Job Description
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
MRGR is a global team of modeling experts within the firm’s Risk Management and Compliance organization. The team is responsible for conducting independent model validation and model governance activities to help identify, measure, and mitigate Model Risk in the firm. The objective is to ensure that models are fit for purpose, used appropriately within the business context for which have been approved, and that model users are aware of the model limitations and how they could impact business decisions.
The critical role of managing model risk depends on a solid infrastructure and a project management and control mindset. As a member of the Chief Operating Office, you will join a dynamic team that performs the critical task of maintaining the model risk governance infrastructure for the firm. The COO operates in two tracks: – (i) Technology track that focuses on developing tools and dashboards and (ii) Business Analysis track that focuses on analytics, metrics reporting, process improvement, and executing strategic projects.
Job responsibilities:
This role will perform the following activities in the Business Analysis track:
Develop and maintain processes that facilitate model governance and review activities
Project manage initiatives that process efficiencies or that are regulatory
Innovation in model governance tools, systems, and practices to unlock efficiencies
Gather business requirements and work with the technology team to deploy system enhancements
Help produce and analyze operational metrics, and develop model risk reports
Provide support to MRGR committees and training
Required qualifications, capabilities, and skills
Bachelor’s or Master’s degree in preferably in Finance, Accounting, Economics, Engineering, or Mathematics
0 to 2 years of work experience, preferably in Risk / Regulatory Reporting or Data Analytics background
Excellent written and verbal communication skills with the ability to interface with other functional areas in the firm on model-related issues, and produce clear and concise documents for internal and external (regulatory) consumption
Proficiency with data mining/gathering and manipulation of data sets required
Advanced skills in Excel and Excel VBA is must have
Good knowledge of Python would be plus
Strong analytical and problem solving skills with ability to analyze large data sets and present conclusions concisely. Excellent organizational skills with attention to detail. Self-motivated, organized and ability to work in a fast-paced environment. Intellectually curious with a proven ability to learn quickly
ABOUT US
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, ****** orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
ABOUT THE TEAM
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.
MRGR is a global team of modeling experts within the firm’s Risk Management and Compliance organization. The team is responsible for conducting independent model validation and model governance activities to help identify, measure, and mitigate Model Risk in the firm. The objective is to ensure that models are fit for purpose, used appropriately within the business context for which have been approved, and that model users are aware of the model limitations and how they could impact business decisions.
The critical role of managing model risk depends on a solid infrastructure and a project management and control mindset. As a member of the Chief Operating Office, you will join a dynamic team that performs the critical task of maintaining the model risk governance infrastructure for the firm. The COO operates in two tracks: – (i) Technology track that focuses on developing tools and dashboards and (ii) Business Analysis track that focuses on analytics, metrics reporting, process improvement, and executing strategic projects.
Job responsibilities:
This role will perform the following activities in the Business Analysis track:
Develop and maintain processes that facilitate model governance and review activities
Project manage initiatives that process efficiencies or that are regulatory
Innovation in model governance tools, systems, and practices to unlock efficiencies
Gather business requirements and work with the technology team to deploy system enhancements
Help produce and analyze operational metrics, and develop model risk reports
Provide support to MRGR committees and training
Required qualifications, capabilities, and skills
Bachelor’s or Master’s degree in preferably in Finance, Accounting, Economics, Engineering, or Mathematics
0 to 2 years of work experience, preferably in Risk / Regulatory Reporting or Data Analytics background
Excellent written and verbal communication skills with the ability to interface with other functional areas in the firm on model-related issues, and produce clear and concise documents for internal and external (regulatory) consumption
Proficiency with data mining/gathering and manipulation of data sets required
Advanced skills in Excel and Excel VBA is must have
Good knowledge of Python would be plus
Strong analytical and problem solving skills with ability to analyze large data sets and present conclusions concisely. Excellent organizational skills with attention to detail. Self-motivated, organized and ability to work in a fast-paced environment. Intellectually curious with a proven ability to learn quickly
ABOUT US
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, ****** orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
ABOUT THE TEAM
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.
💡 Quick Summary
Seeking a career-building opportunity? The Analyst | Business Analysis | MRGR position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.