Analyst- Climate, Compliance and Ops Risk (MRGR)

JPMorgan Chase Funding is seeking an Analyst for the Climate, Compliance and Ops Risk team in Bengaluru, India. The role involves reviewing and improving forecasting methodologies, ensuring model accuracy, and conducting independent model reviews. Key responsibilities include evaluating model specifications, testing completeness, and measuring model risk. Strong critical thinking, ownership, and statistical analysis skills are essential. The company values diversity and is an equal opportunity employer.
Analyst
Model Risk Governance and Review Group Employer Description 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
sexual 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
Job Description Financial Institutions routinely use models for a broad range of activities including credit underwriting
valuing financial instruments
measuring and managing risk
assessing the adequacy of reserves and capital resources
and many other applications
Model Risk arises from the potential adverse consequences of making decisions based on incorrect or misused model outputs and reports
leading to financial loss
poor business decision making
or reputational damage
The Model Risk Governance and Review Group

MRGR

oversees model risk at J
P
Morgan
conducts independent model and non
model reviews and provides guidance around model and non
model
s appropriate usage
Position Overview The primary role of the Analyst is to
i
constructively challenge and improve existing forecasting methodologies used in Conduct
Compliance and Operational Risk
CCOR
and Climate Risk process areas and
ii
review implementation accuracy and soundness of financial calculations
The Analyst will support Review Lead on model reviews and governance activities
Ability to think critically
take ownership of the review process and communicate effectively
both spoken and written
are critical to this role
as well as a comfort level with statistical analysis
Core Responsibilities
Model Review Work with the Review Lead to independently review and challenge key estimation methodologies and analytics
tools for firm
wide capital stress testing
risk management
budgeting
and related processes Model reviews
evaluate conceptual soundness of model specification
reasonableness of assumptions and reliability of inputs
completeness of testing performed to support the correctness of the implementation
robustness of numerical aspects
suitability and comprehensiveness of performance metrics and risk measures associated with use of model
Model risk measurement
design and implement 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
Draft assessment reports
summarizing the independent assessment of the methodologies
which are distributed to senior management and to regulators
Draft
syndicate and finalize issues with Review Lead
Keep up with the latest developments in CCOR and Climate Risk in terms of regulations
risk management practices and industry standards
Participate in various process enhancement initiatives for innovations
automation
Develop expertise across a broad spectrum of financial and non
financial risks and macroeconomic drivers
Model Governance Work with model managers to manage accuracy of Model inventory
ongoing model performance monitoring
model change control
and participate in discussions with senior management on model risk
Liaise with stakeholders including model developers and users to monitor usage and performance of the models and syndicate findings of governance topics
The role and responsibilities of the successful candidate will be determined based on qualifications
prior experience and demonstrated skills
Qualifications
Strong quantitative
analytical background based on a Master
s degree
or equivalent
in a quantitative discipline such as Math
Science
Economics
Engineering
Mathematical Finance
etc
1
3 years of experience in financial services
ideally in model development
validation
or use Deep understanding of statistics
econometrics Reasonable understanding of machine learning models
Experience with large data sets is preferred
Knowledge of financial products
markets and regulatory requirements
A firm understanding of macroeconomics and key macroeconomic indicators
e
g
GDP
unemployment
Experience in Compliance
Fraud or Operational risk is preferable Strong communication skills and ability to effectively deliver messages to other functional areas in the firm on model risk related issues Excellent writing skills Extreme attention to detail Self
starter who can perform effectively in a fast paced
results
driven environment
Control mindset
ability to identify control gaps and
or issues
Qualifications considered an additional plus
Hands
on programming experience with Python
R CFA
FRM and related certification Knowledge of regulatory guidelines
SR 15
18
SR 11
7
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
sexual 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