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.

　　The Wholesale Loan Loss Forecasting team is responsible for implementing key credit risk practices across Wholesale businesses and ensuring consistency in methodologies within Wholesale Credit Risk. The team works across the Corporate and Investment Bank, Commercial Bank and Asset Management divisions, and will be aligned with firm-wide partners including Reporting, Finance, Model Risk & Development, Technology, and the Regulatory Capital Management Office. Our analysis is strategic for the firm and is leveraged for external constituents, including the Firm's investors and regulators.

　　In this position, you will be part of the Stress Loss Forecasting and Comprehensive Capital Analysis and Review (CCAR) coverage team with a focus on end-to-end responsibilities on loss/gain forecasting of hedging activities. You will be diligently working with the front office businesses and the modelling teams to support the onboarding and reporting of new and existing hedges in the wholesale credit stress platform.

　　Job Responsibilities

　　Function as product expert who can confidently engage with various business desks which have or are considering setting up hedging programs and clearly understand needs and recommend solutions for stress testing and capital.

　　Partner with the Quantitative Research (QR) modelling team to shape robust modelling solutions, bridge the communication with the business on any model related choices from data, input, variables, pricing, and seek model approvals from various risk committees by clearly presenting the model framework and underlying assumptions.

　　Provide analysis and review of the stress testing model output leveraging knowledge of market conditions and input from discussions with the traders and the business leaders.

　　Advise the business on what-if analysis and potential stress and capital impacts on prospective new trades and work closely with the QR modelling team on data requirements to support any sensitivity analysis

　　Serve as the contact point for this portfolio for requests from regulators, the model validation group, business desks, and the risk and finance organization, including senior management.

　　Develop subject matter expertise of credit risk models such as Probability of Default and Loss Given Default used in forecasting loan losses and advise stakeholders on Hedges methodologies and assumptions for their portfolio.

　　Assist with sourcing relevant historical data for model calibration, back-testing, validation of models or assumptions by coordinating with the business or research teams.

　　Required Qualifications, Capabilities and Skills

　　Bachelor's degree in finance, economics, mathematics, or related quantitative discipline

　　Minimum of 5 years of experience working in credit or market risk management and/or stress testing in large financial institutions

　　Analytical skills in Tableau, MS Excel, Python or R to quickly leverage large complex data and synthetize findings

　　Strong ability to explain complex quantitative models clearly to audiences without a quantitative background

　　Initiative-taking and proactive with proven ability to work accurately under pressure to meet deadlines

　　Effective communication skills with demonstrated experience managing client relationships and guiding business actions

　　Preferred Qualifications, Capabilities and Skills

　　Demonstrated experience in technical presentations

　　Solid understanding of pricing and settlement of various instruments including standard contracts such as single-name CDSs, index CDXs, options, futures, as well more complex bespoke Hedge structures and strategies used across different lines of businesses and regions

　　Prior experience working with credit risk models such as Probability of Default and Loss Given Default used in forecasting loan losses and solid presentation skills to effectively advise stakeholders on Hedges methodologies and assumptions for their portfolio

　　Ability to navigate or build analytics dashboards in Tableau to streamline the review process of model results and data inputs such as portfolio characteristics and macro-economic scenarios

　　Knowledge of Volcker rule requirements

　　JPMorgan Chase & Co., 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 and perspectives that 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. (If you are a US or Canadian applicant with a disability and wish to request an accommodation to complete the application process, please contact us by calling the Accessibility Line (US and Canada Only) 1-866-777-4690 and indicate the specifics of the assistance needed.)

　　We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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.

　　JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans

　　Base Pay/Salary

　　Jersey City,NJ $123,500.00 - $208,000.00 / year