Model Risk Management – Program Management – Associate

Location: LONDON, LONDON, United Kingdom

Job Family: Program & Project Management

About the Role

At JP Morgan Chase, we are a leading global financial services firm with operations spanning investment banking, consumer and community banking, commercial banking, and asset and wealth management. Our Model Risk Management team plays a critical role in safeguarding the integrity of our quantitative models used across trading, credit risk, and operational functions. As an Associate in Model Risk Management – Program Management, you will join a dynamic team in our London office, contributing to the oversight and enhancement of model governance frameworks that support our commitment to robust risk management and regulatory compliance in the financial services industry. In this role, you will lead key programs focused on model risk identification, validation, and mitigation, collaborating closely with model developers, risk validators, and senior executives. Your responsibilities will include developing program roadmaps, ensuring adherence to internal policies and external regulations such as those from the PRA and EBA, and driving initiatives to integrate advanced analytics into our risk processes. You will analyze model performance metrics, facilitate remediation efforts for identified risks, and prepare insightful reports that inform strategic decision-making at JP Morgan Chase. This position offers exposure to cutting-edge financial modeling techniques and the opportunity to influence enterprise-wide risk strategies in a collaborative, innovative environment. We seek a proactive professional with a strong foundation in quantitative finance and program management, eager to tackle complex challenges in a high-stakes banking context. Success in this role requires not only technical acumen but also the ability to navigate regulatory landscapes and foster partnerships across diverse teams. Joining JP Morgan Chase means becoming part of a world-class institution dedicated to fostering innovation, diversity, and professional growth, where your contributions will directly impact our global operations and client trust.

Key Responsibilities

• Lead and manage model risk management programs, ensuring alignment with JP Morgan Chase's enterprise risk framework
• Coordinate with model owners, validators, and senior stakeholders to oversee the end-to-end model lifecycle
• Develop and implement governance processes for model development, validation, and ongoing monitoring
• Identify, assess, and mitigate model risks across trading, credit, and operational portfolios
• Prepare and present risk reports to senior management and regulatory bodies, ensuring compliance with internal policies
• Facilitate cross-functional initiatives to enhance model risk controls and documentation standards
• Monitor regulatory changes and integrate them into JP Morgan's model risk management practices
• Support audit and examination processes by providing detailed program documentation and insights
• Drive continuous improvement in program efficiency through data analytics and process optimization
• Collaborate with technology teams to implement tools for model risk tracking and reporting

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field
• Minimum of 3-5 years of experience in risk management, program management, or model validation within the financial services industry
• Strong understanding of regulatory frameworks such as Basel III, SR 11-7, and EBA guidelines on model risk management
• Proven track record in managing complex programs involving cross-functional teams in a banking environment
• Excellent analytical skills with experience in assessing model risks and governance processes
• PMP or PRINCE2 certification or equivalent project management qualification
• Ability to work in a fast-paced, high-stakes environment with a focus on compliance and risk mitigation

Preferred Qualifications

• Advanced degree (Master's or PhD) in a quantitative discipline
• Experience in model risk management at a major financial institution like JP Morgan Chase
• Knowledge of machine learning models and their application in financial risk assessment
• Familiarity with JP Morgan's internal risk management tools and systems
• Prior exposure to international regulatory reporting in the EU or UK financial sectors

Required Skills

• Program management and project coordination
• Risk assessment and quantitative analysis
• Regulatory compliance knowledge (Basel, SR 11-7)
• Stakeholder communication and presentation skills
• Data analysis using tools like Excel, SQL, or Python
• Model validation and governance expertise
• Problem-solving and critical thinking
• Attention to detail and accuracy
• Team leadership and collaboration
• Time management in high-pressure environments
• Financial modeling and forecasting
• Report writing and documentation
• Adaptability to changing regulations
• Interpersonal skills for cross-functional teamwork
• Proficiency in Microsoft Office Suite and risk management software

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance coverage
• Generous retirement savings plan with company matching contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development opportunities through JP Morgan's internal training programs
• Employee stock purchase plan and financial wellness resources
• Flexible working arrangements with hybrid options in London
• Access to global mobility programs and career advancement support

JP Morgan Chase is an equal opportunity employer.