Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view.
As a Credit Risk Associate within the Risk Management team, you will play a pivotal role in supporting the firm's growth by proactively identifying, assessing, and managing emerging risks. Your expertise in high-quality credit analysis and statistical model development will be crucial in estimating, monitoring and managing credit risk for TCIO's (Treasury and Chief Investment Office) fixed income portfolio, which encompasses a diverse range of securitized and non-securitized asset classes.
Job responsibilities
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- Conduct comprehensive credit analysis and develop quantitative models to forecast credit losses for TCIO's fixed income investments
- Perform in-depth credit analysis for various TCIO investments across the fixed income spectrum. Engage with senior members of TCIO Credit Risk and the Portfolio Management teams to complete risk analysis, present conclusions and facilitate timely investment approvals
- Develop statistically robust models to forecast credit losses for the fixed income investment portfolio, by incorporating insights from new research in the credit risk domain and enhancing existing methodology
- Work alongside senior team members on product specific analysis required to support risk discussions, including preparation and delivery of analytical presentations for various Senior Risk forums
- Support the model validation team by addressing queries and ensuring models meet regulatory requirements and are fit for use
- Mentor and train junior team members and colleagues, sharing best modeling practices and domain knowledge
- Partner with the Front Office, Finance, Valuation Control Group, Model Review Group, Policy, Finance, Technology and Middle Office for other ongoing projects, thus contributing to continued build-out of the TCIO Credit Risk franchise
Required qualifications, capabilities, and skills
- 3-6 years of relevant work experience in credit risk management within a financial organization or credit rating agency
- Proficiency in statistical modeling techniques, including multivariate regression, time series analysis, panel data analysis, logistic regression, and machine learning algorithms
- A strong academic background, with a minimum of a bachelor's degree in a technical or quantitative field such as Engineering, Economics or Finance
- Strong analytical background with sound understanding of financial statements, including ratio analysis, cash flow analysis, and fundamental knowledge of key accounting standard
- Excellent verbal and written communication skills, with an ability to deliver effective presentations to senior management
- Candidate must be able to lead, multitask and thrive in a fast-paced environment managing multiple ad-hoc analytical requests and prioritize work accordingly
Preferred qualifications, capabilities, and skills
Knowledge of regulatory modeling (CECL / CCAR /IFRS9)
Proficiency in advanced analytical languages such as Python, R
ABOUT US
JPMorganChase, 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 professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
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.