JPMorgan Chase & Co., a leading global financial services firm, is seeking a Credit Cost Vice President for its Wealth Management business. This pivotal role, reporting directly to the Lending CFO, oversees the setting and forecasting of reserve levels for the Wholesale Lending Portfolio, directly impacting the P&L and balance sheet. The successful candidate will be part of a team that provides financial insights, conducts forecasting, and reports on the financial health of the business to senior leadership.
As a Wealth Management- Credit Cost Vice President within the Lending CFO team, you will be responsible for setting and forecasting reserve levels for the Wholesale Lending Portfolio. You will also lead various strategic initiatives to support the lending business and its leadership team. This role offers significant visibility and influence, with opportunities to engage with senior leadership across Wealth Management Finance, the Corporate Risk Office, and the lending business.
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Job Responsibilities:
- Validate CECL reserves for the Wealth Management business through comprehensive analytics and collaboration with finance, credit, and business management.
- Perform ad-hoc analytical support to the Wholesale Lending business heads (e.g., profitability analytics, capital optimization analytics, etc.)
- Communicate credit cost results to senior management, recommending strategic changes to the reserving process or business practices as needed.
- Oversee the accurate recording of credit cost results in investor reports, ensuring transparency and compliance.
- Develop and enhance the credit cost forecasting framework in partnership with credit risk and business units.
Required qualifications, capabilities and skills :
- 5+ years of experience
- Strong analytical skills and ability to work with large data sets required.
- Strong experience with Excel required.
- Interact and communicate clearly and confidently with all levels of management.
- Ability to work in a fast-paced and intellectually demanding environment.
- Team oriented and strong work ethic.
- Judgment and discretion in working with highly confidential information.
Preferred qualifications, capabilities and skills:
- Familiarity with Access, SQL, Alteryx, Tableau, and/or Python a plus.
- Experience in Lending, Fixed income, and/or Credit costs a plus.
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 Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.
Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.