Ccb-Risk-Core Model Card Ccar Cecl Associate

Jpmorgan Chase & Co. Wilmington , DE 19801

Posted 2 weeks ago

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CCB-Risk-Core Model Card CCAR CECL Associate

Req #: 180094864

Location: Wilmington, DE,US

Job Category: Accounting/Finance/Audit/Risk

Job Description:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available athttp://www.jpmorganchase.com/.

Our Firmwide Risk Function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.

Chase Consumer & Community Banking (CCB) serves consumers and small businesses with a broad range of financial services, including personal banking, small business banking and lending, mortgages, credit cards, payments, auto finance and investment advice. Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Types of risk that occur in consumer businesses include fraud, reputation, operational, credit, market and regulatory, among others

CCB Risk Core Card Modeler-CCAR CECL-Associate

  • Responsible for developing best in industry credit card CCAR/CECL account level forecasting model and working with MRGR (model review group) through the model review process and answering questions.

  • Manage model development end to end process, from data collection, development, validation, to documentation

  • Responsible for working with cross function teams, including loss forecasting, business strategy, finance and controller teams

  • Partner with business units in making strategic choices and investment decisions. Communicate

  • PhD or Master's degree in Statistics, Econometrics, Operations Research, Mathematics or related quantitative field. Education or experience must include:

  • A minimum of 1 year hands on model development experience.

  • Experience with CCAR account level forecasting models, such as state transition model, hazard rate models and PPNR models are required.

  • Strong analytical, interpretive and problem solving skills, which will require the ability to synthesize / analyze diverse information and develop recommendations from observed outcomes.

  • Communication skills must be strong, with an ability and demonstrated experience in clearly presented analytical findings

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CCB Risk Credit Forecasting Card Cecl ImplementationAssociate

Jpmorgan Chase & Co.

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VIEW JOBS 12/10/2018 12:00:00 AM 2019-03-10T00:00 Apply Now CCB Risk Credit Forecasting Card CECL Implementation-Associate Req #: 180090247 Location: Wilmington, DE,US Job Category: Accounting/Finance/Audit/Risk Job Description: Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available athttp://www.jpmorganchase.com/. Our Firmwide Risk Function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment. Chase Consumer & Community Banking (CCB) serves consumers and small businesses with a broad range of financial services, including personal banking, small business banking and lending, mortgages, credit cards, payments, auto finance and investment advice. Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Types of risk that occur in consumer businesses include fraud, reputation, operational, credit, market and regulatory, among others The CCB credit forecasting function is responsible for reporting and forecasting of loan losses, allowances, margin and capital. The function uses multiple approved models for predicting the future performance of the credit portfolio for BAU planning & reporting. In addition the team is also responsible for production, reporting and analytics for stress losses under CCAR, ICAAP and Risk Appetite scenarios. We are seeking an Associate to join the CCB Card Credit Forecasting team focused on implementation of the new allowance standards Current Expected Credit Loss "CECL". The incumbent will work on several initiatives and work streams in order to get Card business ready for CECL adoption in Q1 2020 and implementation of CECL in CCAR for the 2020 cycle. This is a very high visibility role and will include substantial interaction and senior officers in the business. The candidate will collaborate closely with various key stakeholders across the Firm, including Credit Risk Management, Risk Modeling, Model Validation, Finance, Controllership, Corporate Accounting Policy, Technology, Program Management as well as colleagues within the Forecasting teams. Key Responsibilities: * Define forecasting and modeling requirements to ensure the CECL models are compliant with accounting policy. * Establish, define, and implement the business operating CECL model for Card business, which entails a thorough understanding of the end-to-end allowance process and associated infrastructure; * Engage stakeholders and senior management in a 'dry run' of the CECL operating model prior to go-live * Support the Card business in implementation of CECL through extensive testing * Perform various ad-hoc analytics to inform decision making * Partner with technology to develop reporting and analytics tools by providing business requirements * Develop SOX controls for CECL in compliance with requirements, incorporating insight from auditors * Prepare presentations for senior management and other key stakeholders * Create and maintain comprehensive documentation and standard operating procedures related to the allowance process * Act as subject matter expert on allowance and serve as primary point of contact for internal and external stakeholders * Represent the firm in industry conferences * Minimum 3-5 years of relevant experience, preferably within credit risk and analytics. Credit forecasting experience, including allowances and CCAR within consumer businesses is a big plus * Proven track record of delivering high quality results within tight deadlines; ability to manage multiple priorities * Strong analytical, problem solving, and process re-engineering skills * Investigative mindset, able to see issues at both a high level and in detail * Very strong verbal and written communication skills as there will be substantial exposure and update to C-level officers, regulators and external auditor * Energetic self-starter who takes ownership * Strong team player, comfortable working with all levels of the organization * Interest and ability to work in a fast-paced and dynamic environment * Preference will be given to candidates with card experience Jpmorgan Chase & Co. Wilmington DE

Ccb-Risk-Core Model Card Ccar Cecl Associate

Jpmorgan Chase & Co.