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JPMorgan Chase &
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825 JPMorgan Chase & Co. Jobs
Model Risk Audit - Associate
5-10 years
₹ 12.5 - 35.75L/yr (AmbitionBox estimate)
Mumbai
1 vacancy
Model Risk Audit - Associate
JPMorgan Chase & Co.
posted 1 week ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- Design, develop and implement AI/ML solutions to automate, optimize and enhance model risk analysis and control testing
- Evaluate adherence to model development standards, processes, policy and procedures through conducting robust data driven quantitative and qualitative analysis and directly partnering with model developers, model users, model reviewers and governance oversight personnel.
- Document in high quality well written technical reports model risk control assessments and communicate findings to stakeholders including the Chief Auditor.
- Identify control weaknesses and/or gaps in the firm s model risk management framework
- Set standards for robust model risk control assessments and enhance them as needed to adapt to changes in the firm s model risk management framework and/or meet evolving regulatory standards.
- Lead, plan, manage and execute end-to-end line of business model risk analysis and control assessments and strategic team projects
- Validate strategic solutions implemented by the firm to address regulatory identified issues related to the firm s model risk management framework and practices.
- PhD or Masters Degree in Mathematics, Data Science, Financial Engineering, Computer Science, Artificial Intelligence Machine Learning or a related field.
- Minimum 5 years of experience in one or more of the following business roles; AI/ML product development, quantitative model development (including machine learning), model validation, data science or related fields
- Strong leadership and communication skills (both verbal and written) for writing highly technical reports and driving and influencing change on model-related issues
- Understanding of and proficiency in programming languages (e.g. Python, R, or equivalent)
- Understanding of and proficiency in developing and using AI/ML solutions (e,g, Gen-AI, agentic AI, traditional AI) and frameworks (e.g. pytest) to ensure code quality and reliability
- Understanding of and proficiency in statistics, derivative pricing and machine learning modeling techniques
- Risk and control mindset with the ability to ask incisive questions, converge on critical matters, assess materiality, and escalate complex and sensitive issues to senior management
- Strong critical thinking and analytical/quantitative skills to perform model risk analysis against the controls in place intended to mitigate the associated risk
Employment Type: Full Time, Permanent
Read full job description What people at JPMorgan Chase & Co. are saying
Rating based on 682 Associate
reviews
Anonymous · BFSI, Investments & Trading
in Bangalore / Bengaluru
A career oriented organisation where you will find multiple opportunities to learn and grow with proper work life balance and of course smart pay.
- Salary - Excellent
Nothing like dislike but yes there is always a scope of improvement in few areas like team get together, cafeteria food.
Associate salary at JPMorgan Chase & Co.
What JPMorgan Chase & Co. employees are saying about work life
JPMorgan Chase & Co. Benefits
Employee Programs Wellness Programs Health Care and Insurance Plans Family Care Retirement Savings Programs 
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