Model Risk Program Analyst

Location: Bengaluru, Karnataka, India

Job Family: Analysts

About the Role

At JP Morgan Chase, we are a leading global financial services firm committed to fostering innovation and excellence in risk management. The Model Risk Program Analyst role in our Bengaluru office plays a pivotal part in upholding the integrity of our modeling practices. This position involves setting and enhancing standards for robust model development to meet evolving industry benchmarks, ensuring that our models for credit, market, and operational risks remain reliable and compliant. As part of the Model Risk team, you will contribute to a dynamic environment where precision and foresight drive decisions that impact millions of clients worldwide. In this role, you will collaborate closely with cross-functional teams including quants, risk managers, and compliance experts to develop governance frameworks that align with key regulations such as SR 11-7 and Basel III. Responsibilities include conducting model validations, analyzing performance data, and recommending improvements to mitigate potential risks. You will also monitor emerging trends in financial modeling, such as AI and machine learning integrations, to proactively update our standards. This position offers the opportunity to influence JP Morgan Chase's model risk strategy while working on high-impact projects in a supportive, innovative culture. We seek candidates who are passionate about quantitative finance and dedicated to excellence. Joining JP Morgan Chase means access to world-class resources, mentorship from industry leaders, and a platform to advance your career in financial services. If you thrive in a fast-paced setting and are eager to safeguard our firm's modeling ecosystem, this role in Bengaluru provides a rewarding path to professional growth.

Key Responsibilities

• Develop and maintain standards for model development practices to ensure compliance with JP Morgan Chase's model risk policies and evolving industry regulations
• Conduct ongoing assessments of model risk frameworks, identifying gaps and recommending enhancements to align with standards like SR 11-7
• Collaborate with model developers, validators, and senior management to implement robust governance processes for model lifecycle management
• Perform independent reviews and validations of models used in credit, market, and operational risk areas
• Monitor regulatory changes and industry best practices, updating internal standards accordingly to mitigate model risk exposure
• Analyze model performance metrics and escalate issues related to model inaccuracies or biases
• Support the creation of training materials and guidelines for teams on model risk best practices
• Contribute to the documentation and reporting of model risk assessments for internal audits and regulatory submissions
• Facilitate cross-functional workshops to promote a culture of model risk awareness within JP Morgan Chase
• Assist in the integration of advanced analytics and AI-driven models while ensuring risk controls

Required Qualifications

• Bachelor's degree in Finance, Mathematics, Statistics, Computer Science, or a related quantitative field
• Minimum of 2-3 years of experience in model risk management, validation, or development within the financial services industry
• Strong understanding of regulatory frameworks such as SR 11-7, OCC guidelines, and Basel III requirements for model risk
• Proficiency in statistical modeling techniques and risk assessment methodologies
• Experience with programming languages used in financial modeling, such as Python, R, or SQL
• Ability to analyze complex data sets and interpret model outputs for risk implications
• Excellent communication skills to articulate technical concepts to non-technical stakeholders

Preferred Qualifications

• Advanced degree (Master's or PhD) in a quantitative discipline
• Certification in financial risk management (e.g., FRM or PRM)
• Prior experience working at a major financial institution like JP Morgan Chase
• Knowledge of machine learning applications in credit, market, or operational risk modeling
• Familiarity with JP Morgan's internal model governance processes

Required Skills

• Statistical analysis and modeling
• Risk assessment and quantification
• Regulatory compliance knowledge
• Python programming
• R for statistical computing
• SQL database querying
• Data visualization tools (e.g., Tableau)
• Financial modeling techniques
• Problem-solving and analytical thinking
• Attention to detail
• Communication and presentation skills
• Project management
• Team collaboration
• Adaptability to regulatory changes
• Ethical judgment in risk management

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 programs and tuition reimbursement for relevant certifications
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness programs at JP Morgan Chase facilities
• Global mobility opportunities and career advancement support within the firm

JP Morgan Chase is an equal opportunity employer.