Risk Management - Firmwide Allowance Team - Associate
Bring your expertise to JPMorgan Chase. As part of Risk Management & 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 judgment to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management & Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.
As a Risk Management - Risk Controllers - Firmwide Allowance team - Associate you will play a key role in supporting the integrity and accuracy of reporting and governance related to the firmwide allowance for credit losses (ACL) under the Current Expected Credit Losses (CECL) accounting standard. You will assist in consolidating the ACL and Credit Costs across Consumer and Wholesale lines of business and support reporting aspects, including disclosures at earnings and the 10K/Q, as well as the credit cost budget and forecast.
Job Responsibilities
- Assist in the consolidation of ACL and credit costs across various lines of business.
- Support the preparation of financial disclosures related to earnings and regulatory filings, including creating and maintaining documentation and controls for all firmwide allowance deliverables.
- Contribute to the credit cost budget and forecast processes.
- Participate in maintaining allowance-related standards and preparing CECL scenario weights assessments.
- Collaborate with team members and support senior business leaders and stakeholders in strategic decision-making.
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Required Qualifications, Capabilities, and Skills
- Approximately 3 years of experience in finance, accounting, or a related field.
- Basic understanding of credit loss accounting standards, particularly CECL.
- Strong analytical skills and attention to detail.
- Effective communication skills, both written and verbal.
- Ability to work collaboratively in a team environment.
- Proficiency in Microsoft Office applications, especially PowerPoint and Excel.
Preferred Qualifications, Capabilities, and Skills
- BA/BS in Finance or Accounting.
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
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.
Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.
Perks and Benefits
Health and Wellness
Parental Benefits
Work Flexibility
Office Life and Perks
Vacation and Time Off
Financial and Retirement
Professional Development
Diversity and Inclusion