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Stress Testing - Model Development Associate

AT JPMorgan Chase
JPMorgan Chase

Stress Testing - Model Development Associate

New York, NY

The Commercial & Investment Bank (CIB) Treasury Stress Testing group is responsible for the Balance Sheet, Net Interest Income (NII), Fund Transfer Pricing (FTP), and Risk Weighted Asset (RWA) projections in CIB's Quarterly Risk Appetite and Comprehensive Capital Analysis and Review (CCAR) exercises. Team members in this space are relentlessly curious and focus on creating well-controlled analytical environments. Team members have high exposure to senior management and are subject matter experts on the Balance Sheet, NII and FTP projections for one of the world's pre-eminent financial institutions.

CIB Treasury Stress Testing is searching for a candidate to support its mission in providing best in class financial projections which support the Firm's strategic decision making.

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Job Responsibilities

  • Support CCAR (Comprehensive Capital Analysis and Review) model enhancement/development (qualitative and quantitative based modeling using Python), execution, analysis and review
  • Synthesize results from stress projections into holistic presentations for senior management
  • Understand the interactions between different financial concepts on CIB's stress projections - particularly in the Markets businesses
  • Focus on process improvement - be part of a continuous improvement team which is moving towards automated, repeatable solutions
  • Operate under tight timelines to comply with internal and regulatory-prescribed deadlines
  • Manage interactions with partner teams which have competing or dual priorities
  • Concisely convey topics to audiences with varying backgrounds on FTP / BS / NII
  • Work closely with a global team operating on multiple continents
  • Grow into a technical job area to become a subject matter expert

Required Qualifications, Skills, and Capabilities

  • 2+ years supporting a large financial services organization
  • Familiarity and experience with Capital Stress Testing
  • Knowledge or experience or familiarity to risk management
  • Regression-based modeling experience
  • A strong understanding of statistical concepts
  • Coding experience, python greatly preferred
  • Comfortable working autonomously in an unstructured environment
  • Excellent organizational and problem-solving skills
  • Proficient in Microsoft applications, specifically Excel and PowerPoint
  • Ability to execute tasks under aggressive targets and effectively manage to changes in plan
  • Ability to work under pressure and to strict deadlines with competing tasks
  • Good organizational skills & planning ability; strong teamwork and communication skills
  • Results oriented without compromising control

Preferred Qualifications, Skills, and Capabilities

  • Experience in with Markets products
  • Previous experience analyzing FTP/NII
  • Knowledge of Commercial Investment Bank (CIB) products and Basel rules
  • Statistical modeling and Python coding experience


ABOUT US

JPMorganChase, 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. 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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

ABOUT THE TEAM

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

Client-provided location(s): Brooklyn, NY, USA
Job ID: JPMorgan-210575383
Employment Type: Full Time