space, including inventories of models, products, limitations, restrictions

Defining requirements for Morpheus, the strategic model risk management platform, and liaising with the development team

Establishing standardized frameworks for performance testing of models, e.g. regression testing, numerical convergence

Maintaining documentation templates, with a strategic focus on automation and digitization

Representing QR centrally in external/regulatory requests and exams, including stress testing exercises such as CCAR/ICAAP

Implementing machine learning techniques for model risk anomaly detection

Participating in initiatives to develop common model risk metrics, monitoring, and quantification methodologies

Coordinating on emerging industry trends such as LIBOR transition, structured notes modeling

Required Skills:

Familiarity with model risk/validation/governance/control practices

Knowledge of financial mathematics and modeling

Familiarity with front office risk management platforms and infrastructure

Strong communication and relationship skills

Strong analytical and problem solving skills.

About J.P. Morgan's Corporate & Investment Bank:

J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at .

"JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer and a member of the UK Government's Disability Confident Scheme."

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