The Firmwide Operational Risk Capital and Stress Team (FORCAST) is an independent function responsible for the development and maintenance of the Firm's operational risk capital and stress testing framework.
The role will be responsible for helping to manage and execute operational risk Scenario Analysis activities, working closely with key stakeholders including senior executives, subject matter experts and Risk ID leads from Line of Businesses, including Operational Risk Officers (OROs) for Lines of Business as well as the Corporate Legal team.
Responsibilities:
This role will be responsible for:
- Helping to manage the end-to-end Scenario Analysis framework for Operational Risk
- Risk identification process based on Firmwide Material Risk Inventory (MRI) from FRIDA system, in collaboration with Firmwide Risk ID team
- Operational Risk Scenario Selection and Quantification
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- Identifying risk drivers for Operational Risk Scenarios
- Preparation and analysis of pre-workshop reference data materials
- Coordinating facilitating scenario analysis workshops/meetings with 1st and 2nd Lines of Defense SMEs to estimate loss impacts of different scenarios
Qualifications:
- 10+ years prior work experience in risk management, data science, quantitative analysis and risk modeling in financial industry
- Working experience to collaborate and partner with stakeholders across LOBs and horizontal teams
- Familiarity with data analysis for risk estimation, prior statistical modeling and model development experience
- Familiarity with CCAR/ICAAP experience is preferred
- Advanced Excel, Alteryx, Tableau and/or Power BI experience is preferred
- Python language experience is preferred
- Graduate degree (PhD/MS) in Finance, Econometrics, Statistics or Operational Research is a plus
- Creative thinker and problem solver; ability to apply concepts to new situations
- Effective presentation and communications skills - ability to understand, translate and present risk concepts to business partners in structured and organized manner
- Structured and organized - ability to synthesize results and produce analysis that is effective from a business perspective
- Working understanding of quantitative risk and/or stress testing, including scenario analysis, model risk review process is desired
ABOUT US
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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
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.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.