Wholesale Credit Risk Management - Loan Loss Forecasting - Associate
Wholesale Credit Risk Management - Loan Loss Forecasting - Associate
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Job Description
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance you are at the center of keeping JPMorganChase 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.
The Wholesale Credit Stress Loan Loss Forecasting Team (LLF) team is responsible for implementing key credit risk practices across Wholesale businesses and ensuring consistency in methodologies within Wholesale Credit Risk. The team works across the Commercial and Investment Bank and Asset Management divisions and will be aligned with firm-wide partners including Reporting Finance 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 firms Wholesale loan portfolio. You will have the opportunity to analyze losses under Comprehensive Capital & Analysis Review (CCAR) model and the firms 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 groups strategic data/analytical platforms
Required Qualifications Capabilities and Skills
- Bachelors 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
Required Experience:
IC
Employment Type
Full-Time
