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Corporate Financial Analysis: Firmwide Economic Scenarios & Analytics, Associate

Req #: 180030421
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 3000 US Dollar (USD)

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.


Group Overview

The Firmwide Economic Scenarios & Analytics team within Global Finance oversees the development and distribution of the full set of economic assumptions used in the Firm’s forecasting processes. The team collaborates with the Economics and Strategy Research teams, CFO/Financial Planning teams, Risk functions, and other corporate areas such as Investor Relations and the Regulatory Capital Management Office. Economic assumptions cover key US and global economic indicators, fixed income markets, equity markets, etc., and accordingly, a broad knowledge base across economics and finance is essential. The team develops scenarios across a range of potential economic backdrops which are distributed firmwide.


Responsibilities:
    • Support the design of economic forecasts, working closely with key partners including suppliers of economic variables (JPM Economic/Strategy research teams or other experts) and users (Risk and Finance). Experience with scenario planning, CCAR, ICAAP a plus.
    • Support reviews of forecast models; assess appropriateness of model inputs, methodology, and output. Perform periodic calibration.
    • Work across lines of businesses to ensure consistent model development and application. Collaborate with governance groups to support model enhancements and maintain model inventory.
    • Coordinate and manage the team’s multiple project workstreams, with an emphasis on accuracy and timeliness of meeting deliverables on prescribed timelines, ensuring successful downstream implementation.
    • Oversee and participate in hands-on review of economic forecasting methodologies, documentation, process, and data to assess conceptual and financial soundness of the implementations, as well as compliance with rules and best practices.
    • Communicate with key stakeholders such as Finance and Risk, Planning & Analysis, quantitative model development, Investor Relations and senior leadership to manage and coordinate inbound questions, deliverables, and ad-hoc requests.
    • Develop executive-level presentations for senior management, regulators and internal stakeholders

  • Strong quantitative skills: Master’s degree or equivalent in a quantitative discipline a plus – Econometrics/Statistics, Engineering, Quantitative/Math Finance, etc.
  • Demonstrable statistical regression experience
  • 5+ years of work experience, with a strong interest in Finance and / or Economics
  • Experience with economic and financial modeling. Experience with programming languages/statistical software (e.g., SAS, Python, R).
  • Ability to understand and challenge modeling assumptions as well as concrete technical model documentation
  • Exceptionally detail-oriented with the ability to synthesize large amounts of data, summarize key concepts and articulate relevant conclusions
  • Excellent organizational and communication (verbal and written) skills
  • Experience managing project workstreams across multiple key stakeholders
  • Self-starter, able to work in a fast-paced, results-driven environment with a proven track record of execution against deliverables
  • Ability to multi-task in a fast paced environment with frequently changing priorities and to meet deadlines under pressure. Works well individually and in teams, shares information, supports colleagues and encourages participation.
 
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