Wholesale Credit Loss Forecasting Commercial Real Estate- Executive Director
JPMorganChase
Job Responsibilities
Contribute to a diverse, talented and global team that plays an integral role in multiple Risk and Finance Firmwide programs.
Stay up to date on the latest Risk related news and trends across the financial services industry, markets, politics, etc. and have the thought space to anticipate potential impact(s) on the Firm.
Be encouraged to think creatively, challenge status quo, and deliver enhancements across a multitude of strategic objectives impacting the CIB Risk team.
Gain exposure to firm-wide stakeholders within Risk, Finance and front office.
Oversee exposure at a portfolio level across HFI, HFS and FVO monitoring trends and changes in the portfolio, large deals, limit utilization across various property types and metrics.
Review top level and loan level detailed allowance and stress testing results for reasonability and accuracy.
Exercise analytical skills to assess risks and support estimation of qualitative loan loss reserves, which consider management’s judgment of industry and portfolio-specific data and captures emerging and/or idiosyncratic risks.
Calculate, analyze, and communicate modeling behaviors and parameters (including Probability of Default, Loss Given Default, Exposure at Default, and Rating Migration) and how these translate into loss estimates.
Develop a deep understanding of the allowance and stress testing estimation processes and inform methodology across our BAU stress scenarios (Credit Stress Framework), CECL, IFRS 9, and CCAR forecasting exercises.
Support portfolio trend and sensitivity analysis to various macroeconomic scenarios, portfolio ‘what-if’ stresses, and assumption changes
Prepare and present materials to senior management and other Firmwide stakeholders, adapting messages to different audiences.
Required Qualifications, Capabilities and Skills
Bachelor’s degree in Business, Finance, Accounting, or related field
10+ years’ experience within the financial services industry
Strong familiarity with Commercial Real Estate (CRE) loans and lending related commitments.
Knowledge of CECL and IFRS 9 credit loss accounting standards
Knowledge of the CCAR regulatory framework and stress testing
Strong analytical skills in wholesale loan loss forecasting and stress testing frameworks.
Demonstrated ability to work across diverse groups to understand issue drivers and business requirements while collaborating with partners to build consensus and execute the agreed plans.
- Excellent leadership skills particularly to drive and initiate change within your team.
- Experience with data analysis and manipulation through analytical tool sets (e.g., Tableau, Python)
Preferred Qualifications, Capabilities and Skills
- Experience with intelligent solution tools (e.g., Alteryx), LLMs. Tableau, XL
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
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.
Join our team as a Wholesale Credit Loss Forecasting Commercial Real Estate- Executive Director!