Wholesale Credit Risk Management - Loan Loss Forecasting - Associate

Bring your expertise to JPMorgan Chase.

As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase 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.

The Wholesale Credit Stress Loan Loss Forecasting Team (LLF) team 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 Commercial and Investment Bank and Asset Management divisions, and will be aligned with firm-wide partners including Reporting, Finance, Model Risk & Development, Technology, and the Regulatory Capital Management Office.

As an Associate on the LLF team, you will be part of a dynamic team and focus on many different aspects of loss forecasting of the firm's Wholesale loan portfolio.

You will have the opportunity to analyze losses under Comprehensive Capital & Analysis Review (CCAR) model and the firm's internal Risk Appetite framework and present to senior management.

Job Responsibilities


* Support the production of regular stress testing exercises (CCAR, quarterly Risk Appetite), monthly portfolio monitoring, as well as more ad-hoc regional, Country, or industry/ products based exercises


* Perform portfolio level analysis, analyze the impacts from changes in macro-economic variables (MEVs), and different ad-hoc variance analysis


* Perform analysis to support existing and new stress limits, including What-If analysis to assess impacts to different limits


* Collaborate within the LLF team such as CECL, model aligned teams (C&I, CRE, HFS, and FVO) and cross functionally with partner teams like Credit Officers, Quantitative Research (QR), Products, Technology, Risk Controllers, Finance and Market Risk


* Understand the models and be able to interpret and synthesize the results in order to assist in making recommendations which impact the industries/ lines of business


* Facilitate coordination of scenario design for quarterly stress tests and CCAR and participate in updating Material Risk Inventory (MRI)


* Collaborate with model developers, technology and businesses on improving the stress loss methodologies applied in stress frameworks


* Participate in deep dives, risk reviews, and make stress testing framework an essential component of different limits and industry portfolio management


* Navigate and/or build analytics dashboards in Tableau or proprietary systems to streamline the review process of model results and data inputs


* Work individually or in team setting to advance the group's strategic data/analytical platforms

Required Qualifications, ...