Wholesale Credit Loss Forecasting Commercial Real Estate- Executive Director

JPMorgan Chase & Co.•Plano, TX

About The Position

As part of Risk Management and 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, 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 creatively, challenging the status quo and striving to be best-in-class. As a Wholesale Credit Loss Forecasting Commercial Real Estate Executive Director in the Stress Testing team, you will have the opportunity to influence wholesale credit loan loss estimation while collaborating with Corporate & Investment Bank (CIB) Risk executives and stakeholders across the Firm to articulate methodology assumptions and forecast outcomes within quarterly allowance and stress testing exercises.

Requirements

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)

Nice To Haves

Experience with intelligent solution tools (e.g., Alteryx), LLMs. Tableau, XL

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.

Benefits

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.

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