The Firmwide Economic Scenarios & Analytics team within the Office of the CFO oversees the development and distribution of macroeconomic scenarios used in the Firm's forecasting processes. The team collaborates with the Economics and Strategy Research teams, Risk functions, CFO / Financial Planning teams, and other corporate areas such as Investor Relations and Capital Management. The scenarios cover key U.S. and global macroeconomic 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 Vice President is expected to play an integral role in the development and growth of the team. In addition to directly executing forecasts for macroeconomic variables (e.g. GDP, unemployment, monetary policy, interest rates, credit spreads, equity indexes, FX rates, etc.), the role can expect to have direct exposure to senior executives, including but not limited to, the Firm's CFO and CRO and will have the opportunity to lead a high-profile analytical team. The Vice President will:
Drive the design and execution of macroeconomic forecasts that make up the scenarios, working closely with key forecasting partners (JPM Economic / Strategy Research teams or other subject matter experts) and consumers of the scenarios (Risk and Finance Lines of Business). Experience with scenario design, CCAR, and / or CECL a plus
Explain key elements of the scenarios and economic environment to primary stakeholders such as senior management, LOBs, and Risk, Finance and quantitative model development teams
Lead communications and meetings across diverse functions, locations and businesses to facilitate discussions, drive priorities and ensure consensus among stakeholders and senior management. Examples of key stakeholders include lines of business, Investor Relations, JPM CIB Research, Risk, Capital Management and senior management within Risk and Finance
Identify and implement enhancements to the team's processes and assess the conceptual and financial soundness of strategic implementation following changes in regulatory or internal requirements, Firmwide processes and / or emerging best practices
Monitor and prepare commentary on economic releases and events, and stay abreast of trends in equity markets, fixed income markets, mortgage markets, etc. and anticipate implications for macroeconomic forecasting and scenario design
Oversee and participate in the hands-on development, enhancement, and documentation of macroeconomic forecasting methodologies, ensuring compliance with regulations and best practices
Lead ad-hoc analysis as needed, e.g. evaluating the Firm's exposures and sensitivities to key macroeconomic variables, and connecting macroeconomic drivers to emerging industry trends
Bachelor's Degree in Economics or a related field such as International Relations, or Finance; Master's / Ph.D. a plus
8+ years of work experience in research / forecasting / business analytics for a leading financial institution / central bank, consulting firm or similar, with a strong background / interest in economics and familiarity with macroeconomic forecasting methods and scenario analysis
Demonstrated leadership capabilities, including ability to organize, plan, and manage a team to accomplish goals and develop the potential of individuals and teams
Exceptionally detail-oriented with the ability to synthesize large amounts of data and various viewpoints, summarize key concepts, and clearly articulate relevant conclusions
Excellent communication (verbal and written) skills, with the ability to prepare and deliver executive level presentations. Ability to communicate ideas in a clear and convincing way, including defending and explaining difficult and complex concepts to subject matter experts, senior management, and regulators
Strong quantitative, analytical, and problem solving skills. Inquisitive nature, ability to ask the right questions and find solutions
Self-starter, with an ability to multitask in a fast-paced, results-driven environment with frequently changing priorities
A proven track record of executing against deliverables and meeting deadlines under pressure
Proficiency in a statistical software package (e.g. EViews / Stata / R / Python) or similar preferred; strong Excel and Microsoft Office skills
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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.