JPMorgan Chase Corporate - Firmwide Economic Scenarios & Analytics - Economic Analytics - Associate in Jersey City, New Jersey
JPMorganChase & Co . (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and 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 at www.jpmorganchase.com at http://www.jpmorganchase.com/ .
The Firmwide Economic Scenarios & Analytics team within Global Finance oversees the development and distribution of the full set of economic assumptions used in the Firm’s forecasting processes. The team collaborates with the Economics and Strategy Research teams, CFO/Financial Planning teams, Risk functions, and other corporate areas such as Investor Relations and the Regulatory Capital Management Office. Economic assumptions cover key US and global economic indicators, fixed income markets, equity markets, etc., and accordingly, a broad knowledge base across economics and finance is essential. The team develops scenarios across a range of potential economic backdrops which are distributed firmwide.
Overview & Responsibilities
The role is expected to play an integral role in the development and growth of the team. The role can expect to have exposure to senior leaders, and will have the opportunity to develop important managerial and analytical skills required to advance in the firm. The role will:
Support the design of economic forecasts, working closely withkey partners including suppliers of economic variables (JPM Economic/Strategyresearch teams or other experts) and users (Risk and Finance). Experience withscenario planning, CCAR, ICAAP a plus.
Support reviews of forecast models; assess appropriateness ofmodel inputs, methodology, and output. Perform periodic calibration.
Work across lines of businesses to ensure consistent modeldevelopment and application. Collaborate with governance groups to supportmodel enhancements and maintain model inventory.
Coordinate and manage the team’s multiple project workstreams, withan emphasis on accuracy and timeliness of meeting deliverables on prescribedtimelines, ensuring successful downstream implementation.
Oversee andparticipate in hands-on review of economic forecasting methodologies,documentation, process, and data to assess conceptual and financial soundnessof the implementations, as well as compliance with rules and best practices.
Communicate with key stakeholders such as Finance and Risk, Planning& Analysis, quantitative model development, Investor Relations and seniorleadership to manage and coordinate inbound questions, deliverables, and ad-hocrequests.
Developexecutive-level presentations for senior management, regulators and internalstakeholders
Strong quantitativeskills: Bachelor’s degree or equivalentin a quantitative discipline a plus – Econometrics/Statistics, Engineering,Quantitative/Math Finance, etc.
Demonstrablestatistical regression experience
5+ years of workexperience, with a strong interest in Finance and / or Economics
Experience witheconomic and financial modeling. Experience with programminglanguages/statistical software (e.g., SAS, Python, R) considered a plus.
Ability to understand and challenge modelingassumptions as well as concrete technical model documentation
Exceptionally detail-orientedwith the ability to synthesize large amounts of data, summarize key conceptsand articulate relevant conclusions
Excellentorganizational and communication (verbal and written) skills
Experience managingproject workstreams across multiple key stakeholders
Self-starter, ableto work in a fast-paced, results-driven environment with a proven track recordof execution against deliverables
Ability tomulti-task in a fast paced environment with frequently changing priorities and tomeet deadlines under pressure. Works well individually and in teams, sharesinformation, supports colleagues and encourages participation.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.