Risk Management - Emerging Risks - Vice President

Posted 20 Days Ago
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New York, NY
Hybrid
7+ Years Experience
Financial Services
The Role
As a Risk Management - Emerging Risk - Vice President at JPMorgan Chase, you will be responsible for managing model risk in the firm, specifically focusing on emerging risks in the AI/ML space. Your role will involve developing communication strategies, partnering with various teams, and ensuring compliance with regulatory requirements.
Summary Generated by Built In

Job Description
Join JPMorgan Chase's Risk Management and Compliance team, where your expertise will be central to maintaining our strength and resilience. You'll anticipate emerging risks and apply your judgement to real-world challenges impacting our company, customers, and communities. As part of the MRGR, a global team of modeling experts, you'll conduct independent model validation and governance activities to mitigate Model Risk, ensuring models are fit for purpose and used appropriately within their business context.
As a Vice President in Risk Management - Emerging Risks within JPMorgan Chase, you will be a crucial part of our Risk Management and Compliance team. Your expertise will be central to maintaining our strength and resilience. You'll anticipate emerging risks and apply your judgement to real-world challenges impacting our company, customers, and communities. As part of the MRGR, a global team of modeling experts, you'll conduct independent model validation and governance activities to mitigate Model Risk, ensuring models are fit for purpose and used appropriately within their business context.
Join the Risk Management and Compliance team at JPMorgan Chase, a place where your expertise is key to our resilience. As part of the MRGR, a global team of modeling experts, you'll conduct independent model validation and governance activities, ensuring models are fit for purpose. Your skills will be instrumental in anticipating emerging risks and applying judgement to real-world challenges impacting our company, customers, and communities.
Job Responsibilities

  • Develop and prepare communications for regulators and senior management and about the emerging risks posed by the use of AI/ML models, and the respective mitigation strategies
  • Partner across lines of business and functions within JPMorgan Chase, including the Chief Data and Analytics Office (CDAO), Compliance, Conduct and Operational Risk (CCOR), and global exam management teams to deliver fulsome and consistent responses to regulatory inquiries, escalating issues that arise during the course of these engagements promptly and effectively
  • Partner with MRGR's COO team to deliver clear, comprehensive materials on AI/ML models and tools for senior management reporting
  • Lead the preparation of training materials to be used in sessions focused on changes to the model risk framework to diverse audiences, including internal training for MRGR coverage, as well as to model developers and users, and materials for use in firmwide model risk policy training
  • Engage in discussions around model risk framework changes related to AI/ML and proactively propose the appropriate medium and audience for communicating these changes
  • Provide concise and effective reporting to senior stakeholders highlighting activity on, and focus areas of, regulatory engagements


Required qualifications, capabilities and skills

  • 7+ years of relevant experience, including experience in risk management, technology, model development or model risk roles
  • Experience working with regulators and senior stakeholders including knowledge of regulators' processes and regulatory guidance, such as SR11-7
  • Exceptional communication and influencing skills, with the ability to interface with other functional areas in the firm. Ability to translate technical considerations into business risks, and communicate effectively in an interdisciplinary environment
  • Risk and control mindset: ability to ask incisive questions, identify and assess risks
  • Exceptional organization skills and understanding of corporate governance: ability to influence at scale, resolve uncertainty, and deliver results in a fast-paced, multidisciplinary environment
  • Ability to perform under pressure and to manage competing priorities under tight deadlines
  • Attention to detail and commitment to doing quality work in a comprehensive manner
  • Strong Microsoft PowerPoint, Word, and Excel skills


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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
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.

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The Company
New York, NY
250,000 Employees
Hybrid Workplace

What We Do

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products.

Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.

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Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.

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