Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase 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 Credit Capital Model Development Vice President within the Wholesale Credit Risk Management Quantitative Research team, you will utilize your experience in modeling of either balance forecasting (commitment, utilization, prepayment) and/or spread/GII/NII and focus on Pre-Provision Net Revenue (PPNR) stress modeling methodologies.
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Job Responsibilities
- Develop statistical models and frameworks for PPNR forecasting under different economic scenarios.
- Work across the entire team , including planning, analysis, development, and testing of new applications and enhancements to existing applications. Ensure adherence to best practices and standards throughout the development process.
- Perform data analysis to support model development and analytics and collaborate with LOBs and LOB finance teams to ensure integrity and accuracy in model results
- Liaise with various lines of business to thoroughly understand various models for CCAR, CECL and other credit risk applications. Ensure alignment with regulatory requirements and internal governance standards.
- Define data models, metadata, and data dictionary that will enable data analysis and analytical explorations. Implement data governance practices to ensure data quality, consistency, and compliance with organizational policies.
- Participate in stress testing exercises: CCAR, RA, IFRS9
Required Qualifications, Capabilities and Skills
- Masters degree in finance, statistics, econometrics, mathematics, physics, engineering or similar quantitative discipline
- Minimum 3 years of experience
- Solid theoretical and practical knowledge of statistical methods and models: generalized linear models, time-series analysis, clustering, decision trees logistic regression
- Basic knowledge on credit risk modeling both at single-obligor level and portfolio level
- Experience in handling large amount of panel data and data cleaning/filtering
- Hands on programming in Python
- Previous experience in writing documents for regulatory reviews
Preferred Qualifications, Capabilities and Skills
- Prior experience in wholesale credit
- Prior experience in PPNR modeling
- Hands on programming experience in 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 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.