CCB Risk Model Delivery: Sr Associate

Location: Mumbai, Maharashtra, India

Job Family: Risk Support

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong commitment to innovation and risk management. The Consumer & Community Banking (CCB) division serves millions of customers through retail banking, credit cards, mortgages, and auto loans. Within our CCB Risk Model Delivery team, we are seeking a Senior Associate to join our Mumbai office. This role is pivotal in ensuring the integrity and reliability of risk models that underpin our business decisions across all CCB lines. As a Sr Associate, you will play a key role in validating these models, safeguarding against potential risks while supporting sustainable growth in one of the world's largest banks. In this position, you will conduct thorough validations of credit, market, and operational risk models, applying rigorous statistical tests and regulatory guidelines such as SR 11-7 and Basel III. You will collaborate closely with quants, data scientists, and business leaders to review model assumptions, perform sensitivity analyses, and recommend enhancements. Your work will involve hands-on analysis using tools like Python and R, as well as preparing detailed reports for internal governance committees and external regulators. This role demands a blend of technical expertise and business acumen to navigate complex financial scenarios and contribute to JP Morgan's robust model risk framework. We value professionals who thrive in a dynamic environment and are passionate about financial risk. The position offers exposure to cutting-edge risk technologies and opportunities to influence enterprise-wide strategies. Based in our state-of-the-art Mumbai campus, you will benefit from JP Morgan's culture of excellence, diverse teams, and commitment to employee growth. If you have a strong quantitative background and a drive to make an impact in global finance, join us in building a more secure financial future.

Key Responsibilities

• Validate and review risk models implemented across JP Morgan Chase's Consumer & Community Banking (CCB) lines, ensuring compliance with internal policies and regulatory standards
• Conduct independent assessments of model performance, assumptions, and limitations using statistical and quantitative methods
• Collaborate with model developers, business stakeholders, and risk management teams to identify and mitigate model risks
• Perform ongoing monitoring and back-testing of models to assess their accuracy and stability in dynamic market conditions
• Document validation findings, prepare reports, and present results to senior management and regulatory bodies
• Support the development and enhancement of model delivery processes to improve efficiency and governance
• Analyze data from various sources to support model recalibration and updates in response to economic changes
• Ensure adherence to JP Morgan's Model Risk Management framework and contribute to policy improvements
• Assist in stress testing and scenario analysis for CCB risk models under regulatory scenarios like CCAR
• Stay updated on industry best practices and emerging risks in financial modeling

Required Qualifications

• Bachelor's degree in Finance, Mathematics, Statistics, Computer Science, or a related quantitative field; Master's degree preferred
• 3-5 years of experience in risk modeling, model validation, or quantitative analysis within the financial services industry
• Strong understanding of regulatory requirements such as Basel III, SR 11-7, and CCAR for risk models
• Proficiency in programming languages including Python, R, or SQL for data analysis and model implementation
• Experience with risk management frameworks in credit, market, or operational risk domains
• Ability to work in a fast-paced, collaborative environment with cross-functional teams
• Excellent analytical and problem-solving skills with attention to detail

Preferred Qualifications

• Advanced degree (MBA or PhD) in a quantitative discipline
• Prior experience at a major financial institution like JP Morgan Chase in model risk management
• Knowledge of machine learning techniques applied to financial risk models
• Familiarity with JP Morgan's internal risk systems and tools
• Professional certification such as FRM (Financial Risk Manager) or CFA

Required Skills

• Quantitative analysis and statistical modeling
• Risk assessment and validation techniques
• Programming in Python, R, and SQL
• Data visualization tools like Tableau or Power BI
• Knowledge of financial regulations (Basel, CCAR)
• Model risk management frameworks
• Excel and advanced spreadsheet modeling
• Machine learning basics for risk applications
• Strong written and verbal communication
• Attention to detail and accuracy
• Problem-solving and critical thinking
• Team collaboration and stakeholder management
• Time management in high-pressure environments
• Adaptability to changing regulatory landscapes
• Proficiency in English for documentation and reporting

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee wellness programs including gym memberships and mental health support
• Stock purchase plan and employee stock ownership options
• Flexible work arrangements and hybrid work options in Mumbai

JP Morgan Chase is an equal opportunity employer.