Jpmorgan Chase & Co. Plano , TX 75023
Posted 5 days ago
JobID: 210527878
Category: Associates
JobSchedule: Full time
Posted Date: 2024-07-01T19:16:59+00:00
JobShift:
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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 a Wholesale Credit Risk Loan Loss Forecasting - Associate, you will develop value added risk analytics solutions through the deployment of advanced analytical frameworks on top of the firm's big data resources. In this role, you will focus on leveraging data to enhance the current end-to-end credit risk process across all of Credit Risk.
Job Responsibilities
Stay up to date on the latest Risk related news and trends across the financial services industry, markets, politics, etc. and have the thought space to anticipate potential impact(s) on the Firm.
Review top level and loan level detailed allowance results for reasonability and accuracy
Exercise analytical skills to assess risks and support estimation of the qualitative allowance, which considers management's judgment of industry and portfolio-specific data, and captures emerging and/or idiosyncratic risks
Calculate, analyze, and communicate modeling behaviors and parameters (including Probability of Default, Loss Given Default, Exposure at Default, and Rating Migration) and how these translate into loss estimates
Develop a deep understanding of the allowance estimation process and inform methodology alignment across CECL, IFRS 9, and stress testing loss forecasting exercises
Support portfolio trend and sensitivity analysis to various macroeconomic scenarios, portfolio 'what-if' stresses, and assumption changes
Prepare and present materials to senior management and other Firm wide stakeholders, adapting messages to different audiences
Collaborate with partners across the Firm, including the lines of business, and the Risk Finance, Quantitative Research, Model Risk, and Technology organizations
Required Qualifications, Capabilities and Skills
Bachelor's degree in Business, Finance, Accounting, or related field
3+ years' experience within the financial services industry
Knowledge with Commercial and Industrial (C&I) and Commercial Real Estate (CRE) loans and lending related commitments
Knowledge of CECL / IFRS 9 credit loss accounting standards.
Preferred Qualifications, Capabilities and Skills
Strong organizational skills including attention to detail and multitasking skills
Excellent written and verbal communication skills and ability to synthetize results and share with a senior audience as needed
Ability to work and solve problems independently and excel in a high-pressure, deadline oriented environment
Excellent relationship management skills and ability to facilitate communication between teams
Mindset for continuous improvement and to challenge the status quo
Jpmorgan Chase & Co.