Wholesale Credit Risk – Loan Loss Forecasting – Associate

As part of Risk Management, 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 an Associate in the Wholesale Credit Loss Forecasting team, you will be responsible for the methodology and governance of the firmwide and legal entity stress testing programs of wholesale credit portfolios. The Legal Entity and Economic Capital team provides solutions to legal entities, including capital and stress loss assessment to assist Internal Capital Assessment Adequacy Process (ICAAP), regulatory prescribed exercise and climate stress testing.

Job responsibilities

• Participate in the building/enhancement of loss forecasting frameworks for JPMC’s legal entities in EMEA, APAC and LATAM regions
• Support the production of regular stress testing, risk appetite and credit limit exercises as well as ad-hoc portfolio analytics asks. Collect data from various sources, synthetize the information, perform analysis, and interpret results in order to assist in making recommendations which impact legal entities
• Prepare and present reports on risk analytics to technical and non-technical audiences
• Develop knowledge about the various stress testing platforms including CCAR, CECL/IFRS9, Economic Capital
• Get familiar with the various regulatory requirements governing our legal entity strategy and determine how to optimize our approach to stress testing
• Exploit your critical thinking and problem solving skills daily to drive results
• Partner closely with Credit, Legal Entity & Climate Risk, Finance, Quantitative Research and Technology, centrally and within LEs to assist in the understanding and enhancement of existing wholesale loan stress models

Required qualifications, capabilities, and skills

• 3+ years of professional experience
• Fluency in English is a must
• Bachelor’s degree in Economics, Finance, Math/Statistics or other STEM majors
• A first experience in credit risk analytics, loss forecasting or risk modelling is valued
• Good understanding of bank stress testing, traditional credit products and credit risk management
• Analytical mindset and strong problem-solving abilities, capability to learn new knowledge and apply to work in short time
• Excellent communication skills, verbal as well as written

Preferred qualifications, capabilities, and skills

• MBA/Master’s degree in STEM or finance, FRM or CFA a plus
• Proficient in analyzing large data sets using Tableau and Excel. Experience in Python, SQL or R is highly desired but not a must

About us

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.

About the Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

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