Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase 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.
As a Vice President in the Loss Forecast and Portfolio Analytics team, you will have the opportunity to provide oversight and promote production of the credit loss forecast and loan loss reserve (LLR) for all Business Banking portfolio. You will be responsible for coordinating with multiple groups and promoting the forecasting and reporting Business Banking (BB) credit losses for processes including budgeting, allowances (CECL), risk appetite and stress testing (including CCAR). This is a highly visible role where you will interact with partners in risk strategy, finance, accounting, model validation, controls and technology, and communicate results to senior management in BB Lending and CCB.
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Job Responsibilities:
- Oversee forecasting and analytics for the BB portfolio to support allowances, budgeting, and regulatory stress testing (CCAR/Risk Appetite) processes.
- Compile, interpret, and summarize data to provide information, prepare reports, and present findings, analyses, and recommendations to Senior Management.
- Explain the model behavior and results, offering insights to support the outcomes from a business perspective.
- Understand the credit forecast process, including the needs and rationale behind business decisions.
- Coordinate interactions and partner with Controllers, Finance, P&A, Modeling, and MRGR to ensure consistency in the loss forecast.
- Mentor and coach junior analysts to enhance their risk management skills and financial knowledge.
- Implement and adhere to best practices, controls, and standards for all production processes.
- Provide thought leadership on complex problems, guiding and influencing others to achieve results.
Required qualifications, capabilities, and skills
- Master's degree in a quantitative discipline (e.g., Finance, Mathematics, Statistics, Economics).
- Minimum 5+ years of related experience in Risk and/or Finance
- Strong communication and interpersonal skills, essential for presenting to and collaborating with business partners and model end-users, including the ability to explain and present analyses.
- Strong analytical, interpretive, and problem-solving skills, with the ability to synthesize and analyze diverse information.
- Experience managing complex processes that leverage data and models.
- Self-motivated and proactive, with the ability to work accurately under pressure to meet deadlines.
- Proven ability to communicate effectively within a team environment and interact across departments.
- Ability to clearly summarize and explain large and complex information to a wide range of audiences, including senior leaders, audit, controllers, finance, model developers, regulators, and controls.
Preferred qualifications, capabilities, and skills
- Proficiency in analytical languages (e.g., SAS, Python, R) is a plus.
ABOUT US
Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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.
Equal Opportunity Employer/Disability/Veterans
ABOUT THE TEAM
Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.
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.