Model Risk Analyst

Location: Bengaluru, Karnataka, India

Job Family: Analysts

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a commitment to innovation and integrity in managing risks across our operations. As a Model Risk Analyst in the Compliance Anti-Money Laundering (AML) and Know Your Customer (KYC) team, you will play a critical role in our Model Risk Program, ensuring that our advanced models for detecting and preventing financial crimes are robust, compliant, and effective. Based in our Bengaluru office, this position offers the opportunity to contribute to high-impact projects that safeguard our clients and the broader financial ecosystem. You will work within a dynamic team of risk experts, leveraging cutting-edge analytics to support JP Morgan's mission of delivering superior financial solutions while adhering to stringent regulatory standards like those from the OCC and Basel Committee. Your primary focus will be on the governance and review of AML and KYC models, including transaction monitoring systems and customer due diligence algorithms. This involves performing thorough risk assessments, validating model assumptions, and ensuring alignment with enterprise-wide risk policies. You will collaborate closely with model developers, compliance officers, and senior leadership to identify potential weaknesses and implement remediation strategies. In this role, you will also contribute to the ongoing monitoring of model performance, preparing insightful reports that inform decision-making and regulatory submissions. This position demands a blend of technical expertise and regulatory knowledge, allowing you to influence how JP Morgan Chase stays ahead in combating money laundering and enhancing customer verification processes. Joining JP Morgan Chase means becoming part of a world-class institution that values diversity, professional growth, and work-life balance. In Bengaluru, our state-of-the-art campus provides a collaborative environment equipped with modern amenities to support your success. We offer extensive training through our renowned learning platforms, opportunities for international exposure, and a culture that encourages innovation in financial risk management. If you are passionate about model risk in the context of financial compliance and eager to make a tangible impact, this role at JP Morgan Chase is an ideal platform to advance your career in the global finance industry.

Key Responsibilities

• Conduct independent reviews and validations of AML and KYC models to ensure compliance with internal policies and regulatory standards
• Assess model risks, including conceptual soundness, data integrity, and performance metrics, for governance approval
• Collaborate with model development teams to identify and mitigate potential risks in compliance models
• Prepare detailed documentation and reports on model risk assessments for senior management and regulators
• Monitor ongoing model performance and recommend enhancements to maintain effectiveness in detecting financial crimes
• Support the implementation of model risk governance frameworks aligned with JP Morgan Chase's enterprise risk management practices
• Participate in cross-functional initiatives to integrate model risk considerations into AML/KYC workflows
• Stay updated on evolving regulations and industry best practices for model risk in financial services
• Assist in training and awareness programs for model risk management within the compliance function

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related field
• Minimum of 2-3 years of experience in model risk management, governance, or review within the financial services industry
• Strong understanding of regulatory requirements for AML, KYC, and model risk frameworks such as SR 11-7 and OCC guidelines
• Proficiency in data analysis and modeling techniques relevant to compliance and risk assessment
• Experience with anti-money laundering (AML) and know-your-customer (KYC) processes in a banking environment
• Ability to work collaboratively in a fast-paced, global team setting

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance, Risk Management, or Data Science
• Certification in FRM (Financial Risk Manager) or similar risk-related credentials
• Prior experience at a major financial institution like JP Morgan Chase
• Familiarity with machine learning models used in AML/KYC detection

Required Skills

• Model validation and risk assessment techniques
• Knowledge of AML/KYC regulatory frameworks
• Data analysis and statistical modeling
• Proficiency in Python, R, or SQL for data manipulation
• Excel and advanced spreadsheet modeling
• Risk governance and compliance reporting
• Attention to detail and analytical thinking
• Strong written and verbal communication skills
• Problem-solving in complex financial scenarios
• Team collaboration and stakeholder management
• Understanding of machine learning applications in finance
• Regulatory interpretation and application
• Project management for risk initiatives
• Adaptability to evolving financial technologies

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
• Global mobility and career advancement paths within JP Morgan Chase
• Stock purchase plan and other financial perks tailored to financial services professionals

JP Morgan Chase is an equal opportunity employer.