Senior Internal Audit Associate - Model Risk

Job Description

Are you ready to make an impact in the world of model risk management? Join our industry-leading Model Risk team within Internal Audit and help shape the future of JPMorgan Chase.

As a Senior Associate in the Model Risk team, you will play a crucial role in conducting independent model risk control assessments across various modeling techniques, including AI/ML. Your work will help shape business strategy and protect the firm by evaluating controls and designing cutting-edge solutions.

Job Responsibilities:

• Conduct robust quantitative and qualitative analysis to evaluate adherence to model development standards and procedures.
• Document model risk control assessments in high-quality technical reports and communicate findings to stakeholders.
• Identify control weaknesses and gaps in the firm's model risk management framework.
• Set and enhance standards for model risk control assessments to adapt to regulatory changes.
• Lead and execute end-to-end model risk analysis and strategic team projects.
• Validate strategic solutions addressing regulatory issues related to model risk management.
• Collaborate with quants, risk and finance professionals, and senior management to oversee model usage and performance assessment.

Required Qualifications, Capabilities, and Skills:

• PhD or Master's Degree in Mathematics, Data Science, Financial Engineering, Economics, Quantitative Finance, Computer Science, AI/ML, or related field.
• 2+ years of experience in AI/ML product development, quantitative model development, model validation, or data science in financial services.
• Strong leadership and communication skills for writing technical reports and influencing change.
• Proficiency in programming languages (e.g., Python, R) and statistics, derivative pricing, and machine learning techniques.
• Risk and control mindset with the ability to assess materiality and escalate issues.
• Strong critical thinking and analytical skills for model risk analysis.
• Excellent communication skills for interfacing with other functional areas on model-related issues.
• Preferred: Proficiency in developing and using AI/ML solutions and frameworks to ensure code quality and reliability.

Preferred Qualifications, Capabilities, and Skills:

• Understanding of AI/ML solutions (e.g., Gen-AI, agentic AI) and frameworks (e.g., pytest) for code quality and reliability.

About Us

JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

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.

The Audit department provides independent assessments to evaluate, test and report on the adequacy and effectiveness of our governance, risk management and internal controls. The team’s priorities are focused on strong governance, transparency, strategic engagement, and fostering a diverse and inclusive culture that develops our talent.