Vacancy expired!
DescriptionJPMorgan 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) is responsible for implementing key credit risk
practices across Wholesale businesses, and ensuring consistency in
methodologies within Wholesale Credit Risk. The team works across the Corporate
and Investment Bank, Commercial Bank and Asset Management divisions, 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 the stress testing (CCAR/DFAST/ICAAP) of Traditional Credit Product
(TCP / loan portfolio) 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. WCAS
fosters a dynamic work environment which encompasses specific on-the-job training
and networking events.Responsibilities
Be an integral member of the wholesale credit stresstesting team
Support the production of regular stress testing exercises(CCAR/DFAST, Mid-Year ICAAP, quarterly Risk Appetite, as well as IFRS9 and CECL,and Economic Capital models) with a focus on ad-hoc regional, Legal-Entitybased or portfolio-based exercises. Collect data from various sources,synthesize the information, perform analysis, and interpret results in order toassist in making recommendations which impact the lines of business
Gain expertise into, and/or ability to run, a number ofloan portfolio modeling platforms, including the CCAR loss model, IFRS9 modeland the Economic Capital model.
Partner closely with Risk, Finance and QuantitativeResearch groups, centrally and within LOBs, to assist in the enhancement ofexisting wholesale loan stress models.
Prepare and present results to stakeholders, includingmanagement teams in Risk and Finance and regulators. Analytics include but notlimited to sensitivity, attribution, and variance analysis
Help explore the development of complex sensitivityanalysis and the extension of stress testing results for 1 st line management
Drive the development of appropriate analytics tools toenhance the overall efficiency of the group
Partner with the firm’s Risk Id team to help alignwholesale stress testing with risks identified across the wholesale portfolio.Help explore alternative, data-driven risk identification for wholesale credit.
Qualifications
3-7 years ofrelevant experience
Strong analytical and problem-solving abilities
Self-motivated, organized and possess a high level ofattention to detail
Proficient skill in processing, analyzing, controlling andreconciling large datasets
Ability to build rapport and influence change
Excellent written and verbal communication skills
Ability to work and solve problems independently and excelin a high-pressure, deadline oriented environment
Experience in econometric and statistical modeling ishighly preferred. Experience in risk management (credit or market risk) a plus
Proficiency in programming language (Python, SQL, R) aplus
BA/BS degree required; Master degreeor CFA a plus
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.
Vacancy expired!