J.P. Morgan’s Global Markets Group (GMG) in Mumbai was set up in 2013 as an extension of the Firm’s global markets teams around the world.
GMG is a fast growing team covering multiple asset classes across geographies. GMG provides in-depth knowledge that is behind our Investment Banking, Structuring, Sales & Trading and Research businesses around the globe.
Deeply integrated with our Investment Banking business, the team facilitates deals and transactions by providing vital research and insight.
This position is a part of MRGR Team.
MRGR is responsible for the development and implementation ofa firmwide Estimations and Model Risk Management Policy and Proceduresframework.
MRGR responsibilities include performing independent reviews of models,Change control, Ongoing model performance assessment and other such activitiesto identify and mitigate key model risk issues.
In this process, MRGR worksclosely with the JPMC Lines of Business (LoB) and functional teams on modelgovernance activities and developing issues.
MRGR also interacts regularly withseveral groups including : Model Development teams, LoB Risk and ControlManagers, Fair Lending, Compliance, Audit and Bank regulators.
Independent reviews and re-reviews of Finance, Credit, Risk, Fraud, Operations,Marketing and other models for JPMC Consumer & Community Banking businessessuch as Chase Mortgage Banking, Auto Finance, Home Lending, Card Services BusinessBanking, Merchant Services, Digital payments and Consumer Banking.
Work with MRGR review teams in other locations, to ensure high qualitymodel reviews, re-reviews, minor model enhancements, and model usage reviews incompliance with firm’s Estimation policies and procedures
Work with other partners such as the MRGR COO team, CCB Risk andControl functions, Finance, Fair Lending, Technology and Audit to ensure that keymodel risks are understood, recorded, monitored and managed with appropriatecompensating controls (when applicable).
Supports Model performance Monitoring
Required Qualifications :
Strong quantitative skills and some coding skills desirable (e,g SAS, Python, R). Master degree in Quantitative discipline or an MBA with an undergraduate degree in areas such as Engineering, Statistics, Economics, Mathematics etc.
from top tier Universities.
Experience in model development and / or model validation and strong familiarity with data preparation and processing; At least 3+ year of the following areas (preferably in Retail / Consumer banking) :
Quantitative Model Development
Quantitative Risk Management function or
Strong proficiency in Consumer banking products and business processes.Work Experience in one or more of the following : Mortgage Banking, Consumer Credit or Banking, Credit Cards or Auto Financing
Excellent communications skills Verbal and Written
Proficient in MS Word, Excel, and PowerPoint