Join J.P. Morgan's Commercial & Investment Bank as a VP in Finance & Business Management, where you will lead the Credit Costs/Stress Testing Controllers team. This role offers a unique opportunity to become a subject matter expert on credit costs and stress testing, working with diverse stakeholders across the globe. You will play a pivotal role in analyzing and reporting credit costs under US GAAP CECL and IFRS 9 frameworks, as well as CCAR and Risk appetite results. This is a high-impact position that requires strategic thinking and collaboration with various teams within the bank.
As a Vice President within the Credit Costs/Stress Testing Controllers team, you will be responsible for the review and reporting of Credit Costs across both the US GAAP CECL and IFRS 9 frameworks. You will analyze and report the annual CCAR and quarterly Risk appetite results across the entire Commercial & Investment Bank loans and commitments portfolio. This role involves close collaboration with Wholesale Credit Risk Controllers, Special Credits, Accounting Policy, Central Planning & Analysis, Legal Entity Controllers, and various lines of business controllers across the CIB.
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Job Responsibilities:
- Validate model projections, focusing on Credit Costs, Risk Weighted Assets, and Fair Value projections.
- Prepare CCAR and Risk Appetite submissions.
- Perform UAT on new models and quantitative frameworks.
- Automate stress results reporting in collaboration with the technology team.
- Establish control checks for accurate and complete submission templates.
- Participate in internal audits and regulatory reviews.
- Support ad-hoc requests and assist other team functions as needed.
- Propose enhancements to outputs and models.
- Validate CECL results and coordinate ledger booking with Financial Controllers.
- Validate IFRS 9 model outputs and liaise with Legal Entity Controllers.
- Review and sign off on launch point data and profiling of critical model attributes.
Required Qualifications, Capabilities, and Skills:
- BA / BS degree required with 5+ years of experience in finance, particularly with knowledge of lending products and capital.
- Strong analytic mindset and creative problem-solving skills.
- Self-starter and team player.
- Excellent written and verbal communication skills.
- Strong Excel skills and database knowledge.
- Ability to analyze large volumes of data.
- Ability to review processes and automate them for efficiency.
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 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 TEAM
J.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.