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JOB DESCRIPTION

As a statistical and machine learning specialist, you will be a member of the Model Risk Governance & Review (MRGR) group supporting International Consumer Banking (ICB) and will be based in London. You will focus on the following activities:

Job Responsibilities

• Replicate the model in python, PySpark, SAS, or other language suitable for Data Science
• Engage in model validation activities - evaluate conceptual soundness, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, associated with development & use of the model.
• Evaluate the risk posed by statistical/ML models, and suggest ways to mitigate such risks
• Liaise with various stakeholders including: Model Developers & Users, MRGR colleagues, UK Compliance, UK Legal, Control teams, Internal Audit. Support and contribute to liaising with Bank Regulators
• Maintain model risk controls for the ICB models & serve as first point of contact, help identify and escalate issues to ensure that their resolutions are sound and timely.
• Manage accuracy of Model inventory, ongoing model performance monitoring, model change control, and participate in discussions with regulators on model risk.
• Participate and actively contribute to the life and activities of MRGR ICB and MRGR more generally

Required qualification, capabilities and skills

We are looking for someone excited to join our organization. If you meet the requirements below, you are encouraged to apply to be considered for this role.

• Strong quantitative & analytical skills: The role requires a strong quantitative background (PhD /Master Degree or equivalent) in Statistics, Economics (with Econometrics), Data Science, Computer Science, Operations Research, or a quantitative science, etc. Prefer candidates with knowledge of both statistic/econometric methodologies and Machine Learning modeling methodologies.
• Programming Skills: Knowledge of at least one programming language such as Python, SAS, R, etc.
• Product domain expertise in: consumer banking/retail banking; ability to understand the business / knowledge of regulation surrounding business)
• Extensive Experience and familiarity in Model Development or Model Validation in Financial institutions.
• Strong communication skills – Verbal and Written, ability to interface with stakeholders on model-related issues.
• Risk and control mindset: Ask incisive questions, assess materiality of issues and escalate as required

Preferred qualification, capabilities and skills

The following additional items will be considered but are not required for this role

• Sound project management /organizational skills: flexible, adaptable to shifting priorities to achieve the most effective result and able to work in a fast-paced, results driven environment
• Ability to work in a team that spans multiple time zones

ABOUT US

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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.

ABOUT THE TEAM

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.