Wholesale Credit Risk Stress Testing – CHR & TMT – Analyst
Posted on: 5 Feb 2021
Plano, TX
Job Description
JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. The firm is a leader in investment banking, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.
Wholesale Credit Risk Stress is part of the Wholesale Credit Solutions Group (WCSG) and is responsible for the methodology and governance of the Firms stress testing program of wholesale loans.
Responsibilities
* Developing a stress testing framework for the specific industries under their coverage
* Understand credit underwriting principles for a specific industry and participate in risk underwriting activities
* Participate in risk reviews and make stress testing framework an essential component of industry portfolio management
* Partner with Wholesale Credit Risk Management and collaborate with model developers to enhance loss forecasting models to capture industry specific drivers
* Partner with LOB team to ensure appropriate business assumptions
* Enhance reporting of stress estimates to industry based credit teams for ongoing risk appetite measurements and stress capital
* Provide analysis for portfolio and scenario changes and resulting loss sensitivities / results and provide industry level results explain to LOB results analytics team
* Be an expert in the portfolio composition of a particular industry portfolio and conduct bottoms up analysis
* Provide leadership and input into key projects across the department, and contribute to process and efficiency improvement initiatives of the Credit organization
Qualifications
* 1-3 years professional work experience in financial services (commercial banking or similar)
* Familiarity with corporate credit risk ideally underwriting / risk management
* Ability to effectively present analysis and interact with key stakeholders; build rapport and influence change
* Strong communication skills both oral and written
* Self-motivated, organized and possess a high level of attention to detail
* Ability to work in a team environment to solve problems and excel in a high-pressure, deadline oriented environment
* Has meticulous attention to detail and accuracy
* Experience in econometric and statistical modeling for loss and interest income forecasting, risk management, or volume forecasting is preferred.
JPMorgan Chase & Co.
New York, New York
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research.
This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners.
The AWM segment offers investment and wealth management services across equities, fixed income, alternatives, and money market fund asset classes; multi-asset investment management services; retirement products and services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. The company also provides ATM, digital covering online and mobile, and telephone banking services. JPMorgan Chase & Co. has a collaboration agreement with Chicagoland Chamber of Commerce. The company was founded in 1799 and is headquartered in New York, New York.
-
IndustryBanking/Financial Services
-
No. of Employees255,998
-
Website
-
Jobs Posted9051
