Hand model Jobs in Elizabeth, NJ

Join JPMorgan Chase's Risk Management and Compliance team, where your expertise will help us anticipate and navigate emerging risks.

As part of the Model Risk Governance and Review (MRGR) team, you'll conduct independent model validation and governance activities to mitigate model risk.

Your knowledge will be instrumental in safeguarding the firm from decisions based on unreliable model outputs and ensuring robust model risk management practices.

As an associate in the Model Risk Governance and Review team (CIB Wholesale Payments and Data Science), you will participate in independent model validation and governance activities, helping to identify, assess, and reduce model risk in the firm.

This position offers hands-on experience with diverse modeling approaches while keeping you up to date on the latest developments in products, AI / ML models, Generative AI, and risk management practices.

Job Responsibilities

• Conduct independent model validation and governance activities to mitigate model risk across a diverse portfolio, including CIB Wholesale Payments, CIB Fraud, Marketing, and Operations models.
• Engage in model validation activities and evaluate adherence to development standards including conceptual soundness of design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics
• Identify weaknesses, limitations, and emerging risks through independent testing, building benchmarks, and ongoing monitoring activities
• Communicate risk assessments and findings to stakeholders, and document high quality technical reports
• Assess and determine whether tools and applications qualify as models under the firm's model risk framework, distinguishing between models, analytical tools, and non-model applications
• Liaise with Risk and Finance professionals to provide oversight and guidance on appropriate usage, controls around model restrictions and limitations, and findings for ongoing performance assessment and testing
• Design, build, and test LLM-based use cases to enhance MRGR processes and improve operational efficiency

Required qualifications, capabilities and skills

Risk and control mindset : ability to ask incisive questions, assess materiality of model issues, and escalate issues appropriately

JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location.

Those in eligible roles may receive commission-based pay and / or discretionary incentive compensation, paid in the form of cash and / or forfeitable equity, awarded in recognition of individual achievements and contributions.

We also offer a range of benefits and programs to meet employee needs, based on eligibility.

These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more.

Additional details about total compensation and benefits will be provided during the hiring process.

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, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law.

We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co.

is an Equal Opportunity Employer, including Disability / Veterans

Base Pay / Salary

Jersey City,NJ $118,750.00 - $170,000.00 / year