Catastrophe Modelling - Climate Nature & Social Risk Executive Director

Job Description

Bring your Expertise to JPMorgan Chase.  As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As an Catastrophe Modelling - Climate Nature & Social Risk Executive Director, you will lead the development and implementation of advanced catastrophe modelling strategies, working closely with stakeholders across risk, data, and technology teams. You will translate complex catastrophe and climate model outputs into actionable insights for credit and financial loss modelling, supporting the firm’s transition to a low-carbon economy and resilience to physical climate risks. This role involves using catastrophe models beyond their typical insurance use case, requiring a passion for innovating methodologies combined with a deep understanding of catastrophe models.

Job Responsibilities

• Lead the implementation and integration of third-party catastrophe models within the physical risk team, coordinating with central data, technology, and modelling teams to source data and conduct analyses.
• Develop and tailor catastrophe modelling solutions to support risk identification, assessment, and management for physical climate risks, including event response activities.
• Conduct detailed model review and validation, providing recommendations for model adjustments and serving as a subject matter expert in natural catastrophe and climate science.
• Define requirements and drive firmwide initiatives for collecting and managing data on physical risk impacts; stay abreast of emerging developments in catastrophe modelling.
• Collaborate with other risk teams (e.g., Consumer and Community Bank, Corporate and Investment Bank, Commercial Bank, Model Risk Governance & Review, Asset Management, Chief Data Office) to integrate physical risk data into business-as-usual (BAU) risk models.
• Contribute to broader climate modelling initiatives, including scenario design, and macroeconomic impact analysis
• Mentor and develop junior team members, fostering a culture of innovation and continuous improvement.

Required Qualifications, Capabilities, and Skills

• Advanced degree in a quantitative discipline such as engineering, physics, economics, or mathematics.
• Minimum 10 years of professional experience in catastrophe modelling, ideally within a broker, insurer, reinsurer, or model development firm.
• Expertise in Verisk/AIR or Moody’s/RMS modelling software, with proficiency in catastrophe risk modelling methods, terminology, and metrics is a must.
• Demonstrated experience in model evaluation, validation, and/or development, with application to insurance, reinsurance, or banking business cases.
• Strong leadership skills, with the ability to influence, lead cross-functional teams, and drive strategic initiatives.
• Excellent communication skills, with the ability to clearly and succinctly convey complex analytical outputs to stakeholders (both written and verbal).

• Proficiency in programming languages such as R or Python and geospatial data analysis

   

   

Preferred Qualifications, Capabilities, and Skills

• Advanced degree (PhD preferred) in a quantitative discipline such as engineering, physics, economics, or mathematics.
• Knowledge of climate scenario analysis, regulatory requirements, and their application to banking is a plus.

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.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.