Bring your expertise to JPMorgan Chase. 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.

 

As an Risk Management - Firmwide Macro Economic Variables - Executive Director in the Model Risk Governance & Review (MRGR) group you will lead a team conducting review and governance activities for all macroeconomic forecasting models used by the firm.

Job Responsibilities 

Manage a team of model risk professionals ensuring high standards for effective challenge for all model review and governance activities.  Lead risk assessments and communication of model risk findings to senior stakeholders both internal and external.  Write and manage production of high-quality validation reports evaluation of conceptual soundness of model design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics.  Lead your team in designing experiments to measure the potential impact of model limitations, parameter estimation error or deviations from model assumptions; compare model outputs with empirical evidence and/or outputs from model benchmarks. Stay informed of latest macroeconomic and financial market developments in the US and abroad and assess their implications on the models.  Lead the development of benchmark models to understand and evaluate the model risks posed by macroeconomic variables used across all lines of business. Lead interactions during model-related audits and regulatory examinations.

 Required qualifications, skills, and capabilities

Deep understanding of macroeconomic theory, statistics, econometrics, and forecasting. PhD or Master’s degree and relevant industry experience.  Demonstrated leadership ability, including experience managing team members effectively in multiple locations and across geographic time-zones. Strong project management and organizational skills: flexible, adaptable to shifting priorities to achieve the most effective result. Strong communication skills both verbally and in writing together with a proven ability to work across the firm on model-related issues. Strong risk and control mindset with the ability to ask incisive questions, assess materiality of model issues, and escalate appropriately. Understanding of Python, R, or equivalent.