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CCB-Risk-Business Banking-CECL Forecasting & Analytics-VP

Req #: 170079189
Location: Brooklyn, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 5000 US Dollar (USD)
Chase & Co. (NYSE: JPM) is a leading global financial services firm with 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 http://www.jpmorganchase.com/.
 
Our Firmwide Risk Function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment. 
 
Chase Consumer & Community Banking (CCB) serves consumers and small businesses with a broad range of financial services, including personal banking, small business banking and lending, mortgages, credit cards, payments, auto finance and investment advice. Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Types of risk that occur in consumer businesses include fraud, reputation, operational, credit, market and regulatory, among others
 
The credit forecasting function is responsible for reporting and forecasting Business Banking loan production, balances, margin and capital.  The function uses multiple approved models for predicting the future performance of the credit portfolio for BAU planning & reporting.
 
The credit forecasting function is a highly visible role which must interact with partners in risk, finance, and accounting.  The role is primarily focused supporting the explanation of monthly business results compared to the budget and explaining variances to forecasted results to Business Banking CRO and CFO.
 
The person in this role is expected to work with our key stakeholders on defining CECL requirements and develop a plan for CECL implementation. The person is also responsible for developing forward looking analytics by leveraging existing models, processes and industry data to provide analytical insight and forward looking views for the Business Banking portfolio. The CECL forecasting and analytics work will provide insights into the portfolio’s credit behavior under different CECL scenarios and “what-if” scenarios to deepen management’s understanding of CECL impact and the risks inherent in the portfolio. 
 
Responsibilities:
The primary purpose is to define CECL requirements and analytical framework and to develop analytical information about the portfolio’s credit trends, financial performance, idiosyncratic and macro risks, industry and competitors comparisons. The individual in this role is expected to develop deep understanding of core finance, risk and accounting processes to educate and explain results.
 
The person in this role is responsible for the following:
  • Develop deep subject matter expertise into core business, finance and accounting processes.
  • Work with Key stakeholders on defining CECL requirements and operating framework.
  • Evaluate the CECL impact to our financial results.
  • Support the CECL testing, implementation and ongoing execution.
  • Educate and explain monthly and quarterly results to the CRO and CFO for Business Banking and Wholesale Partners.
  • Perform forward looking portfolio analyses and provide insights into asset quality mix, credit performance and the impact of idiosyncratic and macro risks.
  • Partner closely with risk strategy, finance, and accounting groups.
  • Identify emerging risks and areas of opportunity to help better manage the risk in the portfolio.
  • Develop an end-to-end review of the portfolio and its risks and their potential impact to the business and financial performance.     
  • Create documentation and presentations and communicate results to senior managers.
  • 7+ years of experience working in risk analytics, risk strategy  or financial analysis roles
  • Bachelor  in finance, economics or equivalent fields   
  • Ability to connect the dots and summarize findings
  • Programming skills in SAS, SQL and/or Python is a plus
  • Experience in risk and finance
  • Strong analytical/problem solving skills and attention to detail
  • Self-motivated and pro-active with proven ability to work accurately and under pressure to meet deadlines
  • Ability to work well with others and build strong cross-functional relationships with our key partners
  • Ability to work well under pressure by staying focused
  • Ability to summarize and explain clearly complex information to a wide range of audiences (senior managers, controller, finance, and risk)
  • Strong communication skills as this role requires close interaction with senior leaders and key partners across the firm
 
 
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