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.
Wholesale Credit Risk Stress is part of the Wholesale Credit Solutions Group (WCSG) and is responsible for the methodology and governance of the Firm's stress testing program of wholesale loans.
Responsibilities
Developing a stress testing framework for the specific industries under their coverage
Understand credit underwriting principles for a specific industry and participate in risk underwriting activities
Participate in risk reviews and make stress testing framework an essential component of industry portfolio management
Partner with Wholesale Credit Risk Management and collaborate with model developers to enhance loss forecasting models to capture industry specific drivers
Partner with LOB team to ensure appropriate business assumptions
Enhance reporting of stress estimates to industry based credit teams for ongoing risk appetite measurements and stress capital
Provide analysis for portfolio and scenario changes and resulting loss sensitivities / results and provide industry level results explain to LOB results analytics team
Be an expert in the portfolio composition of a particular industry portfolio and conduct bottom's up analysis
Provide leadership and input into key projects across the department, and contribute to process and efficiency improvement initiatives of the Credit organization
Qualifications
1-3 years professional work experience in financial services (commercial banking or similar)
Ability to effectively present analysis and interact with key stakeholders; build rapport and influence change
Strong communication skills - both oral and written
Self-motivated, organized and possess a high level of attention to detail
Ability to work in a team environment to solve problems and excel in a high-pressure, deadline oriented environment
Has meticulous attention to detail and accuracy
Experience in econometric and statistical modeling for loss and interest income forecasting, risk management, or volume forecasting is preferred.
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.
