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Model Risk Methodologies - VP

Mumbai, India | Global Securities, Investment and Retail Banking Firm

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Risk Management
  • Experience:
Job Description:
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Developing common model risk metrics, monitoring and diagnostics.

Leveraging machine learning techniques for model risk anomaly detection.

Developing new models for benchmarking existing ones.

Helping drive requirements of the new model reporting framework.

Working closely with other QR groups to implement consistent model risk practices across the groups.

Participate in generating data or information in response to ad-hoc internal and external requests relating to model risk.

Work as a key member of a team responsible for establishing new practices for model risk management

Overall, the candidate will need to work closely with teams in Asia-Pacific and/or London and/or New York and will need to be proactive to improve desk efficiencies, access and learn J. P. Morgan’s highly sophisticated solutions

Required Skills:

Knowledge of financial math and math modeling

Excellent analytical and problem solving skills

Affinity with model validation or model governance

Python or C++ software development with emphasis on numerical methods

Good communication skills

PhD or Master’s degree or equivalent from top tier schools/programs in Mathematics, Mathematical Finance, Computer Science, Physics, or Engineering

Preferred Skills:

Experience in model validation and understanding of model risk

Experience with object oriented design

Machine learning experience


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