JPMorgan Chase Corporate - Wholesale Credit Analytics & Solutions – CCAR - Data and Execution - Associate in Jersey City, New Jersey
JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. The firm is a leader in investment banking, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.
Wholesale Credit Analytics and Solutions (WCAS)
The Wholesale Credit Analytics and Solutions team (WCAS) is responsible for implementing key credit risk practices across Wholesale businesses and for ensuring consistency in methodologies within Wholesale Credit Risk. WCAS’ areas of responsibility include Traditional Credit Product stress testing, developing the firm's authoritative wholesale credit risk parameter data set, reserve/allowance management, development and implementation of an economic credit capital model, the construction and integration of credit and capital limits, risk grading methodology, and the provision of strategic advice and solutions to the originating businesses.
WCAS provides excellent exposure to any candidate interested in Credit Risk, Basel regulations, and Economic Capital. The team works across the Wholesale bank and is closely aligned with firm-wide partners including Reporting, Finance, Model Risk & Development, Technology and the Regulatory Capital Management Office. We seek candidates with strong skills in finance, analytics, problem-solving, and communication.
Role Description and Responsibilities
The successful candidate will join a team focused on delivering the forecasting results production for the wholesale loans and commitment portfolio to meet the FRB CCAR requirements for Y-14A stress testing.
Specific responsibilities include:
Execute and deliver the forecasting projection results for every production cycle
Liaise with WCAS partners and LOBs to improve and enhance the forecasting process and results
Helping to schedule and plan for all production/testing needs
Identify and help to solve any process issues from data acquisition through results production
Understand the implementation of the forecasting models as it relates to the requisite data needs
Help to act as a quality control on all major deliveries as well as creating formal governance and controls on the same
Help to document processes to further control and governance
The ideal candidate should possess the following:
At least 3 – 5 years of experience working in Risk Management, Finance, Internal Audit or other control function.
Independent worker used to delivering on-time without direct oversight
Strong analytical and problem-solving abilities.
Excellent written and verbal communication skills, ability to engage and work with internal and external stakeholders
Self-motivated, organized and possess a high level of attention to detail.
Ability to work and solve problems independently and excel in a high-pressure, deadline oriented environment.
Experience with wholesale loans and commitments product and systems, as well as the Credit Risk Infrastructure / Credit Mart (CRI) and its data flows, is a plus.
Tableau and analytic familiarity is a plus
Ancillary coding knowledge (VBA, Python) a plus
BA/BS degree required; Master degree or CFA a plus
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.