Risk Management - Quant Modeling Lead - Vice President

Location: New York, NY, United States

Job Family: Predictive Science

About the Role

At JP Morgan Chase, we are at the forefront of financial innovation, and our Risk Management division plays a pivotal role in safeguarding our global operations. As a Vice President and Quant Modeling Lead in Predictive Science, you will spearhead a team of elite quantitative analysts in New York, NY, driving the development of cutting-edge risk models that inform strategic decision-making across our Corporate & Investment Bank and Consumer & Community Banking lines. This role demands a visionary leader who can blend deep technical expertise with business acumen to advance model innovation, ensuring our models robustly capture market, credit, and operational risks in an ever-evolving regulatory landscape. You will champion initiatives that leverage advanced analytics to enhance predictive capabilities, directly contributing to JP Morgan Chase's commitment to resilient and responsible banking. Your leadership will encompass the end-to-end model lifecycle, from conceptual design to regulatory validation and deployment. Collaborating closely with cross-functional teams—including traders, risk officers, and compliance experts—you will oversee the creation of sophisticated models using techniques like stochastic processes, Monte Carlo simulations, and machine learning. At JP Morgan Chase, we value precision and foresight; you will be responsible for stress-testing models under scenarios aligned with Basel III and CCAR requirements, while identifying opportunities to integrate emerging technologies like AI for more accurate risk forecasting. This position offers the chance to influence enterprise-wide risk strategies, presenting insights to senior executives and engaging with regulators to uphold our gold-standard governance. Joining JP Morgan Chase means becoming part of a dynamic culture that rewards innovation and professional growth. As a leader in this high-impact role, you will mentor emerging talent, foster a collaborative environment, and drive projects that not only mitigate risks but also unlock new business opportunities. With access to world-class resources and a supportive network, you will play a key role in shaping the future of risk management in one of the world's leading financial institutions, all while enjoying the vibrant energy of New York City.

Key Responsibilities

• Lead a team of quantitative modelers in developing and enhancing risk models for JP Morgan Chase's global operations
• Oversee the full model lifecycle, including development, validation, implementation, and ongoing performance monitoring
• Drive strategic initiatives to integrate advanced analytics and predictive modeling into risk management frameworks
• Collaborate with business units, regulatory teams, and senior leadership to ensure models align with enterprise risk appetite
• Conduct model risk assessments and ensure compliance with internal policies and external regulations like CCAR and Basel
• Mentor and develop junior quants, fostering a culture of innovation in predictive science
• Analyze emerging risks in financial markets and recommend model enhancements to mitigate them
• Present model findings and risk insights to executive committees and regulatory examiners
• Manage project timelines, budgets, and resources for modeling initiatives within the Risk Management division

Required Qualifications

• Advanced degree (Master's or PhD) in Quantitative Finance, Mathematics, Statistics, Physics, or a related field
• 8+ years of experience in quantitative risk modeling, with at least 3 years in a leadership role within financial services
• Proven track record in developing and implementing risk models for credit, market, or operational risk in a banking environment
• Strong understanding of regulatory frameworks such as Basel III, CCAR, and Dodd-Frank requirements
• Experience leading cross-functional teams in model development and validation processes
• Proficiency in programming languages and statistical software used in financial modeling
• Excellent communication skills to interact with senior stakeholders and regulatory bodies

Preferred Qualifications

• PhD in a quantitative discipline with publications in risk management or financial modeling
• Prior experience at a major financial institution like JP Morgan Chase or similar
• Certification in Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA)
• Hands-on experience with machine learning applications in risk assessment
• Background in leading model risk management initiatives under SR 11-7 guidelines

Required Skills

• Expertise in statistical modeling and econometric techniques
• Proficiency in Python, R, MATLAB, or SAS for quantitative analysis
• Knowledge of machine learning algorithms for predictive risk modeling
• Strong understanding of financial instruments and derivatives pricing
• Experience with big data tools like Hadoop or SQL for handling large datasets
• Leadership and team management abilities
• Analytical problem-solving in complex risk scenarios
• Effective communication for technical and non-technical audiences
• Regulatory compliance and model validation expertise
• Project management skills for cross-functional initiatives
• Attention to detail in model documentation and auditing
• Adaptability to evolving financial regulations and market conditions
• Collaboration skills for working with diverse stakeholders

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with company matching contributions
• Generous paid time off, including vacation, sick days, and parental leave
• Professional development opportunities, including tuition reimbursement and access to internal training programs
• Employee stock purchase plan and other financial wellness benefits
• Wellness programs, including gym memberships and mental health support
• Flexible work arrangements and commuter benefits for New York-based employees

JP Morgan Chase is an equal opportunity employer.