Wholesale Credit Risk Management - Loan Loss Forecasting - Associate

, Model Risk & Development, Technology, and the Regulatory Capital Management Office.

As an Associate on the LLF team, you will be part of a dynamic team and focus on many different aspects of loss forecasting of the firm's Wholesale loan portfolio. You will have the opportunity to analyze losses under Comprehensive Capital & Analysis Review (CCAR) model and the firm's internal Risk Appetite framework and present to senior management.

Job Responsibilities

• Support the production of regular stress testing exercises (CCAR, quarterly Risk Appetite), monthly portfolio monitoring, as well as more ad-hoc regional, Country, or industry/ products based exercises

• Perform portfolio level analysis, analyze the impacts from changes in macro-economic variables (MEVs), and different ad-hoc variance analysis

• Perform analysis to support existing and new stress limits, including What-If analysis to assess impacts to different limits

• Collaborate within the LLF team such as CECL, model aligned teams (C&I, CRE, HFS, and FVO) and cross functionally with partner teams like Credit Officers, Quantitative Research (QR), Products, Technology, Risk Controllers, Finance and Market Risk

• Understand the models and be able to interpret and synthesize the results in order to assist in making recommendations which impact the industries/ lines of business

• Facilitate coordination of scenario design for quarterly stress tests and CCAR and participate in updating Material Risk Inventory (MRI)

• Collaborate with model developers, technology and businesses on improving the stress loss methodologies applied in stress frameworks

• Participate in deep dives, risk reviews, and make stress testing framework an essential component of different limits and industry portfolio management

• Navigate and/or build analytics dashboards in Tableau or proprietary systems to streamline the review process of model results and data inputs

• Work individually or in team setting to advance the group's strategic data/analytical platforms

Required Qualifications, Capabilities and Skills

• Bachelor's degree in finance, economics, mathematics or related quantitative discipline

• 3+ years professional work experience in corporate credit risk or stress testing with demonstrated experience working in financial services

• Excellent verbal/ written communication and problem-solving skills; have the ability to explain complex results to senior audience in simple terms

• Demonstrated success in thriving within a fast-paced, collaborative environment while maintaining a high level of attention to detail

• Ability to prioritize, plan, and manage processes to complete analysis and other assignments as needed

• Proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to quickly adapt to proprietary systems

Preferred Qualifications, Capabilities and Skills

• Knowledge of Python and/or Tableau

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

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.