JPMorgan Chase Corporate Risk - Wholesale Credit Analytics & Solutions (WCAS) Audit Management – VP 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.
The Wholesale Credit Analytics and Solutions team (WCAS) provides excellent exposure to any candidate interested in Credit Risk: CCAR, DFAST, ICAAP, Basel RWA, and Economic Capital.
The group is responsible for implementing key credit risk practices across Wholesale businesses, and ensuring consistency in methodologies within Wholesale Credit Risk. The team works across CIB, CB and AM, 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. WCAS work is regularly presented to the JPMorgan’s Board of Directors and Operating Committee, and is also leveraged for external constituents, including the Firm’s investors and regulators.
WCAS’ areas of responsibility include Traditional Credit Product (TCP) stress testing (CCAR/DFAST/ICAAP) and Basel RWA, developing the firm's authoritative wholesale credit risk parameter data set, reserve/allowance management, development and implementation of an economic credit capital model, the design and integration of credit and capital limits, risk grading methodology, and the provision of strategic advice and solutions to the originating businesses.
First point of contact for validation and audit functions covering WCAS
Prepare responses for external requests by regulators or external audit
Tracking of information requests and facilitate responses
Prepare presentations to internal and external stakeholder groups
Project plan WCAS responses to exams or audits
Present to senior stakeholders on findings and remediation
Monitor the timely remediation of findings
Ability to solve problems creatively while working in a dynamic and challenging environment under tight deadlines
5 to 8 years prior experience in internal audit or public accounting
Knowledge of various credit products, risk and revenue metrics, and RWA preferred
Proficient skill in processing, analyzing, controlling and reconciling large datasets in Excel
Strong analytical and problem-solving abilities
Self-motivated, organized and possess a high level of attention to detail
Excellent written and verbal communication skills
Familiarity with SR 11-07 SR 15-18, Basel rules and the broader regulatory environment are a plus
BA/BS degree required; Master degree or CFA a plus
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.