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Corporate - Wholesale Credit Analytics and Solutions – Non Model Estimation Methods Governance – VP

Req #: 180019409
Location: Brooklyn, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 0 US Dollar (USD)
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 Analytics and Solutions (WCAS)
The Wholesale Credit Analytics and Solutions team (WCAS) is responsible for implementing key credit risk practices across Wholesale businesses, and ensuring consistency in methodologies within Wholesale Credit Risk.
WCAS’ areas of responsibility include Traditional Credit Product (TCP) stress testing (CCAR/DFAST/IFRS9/ICAAP) and Basel RWA, developing the firm's authoritative wholesale credit risk parameter data set, reserve/allowance management, development and implementation of an economic credit capital model, the design and integration of credit and capital limits, risk grading methodology, and the provision of strategic advice and solutions to the originating businesses.
This is a new role to be the liaison for WCAS for the documentation and oversight of Non-Model Estimation Methods (“NMEM”); in addition the role will partner with Credit Risk Business Management to manage and execute the overall model,  user tool, and analytical tool inventory and attestation processes.  
Role Description and Responsibilities
The successful candidate will join a broader team focused on controls for the wholesale credit forecasting process. Specifically the responsibilities include and are not limited to:
  • On an ongoing basis work across WCAS for early identification of potential NMEM’s, helping the different teams to appreciate the distinction between model and non-model
  • With input from the SMEs in the relevant WCAS team, document the NMEMs in a consistent and high quality manner
  • Coordinate the launch of the periodic NMEM confirmation process, and in conjunction with business management provide instruction on proper and efficient execution. This includes establishing a timeline, training WCAS professionals to understand the scope and criteria for identifying an NMEM, and driving execution with LOBs and functional areas
  • Initiate the final NMEM inventory review and obtain confirmation from senior management. After final confirmation, document updates to the NMEM inventory and communicate final results to JP Morgan’s Model Review Group (“MRGR”)
  • Distribute the Annual Status Assessment (“ASA”) Questionnaire (designed by MRGR) to all NMEM owners, and after collecting and aggregating the responses, confirm the NMEM tiering assignment, identify NMEM to be re-reviewed and communicate final ASA results to MRGR to refresh the NMEM inventory.
  • Present new medium or high tier NMEMs to the Wholesale Credit Risk Control Forum for final validation
  • Present any NMEM related risks/issues to the appropriate Firmwide and LOB Estimation Risk Committees and Capital Governance Committee on a periodic basis
  • Work with business management on the model, analytical tool, and User Tool inventory attestation process


Essential skills, experience, and qualifications:
  • 4+ years of experience in banking / financial services industry
  • Experience in model risk management
  • Advanced degree in a Finance, Engineering, Economics, Math/Statistics or related quantitative discipline
  • Strong programming skills in Python, Excel required (VBA / SQL is a plus)
  • Strong quantitative, analytical skills and flair for independent research & problem solving
  • Knowledge of financial products/markets and regulatory requirements
  • Strong organizational, communication (verbal and written) and negotiation skills
  • Extreme attention to detail
  • Self-starter who is able to perform effectively in a fast paced, results driven environment
  • Risk Management and Control mindset (ability to identify control gaps and/or issues)
Additional qualifications/experience considerations:
  • Experience and knowledge in regulatory capital rules (Basel and CCAR)
  • CFA/FRM a plus


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