JPMorgan Risk Management- Wholesale Credit Loan Loss Forecasting - Associate 

United States, Texas, Plano 

752578481

Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Wholesale Credit Risk Loan Loss Forecasting - Associate, you will develop value added risk analytics solutions through the deployment of advanced analytical frameworks on top of the firm’s big data resources. In this role, you will focus on leveraging data to enhance the current end-to-end credit risk process across all of Credit Risk.

Job Responsibilities

• Stay up to date on the latest Risk related news and trends across the financial services industry, markets, politics, etc. and have the thought space to anticipate potential impact(s) on the Firm.
• Review top level and loan level detailed allowance results for reasonability and accuracy
• Exercise analytical skills to assess risks and support estimation of the qualitative allowance, which considers management's judgment of industry and portfolio-specific data, and captures emerging and/or idiosyncratic risks
• Calculate, analyze, and communicate modeling behaviors and parameters (including Probability of Default, Loss Given Default, Exposure at Default, and Rating Migration) and how these translate into loss estimates
• Develop a deep understanding of the allowance estimation process and inform methodology alignment across CECL, IFRS 9, and stress testing loss forecasting exercises
• Support portfolio trend and sensitivity analysis to various macroeconomic scenarios, portfolio 'what-if' stresses, and assumption changes
• Prepare and present materials to senior management and other Firm wide stakeholders, adapting messages to different audiences
• Collaborate with partners across the Firm, including the lines of business, and the Risk Finance, Quantitative Research, Model Risk, and Technology organizations
  

Required Qualifications, Capabilities and Skills

• Bachelor's degree in Business, Finance, Accounting, or related field
• 3+ years' experience within the financial services industry
• Knowledge with Commercial and Industrial (C&I) and Commercial Real Estate (CRE) loans and lending related commitments
• Knowledge of CECL / IFRS 9 credit loss accounting standards.

Preferred Qualifications, Capabilities and Skills

• Strong organizational skills including attention to detail and multitasking skills
• Excellent written and verbal communication skills and ability to synthetize results and share with a senior audience as needed
• Ability to work and solve problems independently and excel in a high-pressure, deadline oriented environment
• Excellent relationship management skills and ability to facilitate communication between teams
• Mindset for continuous improvement and to challenge the status quo