Model Risk Audit - Associate

Job Description
Join the model risk audit team as an experienced audit associate reporting locally to an Audit Director in India.
As a Model Risk Audit - Associate within the Model Risk Artificial Intelligence/Machine Learning Audit team, you will have exposure to a variety of modeling techniques (AI/ML and non-AI/ML) and their unique limitations spanning all lines of business (associated products, services and quantitative risk management practices) and use the knowledge to shape business strategy and protect the firm. You will be responsible for designing and developing cutting-edge AI/ML solutions to enhance the efficiency and effectiveness as we execute our model risk coverage strategy. In addition, you will be responsible for conducting independent model risk control assessments to help us anticipate, navigate and assess emerging risks and evaluate controls intended to mitigate model risk across the end-to-end model lifecycle.
Job Responsibilities

• Design, develop and implement AI/ML solutions to automate, optimize and enhance model risk analysis and control testing
• Evaluate adherence to model development standards, processes, policy and procedures through conducting robust data driven quantitative and qualitative analysis and directly partnering with model developers, model users, model reviewers and governance oversight personnel.
• Document in high quality well written technical reports model risk control assessments and communicate findings to stakeholders including the Chief Auditor.
• Identify control weaknesses and/or gaps in the firm's model risk management framework
• Set standards for robust model risk control assessments and enhance them as needed to adapt to changes in the firm's model risk management framework and/or meet evolving regulatory standards.
• Lead, plan, manage and execute end-to-end line of business model risk analysis and control assessments and strategic team projects
• Validate strategic solutions implemented by the firm to address regulatory identified issues related to the firm's model risk management framework and practices.

Required qualifications, capabilities and skills

• PhD or Masters Degree in Mathematics, Data Science, Financial Engineering, Computer Science, Artificial Intelligence Machine Learning or a related field.
• Minimum 5 years of experience in one or more of the following business roles; AI/ML product development, quantitative model development (including machine learning), model validation, data science or related fields
• Strong leadership and communication skills (both verbal and written) for writing highly technical reports and driving and influencing change on model-related issues
• Understanding of and proficiency in programming languages (e.g. Python, R, or equivalent)
• Understanding of and proficiency in developing and using AI/ML solutions (e,g, Gen-AI, agentic AI, traditional AI) and frameworks (e.g. pytest) to ensure code quality and reliability
• Understanding of and proficiency in statistics, derivative pricing and machine learning modeling techniques
• Risk and control mindset with the ability to ask incisive questions, converge on critical matters, assess materiality, and escalate complex and sensitive issues to senior management
• Strong critical thinking and analytical/quantitative skills to perform model risk analysis against the controls in place intended to mitigate the associated risk

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 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.
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.