As a Wealth Management Credit Forecasting (Associate) within the Consumer and Community Banking (CCB) Credit Forecasting team you will be responsible for executing credit forecasting models, diagnosing model accuracy, and leading analyses to assess the performance of our product portfolio. This is an exciting opportunity to contribute to our team's success and develop your skills in a fast-paced environment. You will be responsible for execution of the processes through analytical insights, predictive analysis and newer technology applications.

Job Responsibilities

In this role, you will:

• Execute credit forecasting models to forecast credit losses and allowance for the JPM Wealth Management portfolio, supporting regulatory exercises like CCAR, CECL, firmwide Risk Appetite and Budget
• Conduct macro sensitivity analytics, loss and allowance attribution, deep dives and story-boarding
• Create presentations for senior management and present the forecast with a clear storyline and data support.
• Diagnose the Model parameters and liaison with modelling team to propose changes to model for accuracy at granular segments
• Participate in cross-functional communications with Risk Management, Finance, Product and Collections to inform the forecast on current learnings and incorporate strategic initiatives
• Prepare and maintain documentation for audit controls surrounding loss forecasting and reserves
• Partner with Finance and Risk to ensure strategy alignment and seamless execution

Required qualifications, capabilities, and skills

• Bachelor's degree in a quantitative discipline (Finance/Stats/Econ/Math/Engineering) or equivalent work/training
• 3+ years of Credit Risk Management, Statistical Modeling, Financial Analysis and/or Consulting experience
• Strong analytical, interpretive, and problem-solving skills with the ability to interpret large amounts of data and its impact in both operational and financial areas
• Strong communication and interpersonal skills, ability to interact with individuals across departments/functions
• Proficiency in Microsoft Office suite of products (Advanced Excel, VBA and PowerPoint)
• Programming languages like Python/SAS/SQL

Preferred qualifications, capabilities, and skills

• Knowledge of regulatory modeling (CECL / CCAR)
• Credit risk experience in one or more US consumer credit portfolios, preferably JPMWM products (i.e., Wealth Management, Private Banking)

ABOUT US

JPMorgan Chase, 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 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.

ABOUT THE TEAM

Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.