Risk Management - Model Risk Governance & Review, Quant Modeling - Executive Director

Location: New York, NY, United States

Job Family: Risk Analytics/Modeling

About the Role

JPMorgan Chase & Co. is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. In Asset and Wealth Management, we provide sophisticated investment solutions and wealth advisory services to high-net-worth individuals, institutions, and corporations. We are seeking an Executive Director to lead the Model Risk Governance and Review group, playing a pivotal role in ensuring the integrity and reliability of quantitative models that drive our investment decisions and risk management strategies. This position is based in New York, NY, and reports to senior risk leadership within the firm. In this executive role, you will oversee the end-to-end governance of models used in portfolio optimization, asset valuation, performance attribution, and risk forecasting for our Asset and Wealth Management businesses. Responsibilities include establishing robust review processes to identify, assess, and mitigate model risks, while ensuring alignment with JPMorgan Chase's enterprise risk framework and key regulations like SR 11-7 and OCC 2011-12. You will lead a team of expert quants and analysts, fostering innovation in model development while upholding the highest standards of accuracy and transparency. Collaboration with cross-functional teams, including model developers in trading, research, and advisory units, will be essential to integrate risk insights into business operations. The ideal candidate thrives in a dynamic environment, combining deep quantitative expertise with strategic leadership to navigate complex financial landscapes. At JPMorgan Chase, you will have access to cutting-edge technology, diverse talent, and global resources to advance model risk practices. This role offers the opportunity to influence high-stakes decisions in one of the world's premier financial institutions, contributing to sustainable growth and client trust in asset and wealth management.

Key Responsibilities

• Lead the Model Risk Governance and Review group within JPMorgan Chase's Asset and Wealth Management division, overseeing model lifecycle management from development to retirement
• Develop and implement model risk policies, ensuring compliance with internal standards and regulatory requirements such as SR 11-7
• Conduct independent reviews and validations of quantitative models used in investment strategies, portfolio risk assessment, and wealth advisory services
• Collaborate with model developers, business units, and senior leadership to mitigate model risks and enhance model performance
• Manage a team of quantitative analysts, providing guidance on best practices in model documentation, testing, and sensitivity analysis
• Interface with regulators and internal audit teams to support model risk examinations and reporting
• Drive initiatives to integrate advanced analytics and AI into model governance frameworks while maintaining robust risk controls
• Monitor emerging model risks in asset and wealth management, including those from ESG factors and alternative investments
• Prepare executive-level reports on model risk metrics, trends, and remediation plans
• Foster a culture of risk awareness and continuous improvement in quantitative modeling practices across the organization

Required Qualifications

• Bachelor's degree in quantitative field such as Mathematics, Statistics, Finance, or related discipline; advanced degree (Master's or PhD) strongly preferred
• 10+ years of experience in model risk management, quantitative modeling, or risk analytics within the financial services industry
• Proven leadership experience managing teams in model governance, review, and validation processes
• Deep knowledge of regulatory frameworks including SR 11-7, OCC guidelines, and Basel III requirements for model risk
• Strong understanding of asset and wealth management products, including portfolio optimization models, valuation models, and risk assessment tools
• Experience with model development, validation, and implementation in a large financial institution
• Ability to communicate complex quantitative concepts to senior stakeholders and regulatory bodies

Preferred Qualifications

• CFA, FRM, or CQF certification
• Prior experience at a major investment bank or asset management firm in model risk oversight
• Familiarity with JPMorgan Chase's internal model risk policies and tools
• Hands-on experience with machine learning models in financial applications
• Publication record in quantitative finance or risk management journals

Required Skills

• Quantitative modeling and statistical analysis
• Model validation and stress testing techniques
• Regulatory compliance in financial risk management
• Leadership and team management
• Communication and stakeholder engagement
• Programming in Python, R, or MATLAB for financial applications
• Knowledge of financial instruments in asset and wealth management
• Risk assessment and scenario analysis
• Data analytics and visualization tools (e.g., Tableau, SQL)
• Project management and process improvement
• Understanding of machine learning in finance
• Attention to detail and analytical thinking
• Strategic planning and decision-making
• Interpersonal skills for cross-functional collaboration
• Adaptability to evolving regulatory landscapes

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company match
• Paid time off including vacation, sick days, and parental leave
• Professional development opportunities through JPMorgan Chase's internal training programs and tuition reimbursement
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness programs at New York locations
• Flexible work arrangements and hybrid work options where applicable

JP Morgan Chase is an equal opportunity employer.