Job title: Model Validation_Data Science_Associate

Company: JPMorgan Chase

Job description: Job Description:

As part of the firm’s model risk management function, Model Risk Governance and Review Group (MRGR) is charged with developing model risk policy and control procedures, performing model validation activities, providing guidance on a model’s appropriate usage in the business context, evaluating ongoing model performance testing, and ensuring that model users are aware of the model strengths and limitations. Model manager roles within MRGR provide attractive career paths for model development and model validation quants in a dynamic setting working closely with Model Developers, Model Users, Risk and Finance professionals, where they act as key stakeholders on day-to-day model-related risk management decisions as well as conduct independent model validation of new and existing models.

Core responsibilities:

The successful candidate will be a member of the MRGR Group in Mumbai covering all Data Science across all ex-trading applications of artificial intelligence and machine learning models across CIB:

• Engage in new model validation activities for all Data Science models in the coverage area – evaluate conceptual soundness of model specification; reasonableness of assumptions and reliability of inputs; fit for purpose; completeness of testing performed to support the correctness of the implementation; robustness of numerical aspects; suitability and comprehensiveness of performance metrics and risk measures associated with use of model.
• Conduct independent testing
• Perform additional model review activities ranging from proposed enhancements to existing models, extensions to scope of existing models.
• Liaise with Model Developers, Model Users, Risk and Finance professionals to provide oversight of and guidance on appropriate usage, controls around model restrictions & limitations, and findings for ongoing performance assessment & testing
• Maintain model risk control apparatus of the bank for the coverage area & serve as first point of contact
• Keep up with the latest developments in coverage area in terms of products, markets, models, risk management practices and industry standards

Essential skills, experience, and qualifications:

• Strong quantitative & analytical skills: The role requires a strong quantitative background based on a degree in a quantitative discipline such as Computer Science, Statistics, Data Science, Math, Economics or Math Finance. PhD or Masters (or equivalent) is preferred
• Domain expertise in following areas: Data Science, Machine Learning and Artificial Intelligence, Statistics, Math Finance. Knowledge and experience in database interfacing and analysis of large data sets. Strong understanding of machine learning / data science theory, techniques and tools including NLP, OCR, Deep Learning, supervised, unsupervised and reinforcement learning
• Understanding of the machine learning lifecycle – feature engineering, training, validation, scaling, deployment, scoring, monitoring, and feedback loop is an asset

• Proficiency in Python programming. Python machine learning library and ecosystem experience: Numpy Scipy Scikit-learn Theano TensorFlow Keras PyTorch Pandas
• Prior experience in following backgrounds (at least 3 years): Data Science, Quantitative Model Development, Model Validation or Technology focused on Data Science including hands on experience with building/testing machine learning models
• Excellent writing skills: previous experience in writing scientific text with the ability to describe evidence and present logical reasoning clearly.
• Strong communication skills and ability to interface with other functional areas in the bank on model-related issues

Risk and control mindset: ability to ask incisive questions, converge on critical matters, assess materiality and escalate

About Us:

JPMorgan Chase & Co., 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 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.

Expected salary:

Location: Bangalore, Karnataka

Job date: Fri, 08 Jul 2022 04:33:47 GMT

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