Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. 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 part of the Risk Management - Wholesale Credit Risk Vice President team, you are at the center of keeping JPMorgan Chase strong and resilient. The position requires the experience in modeling of either balance forecasting (commitment, utilization, prepayment) and/or spread/GII/NII.
Job responsibilities
- Lead model development: analyze conceptual soundness of complex forecasting models, engines, and reserve methodologies; assess model behavior and suitability of forecasting models/engines for Wholesale Credit
- Design & Develop Models: Create, enhance, and maintain sophisticated statistical and econometric models for forecasting and risk management
- Develop Stress Capital modeling: To support exercises such as Comprehensive Capital Analysis and Review (CCAR), Internal Capital Adequacy Assessment Process (ICAAP), and CECL.
- Utilize and implement Machine Learning: AI/ML techniques for risk monitoring, predictive modeling, and analyzing large, complex, structured/unstructured datasets.
- Work with model implementation team, data team and production
- Evaluate model performance on a regular basis
Required qualifications, capabilities, and skills
- Solid theoretical and practical knowledge of statistical methods and models: generalized linear models, time-series analysis, clustering, decision trees, logistic regression.
- Experience in handling large amount of panel data, and data cleaning/filtering.
- Hands on programming in Python.
- Basic knowledge on credit risk modeling both at single-obligor level and portfolio level.
- Previous experience in writing documents for regulatory reviews.
Preferred qualifications, capabilities, and skills
- Prior experience in wholesale credit is preferred.
- Prior experience in PPNR modeling is strongly preferred.
- R is good to have.
ABOUT USJPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAMJ.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
